Five Below is a value-oriented retailer that operated 900 stores in the United States as of the end of fiscal 2019. Catering to teen and preteen consumers, stores feature a wide variety of merchandise, the vast majority of which is priced at or below $6. The assortment focuses on discretionary items in several categories, particularly leisure (such as sporting goods, toys, and electronics; 50% of fiscal 2019 sales), fashion and home (for example, beauty products and accessories, home goods, and storage solutions; 31% of fiscal 2019 sales), and party and snack (including seasonal goods, candy, and beverages; 19% of fiscal 2019 sales). The chain had stores in 36 states as of the end of fiscal 2019, along with four distribution centers (with another slated to open in 2020).
BYON
WSM
WSM, HLT, BYON
WSM
COST
Zain Akbari
Equity Analyst