Five Below (FIVE) Q1 2024 Earnings Call Transcript

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Five Below (FIVE -3.69%)
Q1 2024 Earnings Call
Jun 05, 2024, 4:30 p.m. ET

Contents:

• Prepared Remarks
• Questions and Answers
• Call Participants

Prepared Remarks:

Operator

Good day, and welcome to the Five Below first quarter 2024 earnings conference call. All participants will be in a listen-only mode. [Operator instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator instructions] Please note this event is being recorded.

I would now like to turn the conference over to Ms. Christiane Pelz, vice president, investor relations and treasury. please go ahead, ma’am.

Christiane Pelz — Vice President, Investor Relations and Treasury

Thank you. Good afternoon, everyone, and thanks for joining us today for Five Below’s first quarter 2024 financial results conference call. On today’s call are Joel Anderson, president and chief executive officer; and Kristy Chipman, chief financial officer and treasurer. After management has made their formal remarks, we will open the call to questions.

I need to remind you that certain comments made during this call may constitute forward-looking statements and are made pursuant to and within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 as amended. Such forward-looking statements are subject to both known and unknown risks and uncertainties that could cause actual results to differ materially from such statements. Those risks and uncertainties are described in the press release and our SEC filings. The forward-looking statements made today are as of the date of this call, and we do not undertake any obligation to update our forward-looking statements.

In this presentation, we will refer to our SG&A expenses. For us, SG&A means selling, general, and administrative expenses, including payroll and other compensation, marketing and advertising expense, depreciation and amortization expense, and other selling and administrative expenses. Additionally, we will be discussing certain non-GAAP financial measures. A reconciliation of these items to U.S.

Thank you.

Operator

[Operator signoff]

Duration: 0 minutes

Call participants:

Christiane Pelz — Vice President, Investor Relations and Treasury

Joel D. Anderson — President and Chief Executive Officer

Kristy Chipman — Chief Financial Officer and Treasurer

Simeon Gutman — Morgan Stanley — Analyst

Joel Anderson — President and Chief Executive Officer

Seth Sigman — Barclays — Analyst

Unknown speaker

Matthew Boss — JPMorgan Chase and Company — Analyst

Scot Ciccarelli — Truist Securities — Analyst

John Heinbockel — Guggenheim Partners — Analyst

Michael Lasser — UBS — Analyst

Edward Kelly — Wells Fargo Securities — Analyst

David Bellinger — Mizuho Securities — Analyst

Kate McShane — Goldman Sachs — Analyst

Brad Thomas — KeyBanc Capital Markets — Analyst

Michael Montani — Evercore ISI — Analyst

Joe Feldman — Telsey Advisory Group — Analyst

CJ Dipollino — Craig-Hallum Capital Group — Analystt

William Dosset — Oppenheimer and Company — Analyst

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