FIVE BELOW, INCFIVE

FIVE BELOW, INC Segments Disclosure

10-KFiled Mar 19, 20262 min read
Segment Reporting
The Company has one reportable and operating segment, which derives revenue from sales of the Company’s merchandise to customers at our 1,921 brick & mortar store locations, which operate in 46 states, and online at fivebelow.com. No customer accounts for 10% or more of our revenues.
The accounting policies of the reportable segment are the same as those described in “Note 1 – Summary of Significant Accounting Policies.”
The chief operating decision maker (“CODM”) is the Company’s President and Chief Executive Officer, who assesses and evaluates the performance of the reportable segment. Financial information and data are provided to the CODM on a consolidated basis. The CODM uses consolidated sales and consolidated net income to evaluate performance, make key operating decisions and allocate resources. The Company’s significant segment expenses are included on the “Consolidated Statements of Operations” in Item 8 “Consolidated Financial Statements and Supplementary Data” of this Form 10-K. See “Note 2 – Revenue from Contracts with Customers” for the Company’s disaggregated revenue by groups of products.
Identifiable segment assets, including the significant segment assets of cash and cash equivalents, inventory and accounts payable, are included on the “Consolidated Balance Sheets” in Item 8 “Consolidated Financial Statements and Supplementary Data” of this Form 10-K.
The following table details segment profit and loss for the Company's one reportable segment:
 Fiscal Year
202520242023
Net sales$4,764,147 $3,876,527 $3,559,369 
Cost of goods sold3,049,461 2,523,865 2,285,544 
Advertising costs76,169 64,338 62,466 
Store and corporate expenses988,995 797,060 695,041 
Depreciation and amortization192,123 167,447 130,747 
Interest income and other income, net22,972 14,848 15,530 
Income tax expense121,730 85,054 99,995 
Net income$358,641 $253,611 $301,106 

Historical Timeline

Fiscal YearFiled
2026Mar 19, 2026Showing above
2025Mar 20, 2025
2024Mar 21, 2024
2023Mar 16, 2023
2022Mar 30, 2022
2021Mar 18, 2021
2020Mar 19, 2020
2019Mar 28, 2019
2018Mar 22, 2018
2017Mar 23, 2017
2016Mar 24, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

Income TaxesRevenueEarnings Per SharePP&ELeasesDebtCommitmentsStock CompensationNew StandardsPay vs Performance