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Revenue from Contracts With Customers
6 Months Ended
Jul. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer Revenue from Contracts with Customers
Revenue Transactions
Revenue from store operations is recognized at the point of sale when control of the product is transferred to the customer at such time. Internet sales, through the Company's fivebelow.com e-commerce website, are recognized when the customer receives the product as control transfers upon delivery. Returns subsequent to the period end are immaterial; accordingly, no significant reserve has been recorded. Gift card sales to customers are initially recorded as liabilities and recognized as sales upon redemption for merchandise or as breakage revenue in proportion to the pattern of redemption of the gift cards by the customer in net sales.
The transaction price for the Company’s sales is based on the item’s stated price. To the extent that the Company charges customers for shipping and handling on e-commerce sales, the Company records such amounts in net sales. Shipping and handling costs, which include fulfillment and shipping costs related to the Company's e-commerce operations, are included in costs of goods sold. As permitted by applicable accounting guidance, the Company has elected to exclude all sales taxes from net sales in the accompanying consolidated statements of operations.
Disaggregation of Revenue
The following table provides information about disaggregated revenue by groups of products: leisure, fashion and home, and party and snack (in thousands):
Thirteen Weeks EndedThirteen Weeks Ended
July 31, 2021August 1, 2020
AmountPercentage of Net SalesAmountPercentage of Net Sales
Leisure$328,517 50.8 %$206,362 48.4 %
Fashion and home191,241 29.6 %156,665 36.8 %
Party and snack126,796 19.6 %63,083 14.8 %
Total$646,554 100.0 %$426,110 100.0 %
Twenty-Six Weeks EndedTwenty-Six Weeks Ended
July 31, 2021August 1, 2020
AmountPercentage of Net SalesAmountPercentage of Net Sales
Leisure$625,290 50.2 %$302,712 48.3 %
Fashion and home370,933 29.8 %223,843 35.7 %
Party and snack248,154 20.0 %100,454 16.0 %
Total$1,244,377 100.0 %$627,009 100.0 %