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Revenue from Contracts With Customers
6 Months Ended
Jul. 30, 2022
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, ASU 2014-09 "Revenue from Contracts with Customers," the Company has elected to exclude all sales taxes collected from customers and remitted to governmental authorities 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 30, 2022July 31, 2021
AmountPercentage of Net SalesAmountPercentage of Net Sales
Leisure$304,837 45.6 %$328,517 50.8 %
Fashion and home198,313 29.6 %191,241 29.6 %
Party and snack165,777 24.8 %126,796 19.6 %
Total$668,927 100.0 %$646,554 100.0 %
Twenty-Six Weeks EndedTwenty-Six Weeks Ended
July 30, 2022July 31, 2021
AmountPercentage of Net SalesAmountPercentage of Net Sales
Leisure$611,543 46.7 %$625,290 50.2 %
Fashion and home372,547 28.5 %370,933 29.8 %
Party and snack324,433 24.8 %248,154 20.0 %
Total$1,308,523 100.0 %$1,244,377 100.0 %