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Revenue from Contracts With Customers
6 Months Ended
Aug. 03, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer Revenue from Contracts with Customers
Revenue Transactions
Revenue from store operations, including third party delivery services, 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 snack and seasonal (dollars in thousands):
Thirteen Weeks EndedThirteen Weeks Ended
August 3, 2024July 29, 2023
AmountPercentage of Net SalesAmountPercentage of Net Sales
Leisure
$374,905 45.2 %$360,110 47.5 %
Fashion and home249,386 30.0 %219,668 28.9 %
Snack and seasonal
205,778 24.8 %179,203 23.6 %
Total$830,069 100.0 %$758,981 100.0 %
Twenty-Six Weeks EndedTwenty-Six Weeks Ended
August 3, 2024July 29, 2023
AmountPercentage of Net SalesAmountPercentage of Net Sales
Leisure
$748,739 45.6 %$710,308 47.8 %
Fashion and home477,658 29.1 %415,505 28.0 %
Snack and seasonal
415,535 25.3 %359,415 24.2 %
Total$1,641,932 100.0 %$1,485,228 100.0 %