XML 26 R15.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Reporting
 3 Months Ended
May 03, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company has one reportable and operating segment, which derives revenue from sales of the Company’s merchandise to customers at our 1,826 brick & mortar store locations, which operate in 44 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 1 “Consolidated Financial Statements” of this Form 10-Q. 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 1 “Consolidated Financial Statements" of this Form 10Q.
The following table details segment profit and loss for the Company's one reportable segment:
 Thirteen Weeks Ended
May 3, 2025May 4, 2024
Net sales$970,527 $811,863 
Cost of goods sold646,614 548,343 
Advertising costs15,048 11,819 
Store and corporate expenses211,454 178,367 
Depreciation and amortization46,564 37,184 
Interest income and other income, net5,647 4,990 
Income tax expense15,346 9,673 
Net income$41,148 $31,467