Five Below Inc (FIVE)

Gross profit margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Gross profit (ttm)	US$ in thousands	2,059,951	1,174,608	1,159,588	1,123,518	1,095,491	1,039,988	1,034,542	1,036,352	1,030,444	974,480	923,218	832,738	652,330	600,528	568,110	574,442	673,966	486,928	489,998	441,065
Revenue (ttm)	US$ in thousands	3,559,373	3,344,383	3,253,012	3,162,958	3,076,307	2,949,889	2,912,500	2,890,127	2,848,354	2,710,536	2,579,505	2,359,061	1,962,137	1,790,753	1,691,577	1,682,867	1,846,730	1,472,423	1,442,719	1,321,641
Gross profit margin		57.87%	35.12%	35.65%	35.52%	35.61%	35.26%	35.52%	35.86%	36.18%	35.95%	35.79%	35.30%	33.25%	33.53%	33.58%	34.13%	36.50%	33.07%	33.96%	33.37%

February 3, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,059,951K ÷ $3,559,373K
= 57.87%

Five Below Inc's gross profit margin has shown variability over the historical period provided. The gross profit margin fluctuated between a low of 33.07% in November 2019 and a peak of 57.87% in February 2024.

The highest gross profit margin in February 2024 indicates that the company was able to generate $0.57 in gross profit for every $1 in revenue, which may suggest efficient cost management or pricing strategies during that period.

Conversely, the lowest gross profit margin of 33.07% in November 2019 shows a relatively lower ability to generate gross profit compared to other periods. This could be due to various factors such as higher costs of goods sold or pricing pressures during that specific timeframe.

Overall, an analyst may want to investigate the reasons behind these fluctuations in gross profit margin to assess the company's operational efficiency, pricing strategies, and cost management practices.