Five Below Inc (FIVE)

Pretax margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	401,101	347,534	366,703	153,067	221,569
Revenue	US$ in thousands	3,559,370	3,076,310	2,848,350	1,962,140	1,846,730
Pretax margin		11.27%	11.30%	12.87%	7.80%	12.00%

February 3, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $401,101K ÷ $3,559,370K
= 11.27%

The pretax margin of Five Below Inc has exhibited some variability over the past five years. In the most recent fiscal year ending February 3, 2024, the pretax margin decreased slightly to 11.27% compared to 11.30% in the previous year. However, the pretax margin was lower in the fiscal year ending January 30, 2021, at 7.80%. The highest pretax margin of 12.87% was recorded in the fiscal year ending January 29, 2022. Overall, the pretax margin has shown fluctuations, possibly influenced by factors such as changes in revenue, operating expenses, and cost structure.