Five Below Inc (FIVE)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	401,101	356,471	358,331	351,501	347,534	306,686	317,094	346,085	366,703	348,521	340,285	287,830	153,067	128,612	118,461	123,360	221,569	93,741	111,708	99,952
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
Pretax margin		11.27%	10.66%	11.02%	11.11%	11.30%	10.40%	10.89%	11.97%	12.87%	12.86%	13.19%	12.20%	7.80%	7.18%	7.00%	7.33%	12.00%	6.37%	7.74%	7.56%

February 3, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $401,101K ÷ $3,559,373K
= 11.27%

Five Below Inc's pretax margin has shown some fluctuations over the periods analyzed. The pretax margin represents the company's efficiency in generating profits before taxes, with a higher margin indicating better profitability.

The pretax margin ranged from a low of 6.37% in November 2019 to a peak of 13.19% in July 2021. The company's profitability seems to have improved in recent quarters, with the pretax margin showing an uptrend from the fourth quarter of 2021 through the first quarter of 2024.

Overall, Five Below Inc's pretax margin has generally been above 10% in recent periods, indicating a healthy level of profitability. Management may consider monitoring cost management strategies and revenue generation to sustain or further improve the pretax margin in the future.