Five Below, Inc. (FIVE) SEC Filings & Earnings Calls

Tariff exposure on future imports

“the direct and indirect impact of current and potential tariffs imposed, threatened and proposed by the United States on foreign imports, including, without limitation, the tariffs themselves, any counter-measures thereto and any indirect effects on consumer discretionary spending, which could increase the cost to us of certain products, lower our margins, i” · word for word

Tariff exposure remains a risk; guidance excludes future tariff refunds

“Outlook includes the expected impact of tariff rates currently in place and excludes the impact of future tariff refunds and share repurchases.”

Cybersecurity risk: social engineering attack led to unauthorized access and data exfiltration; contained but residual risk of data misuse.

“Threat actor exfiltrated files from affected computer; no PII accessed; incident contained.”

Tariff Uncertainty

“On February 20, 2026, the U.S. Supreme Court issued a ruling holding that the International Emergency Economic Powers Act (“IEEPA”) does not authorize the President to impose tariffs, creating uncertainty regarding the potential recovery of tariffs previously assessed under that statute.” · word for word

Tariff rates impact outlook; guidance assumes tariffs revert to start-of-year rates after July 24, 2026.

“This outlook includes the expected impact of tariff rates currently in place through July 24, 2026, and assumes tariffs thereafter revert to rates in place at the start of the fiscal year.” · word for word

Tariff uncertainty impacting incentive plan design

“due to the uncertainties surrounding tariffs being imposed by the U.S. government and its trading partners, the talent and compensation committee waited to establish the performance metrics and targets for its 2025 annual incentive program until later in the year.” · word for word

Key executive departures

“Ms. Chipman forfeited her fiscal 2025 target bonus opportunity when her employment with us ceased on June 6, 2025. ... Mr. Hill's employment with us ceased on February 3, 2026.” · word for word

Weak long-term performance relative to peers

“2023 PRSUs were earned at approximately 32% of target. ... Company TSR -60.2% (12th percentile) for first performance period.” · word for word

Tariff impact on guidance; company explicitly includes tariffs in place at start of fiscal year but excludes potential future changes.

“This outlook includes the expected impact of tariffs in place as we began the fiscal year and does not include the impact of share repurchases, if any.” · word for word

Loss of senior executive may impact operations

“Departure of George S. Hill; transition services for 90 days.”

Tariff risk mentioned but included in guidance.

“This outlook includes the expected impact of tariffs currently in place” · word for word

Tariff impact on cost of goods

“the direct and indirect impact of current and potential tariffs imposed, threatened and proposed by the United States on foreign imports, including, without limitation, the tariffs themselves, any counter-measures thereto and any indirect effects on consumer discretionary spending, which could increase the cost to us of certain products, lower our margins, i” · word for word

Supply chain disruption

“disruptions to the global supply chain, increased cost of freight, constraints on shipping capacity to transport inventory or the timely receipt of inventory” · word for word

Tariff impact included in outlook; potential headwind if tariffs increase further.

“This outlook includes the expected impact of tariffs currently in place.” · word for word