Five Below, Inc. (FIVE) CEO Joel Anderson Presents at 2022 ICR Conference (Transcript)

Jan. 11, 2022 12:54 PM ETFive Below, Inc. (FIVE)
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Five Below, Inc. (NASDAQ:FIVE) 2022 ICR Conference January 10, 2022 10:00 AM ET

Company Participants

Joel Anderson - President & Chief Executive Officer

Kenneth Bull - Chief Financial Officer

Conference Call Participants

Simeon Gutman - Morgan Stanley

Simeon Gutman

Hi, everyone. This is Simeon Gutman, Morgan Stanley's Hardline, Broadline and Food Retail analyst. And it's my pleasure to be hosting or moderating this fireside chat with Five Below at the Virtual ICR conference. We're pleased to be joined by President and CEO, Joel Anderson; and CFO and Treasurer, Ken Bull. I'm going to start with a handful of questions.

So first, good morning, everyone. Thanks for joining us.

I saw the press release this morning. Congratulations on a great result. Can you walk us through some of the key drivers and how you were able to navigate through the supply chain?

Joel Anderson

Good morning, Simeon, and good morning, everybody. I love to do that Simeon. I wish we were in person, but certainly understand the circumstances. And it's good to be gathered here for ICR again. Look, it was a great quarter, holiday season for us, Simeon.

And you asked about supply chain specifically, and then I'll talk about some of the drivers.

As far as supply chain goes, we actually did -- the team did a really good job. It was certainly less speared than expected as far as it relates to Five Below. We've been working all year on bringing product in early, and that certainly paid off. That did arrive late, but we were able to quickly get it out of our distribution centers and into the stores and produced a great holiday season on top of last year's fantastic holiday season.

As far as drivers go, as you know, we have the Eight Worlds. And it was a

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