Reuters news feed. “We’re proud to partner with Five Below - one of the fastest growing value retailers in the U.S. - to give customers access to Five Below’s incredible assortment of trendy and fun products for same-day delivery via the Instacart marketplace.”  Customers can begin shopping from Five Below on Instacart by visiting www.instacart.com/five-below, or by downloading the Instacart app on their mobile device. Five Below, a popular store focusing on products for $5 and under, is undergoing a colossal change: Its price point is going up for the first time in 17 years. the store of unlimited possibilities where tweens, teens and beyond find the newest, coolest stuff priced $1 to $5, plus some extreme deals up to $10! All rights reserved. A 16-year-old company, Five Below added 125 new locations in 2018. ET, Subscribe to Premium to view Fair Value for FIVE, Tween and teen brand now offering even more ways for customers to receive hot stuff. 11/11/2020 17:59:16 1-888-992-3836 Free Membership Login. The company's cutting-edge enterprise technology also powers the ecommerce platforms of some of the world's biggest retail players, supporting their white-label websites, applications and delivery solutions. Five Below, Inc. The company's organic growth, as measured by same-store sales, is also shrinking, which is "troubling," he added. The youth-focused retailer still sees plenty of room to double its store base over time. The Company expects to open 120 net new stores in 2020 to end the year with 1,020 stores.Conference Call Information: A conference call to discuss the third quarter and year to date period fiscal 2020 financial results is scheduled for today, December 2, 2020, at 4:30 p.m. Eastern Time. shop fivebelow.com & 1,000+ locations! FIVE BELOW, INC. Consolidated Balance Sheets (Unaudited) (in thousands)  October 31, 2020 February 1, 2020 November 2, 2019 Assets       Current assets:       Cash and cash equivalents $117,045  $202,490  $77,496  Short-term investment securities 96,749  59,229  54,072  Inventories 430,200  324,028  419,340  Prepaid income taxes and tax receivable 18,090  4,063  16,396  Prepaid expenses and other current assets 50,194  75,903  58,666  Total current assets 712,278  665,713  625,970  Property and equipment, net 522,214  439,086  400,129  Operating lease assets 928,739  842,988  794,350  Deferred income taxes —  —  2,283  Other assets 12,265  10,874  11,019    $2,175,496  $1,958,661  $1,833,751          Liabilities and Shareholders’ Equity       Current liabilities:       Line of credit $—  $—  $—  Accounts payable 237,647  130,242  188,061  Income taxes payable 1,031  9,505  831  Accrued salaries and wages 22,164  19,873  11,773  Other accrued expenses 99,489  81,255  91,304  Operating lease liabilities 136,513  110,470  105,834  Total current liabilities 496,844  351,345  397,803  Other long-term liabilities 1,918  1,199  1,250  Long-term operating lease liabilities 922,784  837,623  789,307  Deferred income taxes 4,408  8,716  —  Total liabilities 1,425,954  1,198,883  1,188,360  Shareholders’ equity:       Common stock 559  557  556  Additional paid-in capital 312,668  322,330  318,318  Retained earnings 436,315  436,891  326,517  Total shareholders’ equity 749,542  759,778  645,391    $2,175,496  $1,958,661  $1,833,751                FIVE BELOW, INC. Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share data) Thirteen Weeks Ended Thirty-Nine Weeks Ended  October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Net sales$476,614  $377,438  $1,103,623  $1,159,600  Cost of goods sold325,514  258,756  792,223  774,762  Gross profit151,100  118,682  311,400  384,838  Selling, general and administrative expenses126,851  105,997  326,205  311,655  Operating income (loss)24,249  12,685  (14,805) 73,183  Interest (expense) income and other (expense) income, net(660) 753  (1,017) 3,952  Income (loss) before income taxes23,589  13,438  (15,822) 77,135  Income tax expense (benefit)3,164  3,249  (15,246) 12,453  Net income (loss)$20,425  $10,189  $(576) $64,682  Basic income (loss) per common share$0.37  $0.18  $(0.01) $1.16  Diluted income (loss) per common share$0.36  $0.18  $(0.01) $1.15  Weighted average shares outstanding:        Basic shares55,851,780  55,672,796  56,004,072  55,855,526  Diluted shares56,099,328  56,019,736  56,004,072  56,208,718               FIVE BELOW, INC. Consolidated Statements of Cash Flows (Unaudited) (in thousands)  Thirty-Nine Weeks Ended   October 31, 2020 November 2, 2019 Operating activities:     Net (loss) income $(576) $64,682  Adjustments to reconcile net (loss) income to net cash provided by operating activities:     Depreciation and amortization 50,919  39,894  Share-based compensation expense 3,582  9,446  Deferred income tax (benefit) expense (4,308) 3,843  Other non-cash expenses 1,643  75  Changes in operating assets and liabilities:     Inventories (106,172) (175,704) Prepaid income taxes and tax receivable (14,027) (15,059) Prepaid expenses and other assets 30,784  326  Accounts payable 110,970  78,372  Income taxes payable (8,474) (19,795) Accrued salaries and wages 2,291  (12,813) Operating leases 25,453  9,660  Other accrued expenses 29,221  18,928  Net cash provided by operating activities 121,306  1,855  Investing activities:     Purchases of investment securities and other investments (120,033) (103,055) Sales, maturities, and redemptions of investment securities 77,513  127,093  Capital expenditures (149,270) (156,350) Net cash used in investing activities (191,790) (132,312) Financing activities:     Borrowing on note payable under Amended Revolving Credit Facility 50,000  —  Repayment of note payable under Amended Revolving Credit Facility (50,000) —  Cash paid for credit facility financing costs (1,755) —  Net proceeds from issuance of common stock 229  195  Repurchase and retirement of common stock (12,663) (36,885) Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units 3,017  3,186  Common shares withheld for taxes (3,789) (10,291) Net cash used in financing activities (14,961) (43,795) Net decrease in cash and cash equivalents (85,445) (174,252) Cash and cash equivalents at beginning of period 202,490  251,748  Cash and cash equivalents at end of period $117,045  $77,496            CONTACT: Investor Contact: Five Below, Inc. 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