4 unchanged sentences
This performance graph and related information shall not be deemed “soliciting material” or to be “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any future filing under the Securities Act of 1933 or the Exchange Act, except to the extent that we specifically incorporate it by reference into such filing.
−Removed: The following graph compares the cumulative total shareholder return on our common stock from July 19, 2012 (the date our common stock commenced trading on the NASDAQ Global Select Market) through February 1, 2020 , with the return on (i) the NASDAQ Global Market Composite Index and (ii) the NASDAQ US Benchmark Retail Index over the same period.
+Added: The following graph compares the cumulative total shareholder return on our common stock from July 19, 2012 (the date our common stock commenced trading on the NASDAQ Global Select Market) through January 30, 2021, with the return on (i) the NASDAQ Global Market Composite Index and (ii) the NASDAQ US Benchmark Retail Index over the same period.
This graph assumes an initial investment of $100 and assumes the reinvestment of dividends, if any.
Such returns are based on historical results and are not intended to suggest future performance.
+Added: 7/19/2012 2/1/2013 1/31/2014 1/30/2015 1/29/2016 1/27/2017 2/2/2018 2/1/2019 1/31/2020 1/29/2021
FIVE BELOW, INC.
+Added: $ 100.00 $ 140.00 $ 138.30 $ 125.70 $ 132.90 $ 141.90 $ 237.50 $ 470.70 $ 427.20 $ 663.13
NASDAQ GLOBAL MARKET COMPOSITE INDEX $ 100.00 $ 107.20 $ 138.40 $ 156.30 $ 155.60 $ 190.90 $ 244.10 $ 244.90 $ 308.50 $ 440.70
5 unchanged sentences
The table below sets forth information regarding repurchases of our common stock during the fourth fiscal quarter of 2020:
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid Per Share
−Removed: Total Number of Shares Purchased As Part of a Publicly Announced Program (1)
+Added: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased As Part of a Publicly Announced Program (1)
Maximum Dollar Value of Shares that May Yet be Purchased Under the Program
1 unchanged sentence
November 1, 2020 - November 28, 2020 — $ — — 48,465,158
−Removed: December 1, 2019 - January 4, 2020
−Removed: January 5, 2020 - February 1, 2020
+Added: November 29, 2020 - January 2, 2021 — $ — — 48,465,158
+Added: January 3, 2021 - January 30, 2021 — $ — — 48,465,158
Fourth Quarter 2020 — $ — — 48,465,158
(1) On March 21, 2018, we announced that our Board of Directors approved a share repurchase program authorizing the repurchase of up to $100 million of our common stock through March 31, 2021.
+Added: On March 9, 2021, our Board of Directors approved a new share repurchase program for up to $100 million of our common shares through March 31, 2024.
This repurchase program does not include a specific timetable or price targets and may be suspended or terminated at any time.
Shares may be repurchased through open market or privately negotiated transactions at the discretion of management based on its evaluation of market conditions and other factors.
−Removed: Subsequent to February 1, 2020, we repurchased 137,023 shares under this program at an aggregate cost of approximately $12.7 million, or an average price of $92.42 per share.
SELECTED FINANCIAL DATA
The following table presents selected financial and other data as of and for the periods indicated.
−Removed: The selected financial data for fiscal 2019 , 2018 and 2017 and selected consolidated balance sheet data as of February 1, 2020 and February 2, 2019 have been derived from our consolidated financial statements audited by KPMG LLP, our independent registered public accounting firm, included elsewhere in this Annual Report .
−Removed: The selected financial data for fiscal 2016 and fiscal 2015 , and the selected balance sheet data as of February 3, 2018 , January 28, 2017 , and January 30, 2016 , have been derived from our audited consolidated financial statements that have not been included in this Annual Report .
+Added: The selected financial data for fiscal 2020, 2019 and 2018 and selected consolidated balance sheet data as of January 30, 2021 and February 1, 2020 have been derived from our consolidated financial statements audited by KPMG LLP, our independent registered public accounting firm, included elsewhere in this Annual Report.
+Added: The selected financial data for fiscal 2017 and fiscal 2016, and the selected balance sheet data as of February 2, 2019, February 3, 2018, and January 30, 2017, have been derived from our audited consolidated financial statements that have not been included in this Annual Report.
The historical results presented below are not necessarily indicative of the results to be expected for any future period.
2 unchanged sentences
The reporting periods contained in the following table consist of 53 weeks of operations in fiscal 2017 and 52 weeks of operations in each of fiscal 2020, 2019, 2018, and 2016, respectively.
+Added: 2020 2019 2018 2017 2016
(in millions, except share and per share data)
Consolidated Statements of Operations Data (1) :
+Added: Net sales $ 1,962.1 $ 1,846.7 $ 1,559.6 $ 1,278.2 $ 1,000.4
Cost of goods sold 1,309.8 1,172.8 994.5 814.8 643.4
+Added: Gross profit 652.3 674.0 565.1 463.4 357.0
Selling, general and administrative expenses 497.5 456.7 377.9 306.0 243.1
Operating income 154.8 217.3 187.2 157.4 114.0
−Removed: Interest income and other, net
+Added: Interest (expense) income and other, net (1.7) 4.3 4.6 1.5 0.3
Income before income taxes 153.1 221.6 191.8 158.8 114.3
Income tax expense 29.7 46.5 42.2 56.4 42.4
+Added: Net income $ 123.4 $ 175.1 $ 149.6 $ 102.5 $ 71.8
Per Share Data:
Basic income per common share (2)
+Added: $ 2.21 $ 3.14 $ 2.68 $ 1.86 $ 1.31
Diluted income per common share (2)
+Added: $ 2.20 $ 3.12 $ 2.66 $ 1.84 $ 1.30
Weighted average shares outstanding:
+Added: Basic shares 55,816,508 55,823,535 55,763,034 55,208,246 54,845,708
Diluted shares 56,060,039 56,166,167 56,220,864 55,561,472 55,128,870
+Added: 2020 2019 2018 2017 2016
(in millions, except total stores data)
6 unchanged sentences
Total stores at end of period 1,020 900 750 625 522
−Removed: Comparable sales growth
+Added: Comparable sales (decrease) increase (5.5) % 0.6 % 3.9 % 6.5 % 2.0 %
Average net sales per store (3)
+Added: $ 2.0 $ 2.2 $ 2.2 $ 2.2 $ 2.0
Capital expenditures $ 200.2 $ 212.3 $ 113.7 $ 67.8 $ 44.8
3 unchanged sentences
Total current assets 755.4 665.7 642.3 479.4 339.8
+Added: Total assets 2,314.8 1,958.7 952.3 695.7 500.5
Total current liabilities 435.7 351.3 253.1 164.5 116.6
3 unchanged sentences
(2) Please see Note 4 in our consolidated financial statements included elsewhere in this Annual Report for an explanation of per share calculations.
−Removed: Only includes stores open during the full fiscal year.
+Added: (3) Only includes stores open before the beginning of the fiscal year.
(4) Fiscal 2019 Consolidated Balance Sheet data includes adoption of ASU 2016-02 "Leases" based on the modified retrospective method.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.