MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock is listed on the Nasdaq Global Select Market under the symbol “FIVE.” On January 27, 2023 (the last trading day of fiscal 2022), the last reported sale price on the Nasdaq Global Select Market of our common stock was $195.23 per share.
+Added: Our common stock is listed on the Nasdaq Global Select Market under the symbol “FIVE.” On February 2, 2024 (the last trading day of fiscal 2023), the last reported sale price on the Nasdaq Global Select Market of our common stock was $181.11 per share.
As of March 8, 2024, we had approximately 258,974 holders of record of our common stock.
1 unchanged sentence
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 January 28, 2023, 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 February 3, 2024, 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.
15 unchanged sentences
November 26, 2023 - December 30, 2023 — $ — — $ 100,000,000
−Removed: January 1, 2023 - January 28, 2023 — $ — — $ 100,000,000
+Added: December 31, 2023 - February 3, 2024 — $ — — $ 100,000,000
Fourth Quarter 2023 — $ — — $ 100,000,000
4 unchanged sentences
On June 14, 2022, our Board of Directors approved a new share repurchase program for up to $100 million of our comm stock through June 30, 2025.
+Added: This program was retired on November 27, 2023.
+Added: On November 27, 2023, our Board of Directors approved a new share repurchase program for up to $100 million of our common shares through November 27, 2026.
This repurchase program does not include a specific timetable or price targets and may be suspended or terminated at any time.
2 unchanged sentences
The following table presents selected financial and other data as of and for the periods indicated.
−Removed: The selected financial data for fiscal 2022, 2021 and 2020 and selected consolidated balance sheet data as of January 28, 2023 and January 29, 2022 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 2019 and fiscal 2018, and the selected balance sheet data as of January 30, 2021, February 1, 2020, and February 2, 2019, 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 2023, 2022 and 2021 and selected consolidated balance sheet data as of February 3, 2024 and January 28, 2023 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 2020 and fiscal 2019, and the selected balance sheet data as of January 29, 2022, January 30, 2021, and February 1, 2020, 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.
1 unchanged sentence
We operate on a fiscal calendar that results in a given fiscal year consisting of a 52- or 53-week period ending on the Saturday closest to January 31 st of the following year.
−Removed: The reporting periods contained in the following table consist of 52 weeks of operations in each of fiscal 2022, 2021, 2020, 2019, and 2018 respectively.
+Added: The reporting periods contained in the following table consist of 53 weeks of operations in fiscal 2023 and 52 weeks of operations in each of fiscal 2022, 2021, 2020, and 2019, respectively.
2023 2022 2021 2020 2019
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Net sales $ 3,559.4 $ 3,076.3 $ 2,848.4 $ 1,962.1 $ 1,846.7
−Removed: Cost of goods sold 1,980.8 1,817.9 1,309.8 1,172.8 994.5
−Removed: Gross profit 1,095.5 1,030.4 652.3 674.0 565.1
+Added: Cost of goods sold (exclusive of items shown separately below) 2,285.5 1,980.8 1,817.9 1,309.8 1,172.8
Selling, general and administrative expenses 757.5 644.8 565.7 428.2 401.7
+Added: Depreciation and amortization 130.7 105.6 84.8 69.3 55.0
Operating income 385.6 345.0 379.9 154.8 217.3
20 unchanged sentences
Total stores at end of period 1,544 1,340 1,190 1,020 900
−Removed: Comparable sales (decrease) increase (2.0) % 30.3 % (5.5) % 0.6 % 3.9 %
+Added: Comparable sales increase (decrease) 2.8 % (2.0) % 30.3 % (5.5) % 0.6 %
Average net sales per store (3)
$ 2.5 $ 2.4 $ 2.5 $ 2.0 $ 2.2
+Added: Gross margin (4)
+Added: 35.8 % 35.6 % 36.2 % 33.2 % 36.5 %
Capital expenditures $ 335.1 $ 252.0 $ 288.2 $ 200.2 $ 212.3
10 unchanged sentences
(3) Only includes stores open before the beginning of the fiscal year.
+Added: (4) Gross margin is equal to our net sales less our cost of goods sold as a percentage of our net sales.
(5) 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.