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References to "fiscal year 2026" or "fiscal 2026" refer to the period from February 1, 2026 to January 30, 2027, which consists of a 52-week fiscal year.
+Added: References to "fiscal year 2025" or "fiscal 2025" refer to the period from February 2, 2025 to January 31, 2026, which consists of a 52-week fiscal year.
References to "fiscal year 2024" or "fiscal 2024" refer to the period from February 4, 2024 to February 1, 2025, which consists of a 52-week fiscal year.
References to "fiscal year 2023" or "fiscal 2023" refer to the period from January 29, 2023 to February 3, 2024, which consists of a 53-week fiscal year.
−Removed: References to "fiscal year 2022" or "fiscal 2022" refer to the period from January 30, 2022 to January 28, 2023, which consists of a 52-week fiscal year.
−Removed: References to "fiscal year 2021" or "fiscal 2021" refer to the period from January 31, 2021 to January 29, 2022, which consists of a 52-week fiscal year.
−Removed: References to "fiscal year 2020" or "fiscal 2020" refer to the period from February 2, 2020 to January 30, 2021, which consists of a 52-week fiscal year.
References to 2026, 2025, 2024, and 2023 are to our fiscal years unless otherwise specified.
−Removed: Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond.
+Added: Five Below is a specialty value retailer offering trend-right, high-quality products loved by the kid and the kid in all of us.
We believe life is better when customers are free to “let go & have fun” in an amazing experience filled with unlimited possibilities.
We offer a dynamic, edited assortment of exciting products, most priced at $5 and below, including select brands and licensed merchandise across eight worlds:
−Removed: Style, Room, Sports, Tech, Create, Party, Candy and New & Now.
+Added: Candy, Style, Party, Room, Create, Tech, Sports and New & Now.
Based on our management’s experience and industry knowledge, we believe our customer-centric, experience-first, innovative approach to retail has led to a loyal customer base and has fostered universal appeal across a variety of age groups beyond our target demographic.
We opened the first Five Below store in the greater Philadelphia area in 2002 and, since then, have been expanding throughout the United States.
−Removed: As of February 1, 2025, we operated a total of 1,771 locations across 44 states.
+Added: As of January 31, 2026, we operated a total of 1,921 locations across 46 states.
Our new store model assumes a store size of approximately 9,500 square feet and is typically located within power, community and lifestyle shopping centers across a variety of urban, suburban and semi-rural markets.
−Removed: We opened 227 net new stores in fiscal 2024 and we plan to open approximately 150 new stores in fiscal 2025.
+Added: We opened 150 net new stores in fiscal 2025 and we plan to open approximately 150 net new stores in fiscal 2026.
We believe that we have the opportunity to grow our store base to more than 3,500 locations over time.
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We believe that our business model has resulted in strong financial performance when considered in light of the economic environment:
−Removed: • Our comparable sales decreased by 2.7% in fiscal 2024, increased by 2.8% in fiscal 2023, and decreased by 2.0% in fiscal 2022.
+Added: • Our comparable sales increased by 12.8% in fiscal 2025, decreased by 2.7% in fiscal 2024, and increased by 2.8% in fiscal 2023.
• We expanded our store base from 1,544 stores at the end of fiscal year 2023 to 1,921 stores at the end of fiscal year 2025, representing a compounded annual growth rate of 11.5%.
• Between fiscal 2023 and 2025, our net sales increased from $3.6 billion to $4.8 billion, representing a compounded annual growth rate of 15.7%.
−Removed: Over the same period, our operating income decreased from $345.0 million to $323.8 million.
+Added: Over the same period, our operating income increased from $385.6 million to $457.4 million, representing a compounded annual growth rate of 8.9%.
Our Competitive Strengths
We believe the following strengths differentiate Five Below from competitors and are the key drivers of our success:
−Removed: • Unique Focus on the Tween and Teen Customer.
−Removed: We target an attractive customer segment of tweens and teens with trend-right merchandise at differentiated price points.
+Added: • Unique Focus on our Target Customer Demographic.
+Added: We target our customers with trend-right merchandise at differentiated price points.
We have built our concept to appeal to this customer base, which we believe to be economically influential and resilient based on our industry knowledge and experience, as well as their parents and others who shop for them.
Our brand concept, merchandising strategy and store ambience work in concert to create an upbeat and vibrant retail experience that is designed to appeal to our target audience, drive traffic to our stores and website, and keep our customers engaged throughout their visits.
−Removed: We monitor trends in the ever-changing tween and teen markets and are able to quickly identify and respond to trends.
−Removed: Our price points enable tweens and teens to shop independently, often using their own money to make frequent purchases of items geared primarily to them and to exercise self-expression through their independent retail purchases.
+Added: We monitor trends in the ever-changing markets and are able to quickly identify and respond to trends.
+Added: Our price points enable our younger customers to shop independently, often using their own money to make frequent purchases of items geared primarily to them and to exercise self-expression through their independent retail purchases.
• Broad Assortment of Trend-Right, High-Quality Merchandise with Universal Appeal.
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• Grow Our Store Base.
−Removed: We believe there is significant opportunity to expand our store base throughout the United States from 1,771 locations as of February 1, 2025 to more than 3,500 l ocations within the United States over time.
+Added: We believe there is significant opportunity to expand our store base throughout the United States from 1,921 locations as of January 31, 2026 to more than 3,500 locations within the United States over time.
Based upon our strategy of store densification, we expect most of our near-term growth will occur within our existing markets, as well as new markets.
This strategy allows us to benefit from enhanced brand awareness and achieve operational efficiencies.
−Removed: We opened 204 net new stores in fiscal 2023 and 227 net new stores in fiscal 2024, and we plan to open approximately 150 new stores in fiscal 2025.
−Removed: Our new store model assumes approximately 9,500 square feet and is primarily in-line locations within power, community and lifestyle shopping centers across a variety of urban, suburban and semi-rural markets.
+Added: We opened 227 net new stores in fiscal 2024 and 150 net new stores in fiscal 2025, and we plan to open approximately 150 net new stores in fiscal 2026.
+Added: Our new store model assumes approximately 9,500 square feet and is primarily in locations within power, community and lifestyle shopping centers across a variety of urban, suburban and semi-rural markets.
We have a talented and disciplined real estate management team and a rigorous real estate site selection process.
We analyze the demographics of the surrounding trade areas and the performance of adjacent retailers, as well as traffic and specific site characteristics and other variables.
−Removed: As of February 1, 2025, we have executed lease agreements for the opening of 77 new stores in fiscal 2025.
+Added: As of January 31, 2026, we have executed lease agreements for the opening of 73 new stores in fiscal 2026.
• Drive Comparable Sales.
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We intend to increase our brand awareness through cost-effective marketing efforts and enthusiastic customer engagement.
−Removed: We believe that executing on these strategies will increase the frequency of purchases by our existing customers and attract new customers to our stores.
+Added: We believe that executing these strategies will increase the frequency of purchases by our existing customers and attract new customers to our stores.
• Increase Brand Awareness.
We have a cost-effective marketing strategy designed to promote brand awareness and drive store and website traffic.
−Removed: Our strategy predominantly includes the use of digital marketing, streaming video, seasonal campaigns, philanthropic and local community marketing to support existing and new market entries.
−Removed: We leverage our growing e-mail database, mobile website, mobile app and social media presence to drive brand engagement and increased store visits within existing and new markets.
+Added: Our strategy predominantly includes the use of digital advertising, influencer partnerships, seasonal campaigns, philanthropic and local community marketing to support existing and new market entries.
+Added: We leverage our growing e-mail database, mobile website, mobile app and social media presence to drive brand engagement and increase store visits within existing and new markets.
We believe that our digital experience is an extension of our brand and retail stores, serving as a marketing and customer engagement tool for us.
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Our Market Opportunity
−Removed: As a result of our unique merchandise offering and value proposition, we believe we have effectively tapped the tween and teen markets.
According to the U.S.
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Our Merchandise
−Removed: We offer a dynamic, edited assortment of trend-right, high-quality products, with most priced at $5 or below, including select brands and licensed merchandise, targeted at the tween and teen customer.
−Removed: We believe we are transforming the shopping experience of our target demographic with a unique merchandising strategy and high-energy retail concept that our customers consider fun and exciting.
+Added: We offer a dynamic, edited assortment of trend-right, high-quality products, with most priced at $5 or below, including select brands and licensed merchandise, with broad appeal for the kid and the kid in all of us.
+Added: We believe we offer a differentiated shopping experience with a unique merchandising strategy and high-energy retail concept that our customers consider fun and exciting.
Based on management’s experience and industry knowledge, we believe our compelling value proposition and the dynamic nature of our merchandise offering has fostered universal appeal to customers across a variety of age groups beyond our target demographic.
−Removed: Our typical store features in excess of 4,000 products across a number of our category worlds including Style , Room, Sports, Tech , Create , Party, Candy and New & Now .
+Added: Our typical store features in excess of 4,000 products across a number of our category worlds including Candy, Style , Party, Room, Create, Tech, Sports, and New & Now .
We focus our merchandising strategy on maintaining core categories within our stores but aim to generate high item velocity and sell-through to keep our assortment fresh and drive repeat visits.
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We organize the merchandise in our stores into the following category worlds:
+Added: Consists of an assortment of classic and novelty candy bars and movie-size box candy, seasonal-related candy as well as gum and snack food.
+Added: We also sell chilled drinks via coolers.
Consists primarily of apparel, accessories, and beauty products.
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Our style offering also includes an assortment of beauty products such as personal care essentials, skincare, fragrance, and branded cosmetics.
+Added: Consists of party goods, decorations, gag gifts and greeting cards, as well as every day and special occasion merchandise.
Consists of items used to complete and personalize our customer’s living space, including trendy lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture and related items.
We also offer storage options for the customer’s room.
−Removed: Consists of an assortment of sport balls, team sports merchandise and fitness accessories, including hand weights, jump ropes and gym balls.
−Removed: We also offer a variety of games, including name brand board games, puzzles, collectibles, and toys including remote control.
−Removed: In the summer season, our sports offering also includes pool, beach and outdoor toys, games, and accessories.
−Removed: Consists of a selection of accessories for cell phones, tablets, audio, computers, and automobiles.
−Removed: The offering includes cases, chargers, cables, headphones, and other related items.
−Removed: We also carry a range of affordable products for audio, gaming, and gadgets.
−Removed: We offer an assortment of craft activity kits, as well as arts and crafts supplies such as crayons, markers, and stickers.
−Removed: We also offer trend-right items for school such as backpacks, fashion notebooks and journals, novelty pens and pencils, locker accessories as well as everyday name brand items.
−Removed: Consists of party goods, decorations, gag gifts and greeting cards, as well as every day and special occasion merchandise.
−Removed: Consists of branded items that appeal to tweens and teens.
−Removed: This category includes an assortment of classic and novelty candy bars and movie-size box candy, seasonal-related candy as well as gum and snack food.
−Removed: We also sell chilled drinks via coolers.
+Added: Consists of a broad assortment of craft activity kits along with a wide range of arts and crafts supplies including markers, paint, canvas, compounds, slime, beads, and stickers.
+Added: Our selection also features trend-right craft activities and school supplies, many from leading national brands.
+Added: Consists of a wide assortment of products to keep you connected to your friends, your life, and your social world, such as cell phone cables and chargers, power banks, phone cases and accessories, screen protectors, auto phone accessories, and computer and tablet accessories.
+Added: We also carry a broad range of extreme value earbuds, headphones and speakers.
+Added: Consists of a wide assortment of sport balls, sports accessories and fitness products, including hand weights and yoga mats designed to support active lifestyles.
+Added: We also offer a broad assortment of toys, including brand name board games, puzzles, action figures, construction sets, remote control, collectibles, novelty toys and plush.
+Added: In the summer season, we expand our offering to include outdoor toys for the pool and beach.
• New & Now :
−Removed: Consists of seasonally specific items used to celebrate and decorate for events such as Christmas, Easter, Halloween, and St.
−Removed: Patrick’s Day.
−Removed: These products are most often placed at the front of the store.
+Added: Consists of seasonally relevant items curated to help the customer celebrate key occasions and milestones, such as Holiday, Easter, Halloween, Summer and Back to School.
+Added: These fresh, timely products are featured prominently to create an impact seasonal statement.
Set forth below is data for the following groups of products – leisure, fashion and home, and snack and seasonal.
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Snack and seasonal include items such as seasonal goods, greeting cards, candy and other snacks, and beverages.
−Removed: As of February 1, 2025, we operated 1,771 stores throughout the United States.
−Removed: Our new store model assumes a store size of approxim atel y 9,500 sq ua re feet.
+Added: As of January 31, 2026, we operated 1,921 stores throughout the United States.
+Added: Our new store model assumes a store size of approximately 9,500 square feet.
Our stores are primarily located in power, community, and lifestyle shopping centers;
approximately 4% of our stores are located in malls.
−Removed: The following map shows the number of stores in each of the states in which we operated and the locations of our shipcenters as of February 1, 2025.
+Added: The following map shows the number of stores in each of the states in which we operated and the locations of our shipcenters as of January 31, 2026.
Store Design and Layout
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All of our stores feature a sound system playing popular music throughout the shopping day.
−Removed: We employ novel and dynamic techniques to display our products, including distinctive merchandise fixtures and colorful and stimulating signage, which attract customers, encourage hands-on interaction with our products and convey our value pricing.
+Added: We employ novel and dynamic techniques to display our products, including distinctive merchandise fixtures with colorful and stimulating signage, which attract customers, encourage hands-on interaction with our products and convey our value pricing.
In addition to traditional perimeter and gondola shelving, racks and tables, we utilize innovative approaches such as wheelbarrows, oil drums and bins strategically placed throughout our stores.
−Removed: These techniques foster customer interaction with products, supporting the strong relationship we strive to develop with our customers and enhance our upbeat and vibrant shopping environment.
+Added: These techniques foster customer interaction with products, encourage customers to navigate the entire store while supporting the strong relationship we strive to develop with our customers and enhance our upbeat and vibrant shopping environment.
Each of our category worlds is strategically located within our stores in an effort to enhance the customer’s shopping experience.
−Removed: For example, ou r New & Now offerings are located in the front of the store with the goal of catching customers’ attention and being “top of mind,” and specially featured extreme value items and other key items that are positioned along the center aisle.
−Removed: Impulse items and “dollar value” items surround the checkout areas to capture add-on purchases.
+Added: For example, ou r New & Now offerings are located in the front of the store with the goal of catching customers’ attention and being “top of mind,” with specially featured extreme value and other key items that are positioned along the center aisle.
+Added: Impulse items and “dollar value” items surround the checkout areas to encourage and capture add-on purchases.
Expansion Opportunities and Site Selection
−Removed: Our unique focus on the tween and teen customer is supported by our real estate strategy to locate stores in high-visibility locations.
−Removed: We seek to operate stores in high-visibility, high-traffic retail venues, which reinforce our brand message, heighten brand awareness and drive customer traffic.
+Added: We seek to operate stores in high-visibility, high-traffic retail venues, in areas with young families with kids, which reinforce our brand message, heighten brand awareness and drive customer traffic.
Our strategy is to densify markets with clusters of stores because of the considerable benefit that stores derive from market concentration.
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We believe there is a significant opportunity to expand our store base in the United States.
−Removed: We opened 227 net new stores in fiscal 2024 and we plan to open approximately 150 new stores in fiscal 2025 through expansion in existing markets and by entering new markets.
−Removed: We maintain a pipeline of real estate sites that have been approved by our real estate committee and have executed 77 leases as of February 1, 2025 for new stores in fiscal 2025.
+Added: We opened 150 net new stores in fiscal 2025 and we plan to open approximately 150 net new stores in fiscal 2026 through expansion in existing markets and by entering new markets.
+Added: We maintain a pipeline of real estate sites that have been approved by our real estate committee and have executed 73 leases as of January 31, 2026 for new stores in fiscal 2026.
The actual number, location, and timing of new store openings in 2026 will depend on a number of factors, such as retail trends, competition, the general economic environment, and our ability to hire and retain new store managers and crew.
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Each of our stores is managed by a store manager and one or two assistant managers who oversee full-time and part-time crew within each store.
−Removed: Each store manager is responsible for the day-to-day operations of his or her store, including the unit’s operating results, maintaining a clean and appealing store environment and the hiring, training and development of crew.
−Removed: We also employ district managers who are responsible for overseeing the operations of 10 to 15 stores, on average, and regional directors who are responsible for overseeing the operations of our district managers.
+Added: Each store manager is responsible for the day-to-day operations of his or her store, including the unit’s operating results, customer service levels, maintaining a clean and appealing store environment and the hiring, training and development of crew.
+Added: We also employ district managers who are responsible for overseeing the operations of 10 to 15 stores, on average, regional directors who are responsible for overseeing the operations of our district managers, and divisional vice presidents who are responsible for overseeing the operations of our regional directors.
We are guided by a philosophy that recognizes strong sales performance and customer service, allowing us to identify and reward crew who meet our high-performance standards.
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We also recognize individual performance through internal promotions and provide extensive opportunities for advancement.
−Removed: Our crew are critical to achieving our goals, and we strive to hire talented people with high energy levels and motivation.
+Added: Our crew are critical to achieving our goals, and we strive to hire talented people with high energy levels and who are motivated to learn, grow and engage with our brand.
We have well-established store operating policies and procedures and an in-store training program for new store managers, assistant managers and store associates.
−Removed: In addition, we have a dedicated group of training and new store opening managers who are focused on ensuring a consistent new store opening and remodel process and who leverage their extensive experience and knowledge of Five Below to train new store managers.
−Removed: Our customer service and store procedure training programs are designed to enable crew to assist customers in a friendly manner and to help create a positive sales-driven environment as well as teach successful operating practices and procedures.
+Added: In addition, we have a dedicated group of training and new store opening managers who are focused on ensuring a consistent new store opening and remodel process and who leverage their extensive experience and knowledge of Five Below to deliver hands on training to all of our store managers.
+Added: Our customer service and store procedure training programs are designed to enable crew to assist customers in a friendly manner and to help create a positive sales-driven environment as well as teach successful merchandising, operating and people focused practices.
Merchandising, Sourcing and Distribution
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Merchandising
−Removed: Our merchandising team consists of a Senior Vice President of Merchandising, Product Design and Development, who reports directly to our Chief Executive Officer, and is supported by an extensive team of merchandising crew.
−Removed: Our merchandising team works directly with our product development team and our central planning and allocation group to ensure a consistent delivery of products across our store base.
−Removed: Our Senior Vice President of Merchandising, Product Design and Development has over 25 years of experience within the retail sector.
+Added: Our merchandising team consists of a Chief Merchandising Officer, who reports directly to our Chief Executive Officer, and is supported by an extensive team of merchandising crew.
+Added: Our merchandising team works directly with our product development team and our central planning and allocation group to ensure consistent delivery of products across our store base.
+Added: Our Chief Merchandising Officer has approximately 35 years of experience within the retail sector.
Our product development team works directly with our merchandising group to identify new and improved products through international sourcing and has significant experience within the retail sector.
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We also have the ability to employ an opportunistic buying strategy, when appropriate, capitalizing on selected excess inventory opportunities, to purchase complementary merchandise based on consumer trends, product availability and favorable economic terms.
−Removed: We work with ap proximately 1,000 vendo rs, with no single vendor representing more tha n 5% of our purchases in fiscal 2024.
−Removed: We sourced approxi mately 60% of our purchases from domestic vendors in fiscal 2024.
+Added: We work with ap proximately 1,000 vendors, with no single vendor representing more than 5% of our purchases in fiscal 2025.
+Added: We sourced approximately 60% of our purchase s from domestic vendors in fiscal 2025.
We typically have no long-term supply agreements or exclusive arrangements with our vendors.
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We realize cost savings by working with our vendors to streamline and reduce packaging to diminish shipping costs.
−Removed: For our direct-to-customer e-commerce business, we distribute our merchandise from our shipcenters in Buckeye, Arizona and Indianapolis, Indiana.
+Added: For our direct-to-customer e-commerce business, we distribute our merchandise from our shipcenter in Indianapolis, Indiana.
We generally ship merchandise from our shipcenters to our stores one to six times a week, depending on the season and the volume of a specific store.
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We began operating the shipcenter in June 2022.
−Removed: As a result of the significant expansion of our network of distribution facilities over the last several years, including the opening of our Indianapolis, Indiana shipcenter in June 2022, we ceased operations at our shipcenters in Olive Branch, Mississippi and Cincinnati, Ohio in the first half of fiscal 2022 as well as the e-commerce operations in our Pedricktown, New Jersey shipcenter in the first half of fiscal 2023.
+Added: As a result of the significant expansion of our network of distribution facilities over the last several years, including the opening of our Indianapolis, Indiana shipcenter in June 2022, we ceased operations at our shipcenters in Olive Branch, Mississippi and Cincinnati, Ohio in the first half of fiscal 2022 as well as the e-commerce shipcenter operations in our Pedricktown, New Jersey shipcenter in the first half of fiscal 2023 and in our Buckeye, Arizona shipcenter in the back half of fiscal 2025.
Marketing and Advertising
−Removed: Our cost-effective marketing strategy is designed to promote brand awareness, enhance customer engagement, and drive store and website traffic with our target demographic, as well as other value-oriented customers.
+Added: Our cost-effective marketing and advertising strategy is designed to promote brand awareness, enhance customer engagement, and drive store and website traffic with our target demographic, as well as other value-oriented customers.
Our marketing efforts focus on promoting our unique experience whether in-store, online, or through our mobile app.
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Our digital experience, anchored by our mobile e-commerce website, mobile app and social media presence is growing rapidly as we utilize Instagram, TikTok and Facebook to engage our customers with compelling digital content on a frequent basis.
−Removed: Our marketing team, which reports into our Chief Executive Officer, works with our merchandising team to develop novel and dynamic techniques to display our products, including distinctive merchandise fixtures and colorful and stimulating signage, which attract customers, encourage hands-on interaction with our quality products and convey our value pricing.
+Added: Our marketing team is led by a Chief Marketing and Omnichannel Officer, who reports directly to our Chief Executive Officer, and works with our merchandising team to develop novel and dynamic techniques to display our products, including distinctive merchandise fixtures and colorful and stimulating signage, which attract customers, encourage hands-on interaction with our quality products and convey our value pricing.
For new store openings, we seek to create community awareness and consumer excitement predominantly through digital advertising, public relations, community outreach and events promoting the grand opening.
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We also compete with online retailers who do not have traditional brick and mortar locations.
−Removed: The principal basis upon which we compete is by offering a dynamic, edited assortment of trend-right products, with most priced at $5 and below and also inclusive of select brands and licensed merchandise, targeted at the tweens, teens and beyond.
+Added: The principal basis upon which we compete is by offering a dynamic, edited assortment of trend-right products, with most priced at $5 and below and also inclusive of select brands and licensed merchandise, loved by the kid and the kid in all of us.
We believe we are transforming the shopping experience of our target demographic with a unique merchandising strategy and high-energy retail concept that our customers consider fun and exciting.
Our success also depends in substantial part on our ability to respond quickly to trends so that we can meet the changing demands of our customers.
−Removed: We believe that we compare favorably relative to many of our competitors based on our merchandising strategy, edited product assortment targeted at tweens and teens, store environment, flexible real estate strategy and company culture.
+Added: We believe that we compare favorably relative to many of our competitors based on our merchandising strategy, edited product assortment targeted at our customers, store environment, flexible real estate strategy and company culture.
Nonetheless, certain of our competitors have greater financial, distribution, marketing and other resources than we do.
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• Work Hard, Have Fun and Build a Career
−Removed: As of February 1, 2025, we employed approximately 7,300 full-time and 15,900 part-time crew.
+Added: As of January 31, 2026, we employed approximately 7,800 full-time and 16,800 part-time crew.
Of our total crew, approximately 600 were corporate, approximately 1,000 were based at our shipcenters in Pedricktown, New Jersey, Forsyth, Georgia, Conroe, Texas, Buckeye, Arizona, and Indianapolis, Indiana and approximately 23,000 were store crew located in 46 states throughout the United States.
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As an equal opportunity employer, we comply with all federal, state and local laws.
−Removed: This means that we make all employment decisions (such as who to recruit, hire, train, promote, transfer, and terminate, as well as compensation decisions) without considering an crew’s or applicant’s sex, race, religion, color, gender (including gender identity and gender expression), national origin, ancestry, physical or mental disability, medical condition, genetic information, marital status, registered domestic partner status, age, sexual orientation, military and veteran status or any other characteristic protected by federal, state or local law.
+Added: This means that we make all employment decisions (such as who to recruit, hire, train, promote, transfer, and terminate, as well as compensation decisions) without considering a crew’s or applicant’s sex, race, religion, color, gender (including gender identity and gender expression), national origin, ancestry, physical or mental disability, medical condition, genetic information, marital status, registered domestic partner status, age, sexual orientation, military and veteran status or any other characteristic protected by federal, state or local law.
We do not and will not tolerate harassment, discrimination, retaliation, and disrespectful or other unprofessional conduct against crew or any other covered persons based on any protected characteristic.
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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.