Counting Cash: How Much Does Five Below Make In A Day?
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| Five Below | Revenue 💲 | Profit 💰 |
|---|---|---|
| 💵 Per Year | $3,559,369,000.00 | $301,106,000.00 |
| 💵 Per Day | $9,751,695.89 | $824,947.95 |
| 💵 Per Hour | $406,320.66 | $34,372.83 |
| 💵 Per Second | $112.87 | $9.55 |
If you’ve ever wondered about the financial health of prominent discount retailers, you’re not alone. Today, we’re going to take a closer look at Five Below, a popular chain that sells products costing $5 or less, and uncover how much they actually make in a day.
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How much does Five Below Make In A Day?
In terms of daily earnings, Five Below’s revenue sits impressively at $9,751,695.89. This figure represents the total amount of money the company generates from its business activities. However, it’s crucial to remember that revenue doesn’t equate to profit.
So, let’s talk about profit, or net income, which is what’s left after all expenses, taxes, and costs have been deducted from the total revenue. Five Below’s daily net income comes to about $824,947.95. This is the amount that truly ends up in the company’s pocket at the end of the day.
Breaking It Down Further
If we break down these figures further, we see that Five Below makes about $406,320.66 in revenue every hour and about $112.87 per second. That’s quite a lot of $5 items flying off the shelves! In terms of net income, the company makes $34,372.83 hourly and $9.55 every second.
These figures are based on data from January 31, 2023, to January 31, 2024, and provide a snapshot of the company’s financial performance during this period.
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Unraveling the Numbers
In the grand scheme of things, Five Below’s total revenue for this period was an impressive $3,559,369,000.00, with a net income of $301,106,000.00. These figures demonstrate the company’s ability to effectively generate sales and manage their expenses, resulting in a significant profit.
Every Penny Counts
So, the next time you walk into a Five Below store, remember that every $5 item contributes to the millions of dollars the company makes each day. It’s a testament to the power of volume sales and strategic pricing in the retail industry.