[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the significance of Five Below's presence in India?
### Assistant: The significance of Five Below's presence in India is to have a presence on the ground to work directly with factories overseas, develop amazing products, and bring them to market at disruptive and distorted value.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below use its digital marketing investments to drive customer traffic?
### Assistant: Five Below uses its digital marketing investments to drive customer traffic by conducting successful campaigns, using data analytics to understand audiences, segment and optimize investments, and leveraging social media platforms and influencers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below incorporate newness and value in its merchandise-driven organization?
### Assistant: Five Below incorporates newness and value in its merchandise-driven organization by relentlessly pursuing trends, scouring the globe for new products, and offering disruptive and distorted value to customers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were Five Below's financial results in the first quarter of 2023?
### Assistant: Five Below's financial results in the first quarter of 2023 were as follows:


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much did Five Below's sales increase in the first quarter of 2023 compared to the first quarter of 2022?
### Assistant: Five Below's sales increased by 13.5% in the first quarter of 2023 compared to the first quarter of 2022.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the growth rate of Five Below's total sales in the first quarter of 2023 compared to 2019?
### Assistant: The growth rate of Five Below's total sales in the first quarter of 2023 compared to 2019 was approximately 19% compounded annual growth rate.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Five Below's comparable sales change in the first quarter of 2023?
### Assistant: Five Below's comparable sales increased by 2.7% in the first quarter of 2023. This increase was driven by a comp transaction increase of 3.9%, partially offset by a comp ticket decline of 1.2%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many new stores did Five Below open in the first quarter of 2023?
### Assistant: Five Below opened 27 new stores across 19 states in the first quarter of 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many stores did Five Below have at the end of the first quarter of 2023 compared to the end of the first quarter of 2022?
### Assistant: Five Below had 1,367 stores at the end of the first quarter of 2023, which is an increase of 142 stores or approximately 12% compared to the end of the first quarter of 2022.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Five Below's gross profit in the first quarter of 2023?
### Assistant: Five Below's gross profit in the first quarter of 2023 was $234.8 million.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Five Below's gross margin in the first quarter of 2023 compare to the first quarter of 2022?
### Assistant: Five Below's gross margin in the first quarter of 2023 was flat at 32.3% compared to the first quarter of 2022.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the percentage of sales for SG&A in the first quarter of 2023?
### Assistant: The percentage of sales for SG&A (Selling, General, and Administrative) expenses in the first quarter of 2023 was approximately 26.5%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the factors that drove the increase in SG&A expenses for Five Below in the first quarter of 2023?
### Assistant: The increase in SG&A expenses for Five Below in the first quarter of 2023 was primarily driven by a planned increase in marketing expense and higher costs in certain store-related expenses.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Five Below's operating profit in the first quarter of 2023?
### Assistant: Five Below's operating profit in the first quarter of 2023 was $42.4 million.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Five Below's operating margin in the first quarter of 2023 compare to the first quarter of 2022?
### Assistant: Five Below's operating margin in the first quarter of 2023 decreased approximately 80 basis points to 5.8% compared to the first quarter of 2022.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Five Below's net interest income in the first quarter of 2023?
### Assistant: Five Below's net interest income in the first quarter of 2023 was $3.65 million.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Five Below's effective tax rate in the first quarter of 2023 compare to the first quarter of 2022?
### Assistant: Five Below's effective tax rate in the first quarter of 2023 was 18.6%, which decreased from 22.3% in the first quarter of 2022. This decrease was primarily due to a higher benefit from share-based accounting in 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was Five Below's net income in the first quarter of 2023?
### Assistant: Five Below's net income in the first quarter of 2023 was $37.5 million.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were Five Below's earnings per diluted share in the first quarter of 2023?
### Assistant: Five Below's earnings per diluted share in the first quarter of 2023 were $0.67.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much cash, cash equivalents, and investments did Five Below have at the end of the first quarter of 2023?
### Assistant: Five Below had $424 million in cash, cash equivalents, and investments at the end of the first quarter of 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Did Five Below have any debt at the end of the first quarter of 2023?
### Assistant: No, Five Below did not have any debt at the end of the first quarter of 2023. There was nothing outstanding on their $225 million line of credit.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much inventory did Five Below have at the end of the first quarter of 2023 compared to the end of the first quarter of 2022?
### Assistant: Five Below had $534 million in inventory at the end of the first quarter of 2023, compared to $504 million at the end of the first quarter of 2022.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Five Below's average inventory on a per-store basis change in the first quarter of 2023 compared to the first quarter of 2022?
### Assistant: Five Below's average inventory on a per-store basis decreased approximately 5% in the first quarter of 2023 compared to the first quarter of 2022. This decrease was due to strategic ordering of inventory earlier in the previous year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below expect net sales to be in the second quarter of 2023?
### Assistant: Five Below expects net sales to be in the range of $755 million to $765 million in the second quarter of 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected increase in net sales for Five Below in the second quarter of 2023?
### Assistant: The expected increase in net sales for Five Below in the second quarter of 2023 is approximately 12.9% to 14.4%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the range of net sales expected for Five Below in the second quarter of 2023?
### Assistant: The range of net sales expected for Five Below in the second quarter of 2023 is $755 million to $765 million.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the projected growth rate for net sales for Five Below in the second quarter of 2023?
### Assistant: The projected growth rate for net sales for Five Below in the second quarter of 2023 is approximately 12.9% to 14.4%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below expect to be positioned for the second quarter of 2023 in terms of inventory?
### Assistant: Five Below expects to be well positioned for the second quarter of 2023 in terms of inventory. They are pleased with the current level and quality of their inventory going into the summer season.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many new stores does Five Below plan to open in the second quarter of this year?
### Assistant: Five Below plans to open approximately 40 new stores in the second quarter of this year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the sales growth rate for Five Below in the four-year period since 2019?
### Assistant: The sales growth rate for Five Below in the four-year period since 2019 is expected to show an approximate 16% compounded annual growth rate.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected comp sales increase for the second quarter of this year?
### Assistant: The expected comp sales increase for the second quarter of this year is in the range of 2% to 3%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why was the cadence of opening new stores slower in the first half of this year?
### Assistant: The slower cadence of opening new stores in the first half of this year was primarily due to permitting- and landlord-related delays.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected operating margin for the second quarter of 2023?
### Assistant: The expected operating margin for the second quarter of 2023 is 7.5% to 7.9%, with a deleverage of approximately 70 basis points at the midpoint.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much is the expected net interest income for the second quarter?
### Assistant: The expected net interest income for the second quarter is approximately $4 million.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected tax rate for the second quarter?
### Assistant: The expected tax rate for the second quarter is approximately 26%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected diluted earnings per share for the second quarter of fiscal 2023?
### Assistant: The expected diluted earnings per share for the second quarter of fiscal 2023 are $0.80 to $0.85, compared to $0.74 in the second quarter of 2022.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the projected total sales growth for the second half of the year?
### Assistant: The projected total sales growth for the second half of the year is expected to be in the high teens on a four-year CAGR basis, similar to the first half.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected comparable sales increase in the second half of the year?
### Assistant: The expected comparable sales increase in the second half of the year is currently assumed to be in a low single-digit range.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much is the expected sales and EPS impact from the 53rd week in fiscal 2023?
### Assistant: The 53rd week in fiscal 2023 is expected to add approximately $40 million in sales and approximately $0.08 in EPS.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many new stores does Five Below plan to open in 2023?
### Assistant: Five Below plans to open over 200 new stores in 2023.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the projected unit growth for Five Below in 2023?
### Assistant: The projected unit growth for Five Below in 2023 is approximately 15%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What factors contribute to the slight leverage in operating margin for the full year?
### Assistant: The slight leverage in operating margin for the full year is driven by lower freight costs, offset in part by lapping lower incentive compensation and certain one-time cost management strategies implemented last year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below expect its net interest income to change this year?
### Assistant: Five Below expects its net interest income to increase this year due to higher year-over-year interest rates.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the projected effective tax rate for 2023?
### Assistant: The projected effective tax rate for 2023 is approximately 25%, assuming a higher effective tax rate of approximately 26% for the second half of the year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected net income range for 2023?
### Assistant: The expected net income range for 2023 is $297 million to $319 million, representing a growth rate of approximately 13.5% to 22.1% over 2022.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the projected growth rate for diluted earnings per share in 2023?
### Assistant: The projected growth rate for diluted earnings per share in 2023 is 13.2% to 21.7%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the growth rate for diluted earnings per share compare on a 52-week comparative basis?
### Assistant: On a 52-week comparative basis, the growth for diluted earnings per share is implied to be 11.5% to 20%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How much does Five Below plan to spend on gross capex?
### Assistant: Five Below plans to spend approximately $335 million in gross capex, excluding the impact of tenant allowances.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the reasons for the capex spending plan?
### Assistant: The capex spending plan includes opening over 200 new stores, converting over 400 store locations, expanding distribution centers, and investing in systems and infrastructure.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Five Below perform in the first quarter against its outlooks?
### Assistant: Five Below delivered first-quarter results within the range of its outlooks, despite a difficult macro backdrop.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What operational progress did Five Below make against key strategic objectives?
### Assistant: Five Below made important operational progress against key strategic objectives in the first quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the details related to Five Below's results and guidance?
### Assistant: For details related to Five Below's results and guidance, please refer to their earnings press release.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can you provide more information on the question-and-answer session?
### Assistant: The question-and-answer session will be conducted by the operator, and participants can ask questions related to the information provided in the call.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Below been impacted by the strain on the consumer across the retail landscape?
### Assistant: Five Below has been impacted by the strain on the consumer across the retail landscape, with customers citing basket pressure and weakness in their spending patterns.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can you provide insight into Five Below's quarter and how their customers are handling basket pressure?
### Assistant: Five Below's quarter showed a strong transaction-led performance, indicating that customers are rebalancing their balance sheets and adjusting their spending patterns. The company believes that it has become part of their new routines.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Below's customer base been affected by the current economic conditions?
### Assistant: Five Below's customer base has been affected by the current economic conditions, with customers facing strain and pressure on their budgets. However, the company believes that its extreme value proposition and focus on kids' products make it less likely for customers to cut out their spending on Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What role does Five Below play in their customers' spending patterns during tough times?
### Assistant: Five Below plays a role in its customers' spending patterns during tough times by offering trend-right and extreme value products. The company believes that customers prioritize spending on their kids, and Five Below provides affordable options for them.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did Easter impact Five Below's quarter?
### Assistant: Easter had a positive impact on Five Below's quarter, but there was a softening in sales post-Easter. The company has observed a trend where customers buy closer to events, similar to what happened with Halloween last year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Have trends returned to pre-pandemic levels for Five Below?
### Assistant: Trends have started to return to more normal pre-pandemic levels for Five Below. The company has seen improvements and believes that the peak of the headwinds is behind them.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the end-of-the-month cycle affect Five Below's sales?
### Assistant: The end-of-the-month cycle affects Five Below's sales, with sales getting softer towards the end of the month and picking up at the beginning of the month.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below's focus on extreme value benefit them in both tough and strong economic times?
### Assistant: Five Below's focus on extreme value benefits them in both tough and strong economic times. The company believes that customers prioritize spending on their kids, and Five Below provides affordable options for them.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Has Five Below seen an improvement in their quarter compared to previous periods?
### Assistant: Five Below has seen an improvement in their quarter compared to previous periods, with a strong transaction-led performance indicating positive momentum.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are the peak headwinds behind Five Below?
### Assistant: According to Five Below, the peak headwinds are behind them, suggesting that they expect improved performance going forward.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How have declines in average ticket affected Five Below's business?
### Assistant: Declines in average ticket have affected Five Below's business, but they have been relatively small. The company notes that post-pandemic, there were extreme increases in ticket, and the current declines are still higher than pre-pandemic levels.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When do you expect average ticket to shift into positive territory for Five Below?
### Assistant: It is unclear when average ticket will shift into positive territory for Five Below given the current environment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How have post-pandemic increases in ticket impacted Five Below's current declines?
### Assistant: Post-pandemic increases in ticket have impacted Five Below's current declines, as the current declines are still higher than pre-pandemic levels.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is Five Beyond contributing to an increase in transactions for Five Below?
### Assistant: Five Beyond, a new offering from Five Below, is contributing to an increase in transactions for the company. The newness of the store and the additional offerings attract customers and give them more reasons to visit Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What role does Five Beyond play in attracting customers to Five Below stores?
### Assistant: Five Beyond plays a role in attracting customers to Five Below stores by providing additional offerings and reasons to visit the stores.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Beyond impacted Five Below's overall business performance?
### Assistant: Five Beyond has contributed to the overall increase in transactions for Five Below, driving growth for the company.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below plan to leverage Five Beyond to drive growth?
### Assistant: Five Below plans to leverage Five Beyond to drive growth by continuing to offer new and exciting products and experiences to attract customers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Has Five Beyond been successful in driving customer visits to Five Below?
### Assistant: It is not specified in the given text whether Five Beyond has been successful in driving customer visits to Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Beyond differentiate Five Below from other retailers?
### Assistant: Five Beyond differentiates Five Below from other retailers by offering unique and exciting products and experiences that attract customers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Beyond influenced customer behavior at Five Below?
### Assistant: Five Beyond has influenced customer behavior at Five Below by providing additional reasons to visit the stores and increasing transaction numbers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the significance of Five Beyond in Five Below's overall strategy?
### Assistant: Five Beyond is significant in Five Below's overall strategy as it contributes to growth and attracts customers to the stores.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below plan to capitalize on the newness of Five Beyond in their stores?
### Assistant: Five Below plans to capitalize on the newness of Five Beyond in their stores by continuing to offer new and exciting products and experiences to attract customers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Beyond contributed to the overall increase in transactions for Five Below?
### Assistant: Five Beyond has contributed to the overall increase in transactions for Five Below by providing additional reasons for customers to visit the stores.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How do customers perceive Five Beyond in relation to their shopping experience at Five Below?
### Assistant: It is not specified in the given text how customers perceive Five Beyond in relation to their shopping experience at Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below plan to sustain the positive impact of Five Beyond on their business?
### Assistant: Five Below plans to sustain the positive impact of Five Beyond on their business by continuing to offer new and exciting products and experiences to attract and retain customers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the name of the company mentioned in the text?
### Assistant: The company mentioned in the text is Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is the President and Chief Executive Officer of Five Below?
### Assistant: The President and Chief Executive Officer of Five Below is Joel Anderson.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which company is Matthew Boss from?
### Assistant: Matthew Boss is from JPMorgan Chase and Company.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the role of Ken Bull in Five Below?
### Assistant: Ken Bull is the Chief Operating Officer, Chief Financial Officer, and Treasurer of Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What was the performance of Seven out of Eight worlds in the quarter?
### Assistant: Seven out of Eight worlds had a strong performance in the quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which world had negative comps in the quarter?
### Assistant: The tech world had negative comps in the quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What were the leaders of the quarter in terms of performance?
### Assistant: Candy, snack, beverages, and HBA were the leaders of the quarter in terms of performance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the store productivity performance of Five Below?
### Assistant: The store productivity performance of Five Below has been the best in two years.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Which stores hit records for Spring grand opening performance?
### Assistant: Some stores hit records for Spring grand opening performance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected store productivity as the year progresses?
### Assistant: The expected store productivity is to continue improving and reach 90% as the year progresses.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Who is David Bellinger with?
### Assistant: David Bellinger is with ROTH MKM.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Where did Five Below acquire the majority of their leases from?
### Assistant: The majority of leases were acquired from Tuesday morning.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the square footage of the acquired stores?
### Assistant: The acquired stores have a little more square footage, mostly in excess of 10,000 square feet.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is Five Below considering a larger store format?
### Assistant: While there is no immediate plan for a larger store format, Five Below continues to innovate with their prototype.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the current prototype size of Five Below stores?
### Assistant: The current prototype size of Five Below stores is close to 10,000 square feet.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Beyond been set up for growth?
### Assistant: Five Beyond has been set up for growth by allowing the backwall to be pushed back to accommodate new classifications.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is an example of a classification that has been built by Five Below?
### Assistant: Pets is an example of a classification that has been built by Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the next couple of years focused on for Five Below?
### Assistant: The next couple of years are focused on massive conversions to the current prototype.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Where was the prototype shared with all of the investors?
### Assistant: The prototype was shared with all investors in Pembroke, Florida.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is there an opportunity to keep growing the prototype in the future?
### Assistant: There is a potential opportunity to keep growing the prototype in the future.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the retail pressure that is widely heard across the industry?
### Assistant: The widely heard retail pressure across the industry is shrinkage.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the role of shrinkage in the retail industry?
### Assistant: Shrinkage refers to the loss of inventory due to theft, damage, or other factors.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Below managed shrinkage?
### Assistant: Five Below has managed shrinkage effectively.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the strategy for managing shrinkage in the future?
### Assistant: The strategy for managing shrinkage in the future is not mentioned in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below differentiate itself from other retailers in terms of shrinkage management?
### Assistant: Five Below differentiates itself from other retailers in terms of shrinkage management by effectively controlling and minimizing shrinkage.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has shrink impacted Five Below's performance?
### Assistant: The text does not explicitly state how shrink has impacted Five Below's performance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What measures has Five Below taken to mitigate shrink?
### Assistant: Five Below has taken preventative measures to mitigate shrink.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Has Five Below changed its return policy to address shrink?
### Assistant: Yes, Five Below has changed its return policy as a measure to address shrink.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has shrink affected Five Below's fourth quarter?
### Assistant: Shrink had an impact on Five Below's fourth quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is shrink included in Five Below's guidance for this year?
### Assistant: Yes, shrink is included in Five Below's guidance for this year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are there any differences in shrink compared to last year?
### Assistant: The text does not provide information on any differences in shrink compared to last year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has shrink impacted Five Below's financials in terms of basis points?
### Assistant: The text does not provide specific information on how shrink has impacted Five Below's financials in terms of basis points.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is Five Beyond still providing a mid single-digit lift to Five Below?
### Assistant: The text does not provide information on whether Five Beyond is still providing a mid single-digit lift to Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is there a risk of the lift from Five Beyond moderating in the future?
### Assistant: The text does not mention any risk of the lift from Five Beyond moderating in the future.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How quickly does Five Below see the lift from Five Beyond conversions?
### Assistant: Five Below sees the lift from Five Beyond conversions almost immediately.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is the mid single-digit lift from Five Beyond expected to continue?
### Assistant: The text states that the mid single-digit lift from Five Beyond is expected to continue.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can Five Below accelerate the number of Five Beyond conversions?
### Assistant: Five Below may be able to accelerate the number of Five Beyond conversions, but it is not currently planned due to resource allocation.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the plan for Five Beyond conversions for the rest of the year?
### Assistant: The plan for Five Beyond conversions for the rest of the year is not mentioned in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the team responsible for conversions impact new store openings?
### Assistant: The team responsible for conversions also handles new store openings, and their allocation of resources impacts the timing of conversions and new store openings.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How many new stores does Five Below plan to open in the back half of the year?
### Assistant: The text does not provide the specific number of new stores Five Below plans to open in the back half of the year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the back-half opening of new stores compare to previous years?
### Assistant: The back-half opening of new stores is expected to be larger than previous years, with about one-third of new stores opening in the front half and two-thirds opening in the back half.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Will the tech world reset move Five Below back into positive territory?
### Assistant: The text suggests that the tech world reset may move Five Below back into positive territory.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What improvements has Five Below seen in the tech world category?
### Assistant: The text mentions that Five Below has seen some improvement in the tech world category.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is there a bigger reset coming for the tech world category?
### Assistant: The text mentions that there is a bigger reset coming for the tech world category in the fall.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are there any changes happening with the Apple release that will benefit Five Below?
### Assistant: The text suggests that there may be changes happening with the Apple release that will benefit Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When can we expect to see the improvements from the tech world reset?
### Assistant: The improvements from the tech world reset are expected to be seen in the second half of Q3 and the all-important fourth quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the second half of Q3 and the fourth quarter look for Five Below?
### Assistant: The second half of Q3 and the fourth quarter are expected to show improvements for Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the Apple release impacted Five Below's performance?
### Assistant: The text does not provide information on how the Apple release has impacted Five Below's performance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the outlook for Five Below's performance in the all-important fourth quarter?
### Assistant: The outlook for Five Below's performance in the all-important fourth quarter is not explicitly stated in the text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Below's performance been affected by the macro background?
### Assistant: The text does not provide information on how Five Below's performance has been affected by the macro background.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the comp cadence for Five Below?
### Assistant: The comp cadence for Five Below is not explicitly mentioned in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the Q2 comparison for Five Below look on a year-on-multi-year basis?
### Assistant: The Q2 comparison for Five Below on a year-on-multi-year basis is described as the easier comparison of the year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Does Five Below expect acceleration in the back half of the year?
### Assistant: Five Below does expect acceleration in the back half of the year, but specific details are not provided.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What products is Joel Anderson excited about from a holiday perspective for Five Below?
### Assistant: Joel Anderson, the President and CEO of Five Below, mentions that he is not ready to discuss the specific products they are excited about from a holiday perspective at this point in time.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the first half comp for Five Below compare to the second half comp on a four-year total sales CAGR basis?
### Assistant: The first half comp for Five Below is stated to be very similar to the second half comp on a four-year total sales CAGR basis.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is the Q2 forecast for Five Below in line with the midpoint of Q1?
### Assistant: The Q2 forecast for Five Below is described as being in line with the midpoint of Q1.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can Five Below provide any insights on trends they are chasing in the back half of the year?
### Assistant: Five Below does not provide any insights on the trends they are chasing in the back half of the year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How is May performing for Five Below compared to the 2% to 3% comp count for Q2?
### Assistant: The performance of May for Five Below is not explicitly mentioned in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Did the compares get harder for Five Below as they moved through Q2 last year?
### Assistant: It is mentioned that the compares for Five Below got harder as they moved through Q2 last year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Were all three months in Q2 last year relatively in line with each other in terms of comp perspective for Five Below?
### Assistant: All three months in Q2 last year were relatively in line with each other in terms of comp perspective for Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Why was the top end of the annual comp guidance for Five Below lowered by a point?
### Assistant: The top end of the annual comp guidance for Five Below was lowered by a point.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is there something new that Five Below is seeing now that led to the adjustment in the comp guidance?
### Assistant: The specific reason for the adjustment in the comp guidance for Five Below is not provided.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is the adjustment in the comp guidance for Five Below more mechanical or based on new expectations for the back half of the year?
### Assistant: It is not specified whether the adjustment in the comp guidance for Five Below is more mechanical or based on new expectations for the back half of the year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can Five Below provide any insights on the changes in the business or anomalies anniversaries from last year that were considered in the guidance for Q2?
### Assistant: Five Below does not provide any insights on the changes in the business or anomalies anniversaries from last year that were considered in the guidance for Q2.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How did inflation impact the comp perspective for Five Below last year?
### Assistant: The impact of inflation on the comp perspective for Five Below last year is mentioned, but specific details are not provided.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can Five Below provide any insights on the customer behavior during Q2 last year?
### Assistant: There is no information provided on the customer behavior during Q2 last year for Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the current guidance for Q2 align with the expectations for the business changes and anomalies anniversaries from last year for Five Below?
### Assistant: The current guidance for Q2 for Five Below is stated to be relatively consistent with the expectations for the business changes and anomalies anniversaries from last year.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can Five Below provide any insights on the factors that led to a slight deceleration in comp last year during Q2?
### Assistant: The factors that led to a slight deceleration in comp last year during Q2 for Five Below are not specified.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the previous comp guidance range for Five Below?
### Assistant: The previous comp guidance range for Five Below was 1% to 4%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the updated comp guidance range for Five Below?
### Assistant: The updated comp guidance range for Five Below is 1% to 3%.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the reasoning behind bringing down the high end of the comp guidance range for Five Below?
### Assistant: The high end of the comp guidance range for Five Below was brought down, but the specific reasoning behind it is not provided.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can Five Below provide any insights on the factors that led to the adjustment in the comp guidance range?
### Assistant: The factors that led to the adjustment in the comp guidance range for Five Below are not mentioned.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the adjusted comp guidance range for Five Below impact their overall annual performance expectations?
### Assistant: The adjusted comp guidance range for Five Below may impact their overall annual performance expectations, but the specific impact is not discussed.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Can Five Below provide any insights on the factors that influenced the decision to adjust the comp guidance range?
### Assistant: The factors that influenced the decision to adjust the comp guidance range for Five Below are not mentioned.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does the adjusted comp guidance range for Five Below align with their strategic goals and objectives?
### Assistant: The alignment of the adjusted comp guidance range for Five Below with their strategic goals and objectives is not discussed.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected performance of Five Below for the second half of the year?
### Assistant: The expected performance of Five Below for the second half of the year implies a range of low single digits in comps.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What factors would contribute to the low end of the expected performance for Five Below in the second half?
### Assistant: The low end of the expected performance for Five Below in the second half would assume some type of deterioration in the macro consumer environment.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What factors would contribute to the high end of the expected performance for Five Below in the second half?
### Assistant: The high end of the expected performance for Five Below in the second half would assume some slight acceleration on tailwinds such as increased conversions and more effective marketing.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the macro consumer environment affected Five Below's performance?
### Assistant: The macro consumer environment has not significantly affected Five Below's performance.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Below increased conversions?
### Assistant: Five Below has increased conversions through their strategies and initiatives.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What strategies has Five Below implemented for more effective marketing?
### Assistant: Five Below has implemented more effective marketing strategies to drive growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Has Five Below seen any significant trade-down from higher-end consumers?
### Assistant: No, Five Below has not seen any significant trade-down from higher-end consumers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the spending behavior of Five Below's core customers changed?
### Assistant: The spending behavior of Five Below's core customers has remained strong, with their core customers spending more of their discretionary dollars with the company.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are new customers contributing to Five Below's transaction growth?
### Assistant: Yes, new customers are contributing to Five Below's transaction growth.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are existing customers shopping more frequently at Five Below?
### Assistant: Yes, existing customers are shopping more frequently at Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below leverage customer data to understand consumer behavior?
### Assistant: Five Below leverages customer data to understand consumer behavior and make informed business decisions.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are Five Below's margin plans for the third quarter?
### Assistant: Five Below expects slight operating margin leverage for the third quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are Five Below's margin plans for the fourth quarter?
### Assistant: Five Below expects gross margin leverage in excess of 150 basis points and SG&A deleverage slightly less than 150 basis points in the fourth quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below plan to address the timing of lapping freight?
### Assistant: Five Below plans to address the timing of lapping freight through their margin plans and cost management strategies.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected operating margin leverage for the full year?
### Assistant: The expected operating margin leverage for the full year is slight.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the expected operating margin leverage for the second quarter?
### Assistant: The expected operating margin leverage for the second quarter is a 70 basis-point deleverage.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below expect gross margin leverage to compare to operating margin leverage in the third quarter?
### Assistant: Five Below expects gross margin leverage in the third quarter to be double that of the operating margin leverage for that quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How does Five Below expect gross margin leverage to compare to operating margin leverage in the fourth quarter?
### Assistant: Five Below expects gross margin leverage in the fourth quarter to be in excess of 150 basis points.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will freight cost benefit impact Five Below's margins in the fourth quarter?
### Assistant: The freight cost benefit is expected to positively impact Five Below's margins in the fourth quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How will SG&A deleverage impact Five Below's margins in the fourth quarter?
### Assistant: SG&A deleverage is expected to slightly impact Five Below's margins in the fourth quarter.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the overall guidance for Five Below's operating margin leverage?
### Assistant: The overall guidance for Five Below's operating margin leverage is slight.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Five Below's performance been in terms of licensing?
### Assistant: The performance of Five Below in terms of licensing has not been mentioned in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What licensing agreements does Five Below have in place?
### Assistant: The licensing agreements that Five Below has in place have not been mentioned in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has licensing contributed to Five Below's overall business strategy?
### Assistant: Licensing has contributed to Five Below's overall business strategy by potentially expanding their product offerings and attracting new customers.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are Five Below's future plans for licensing?
### Assistant: Five Below's future plans for licensing have not been mentioned in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the business of Five Below changed since peak or pre-COVID levels?
### Assistant: According to Joel Anderson, the President and CEO of Five Below, the business has seen improvements in the category compared to peak or pre-COVID levels.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What upcoming projects or initiatives are getting the executives at Five Below excited?
### Assistant: Joel Anderson mentioned that they are excited about upcoming movies that could potentially turn into licenses for Five Below. This indicates that licensing initiatives are getting the executives excited.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are there any differences in the guidance for the third and fourth quarters of the year?
### Assistant: Yes, there are differences in the guidance for the third and fourth quarters. Ken Bull, the Chief Operating Officer, Chief Financial Officer, and Treasurer, mentioned that they are assuming low single-digit positive comps for both Q3 and Q4. Additionally, Q4 is expected to achieve slightly more leverage than Q3.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the licensing business at Five Below been affected by COVID?
### Assistant: The licensing business at Five Below has been significantly affected by COVID. Joel Anderson mentioned that movies have been pretty much nonexistent since COVID, which has resulted in the licensing business being very small.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Did the release of Super Mario have a significant impact on the business?
### Assistant: The release of Super Mario did not have a material impact on the business of Five Below, as mentioned by Joel Anderson.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What trends are coming back in the industry that Five Below plans to take advantage of?
### Assistant: Joel Anderson mentioned that some trends, such as movies, are starting to come back. Five Below plans to take advantage of these trends as they appear.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What are the comp expectations for the third and fourth quarters?
### Assistant: The comp expectations for both the third and fourth quarters are low single-digit positive comps, as mentioned by Ken Bull.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Is there expected leverage in both Q3 and Q4 for Five Below?
### Assistant: Yes, there is expected leverage in both Q3 and Q4 for Five Below, as mentioned by Ken Bull.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Are there any mixed shift impacts affecting the gross margins at Five Below?
### Assistant: There don't seem to be any specific mixed shift impacts worth noting that significantly affect the gross margins at Five Below, according to Joel Anderson.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How significant are the shifts in different product areas for Five Below?
### Assistant: According to Joel Anderson, there have been shifts in different product areas at Five Below, but they are not significant enough to move 1,000 basis points or anything like that.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Has the tokenization strategy at Five Below progressed to a loyalty program?
### Assistant: Yes, the tokenization strategy at Five Below has progressed to the point where they are starting to explore implementing a loyalty program, as mentioned by Joel Anderson.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What have been the observations and learnings from the tokenization strategy at Five Below?
### Assistant: There is no specific information provided about the observations and learnings from the tokenization strategy at Five Below in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has COVID affected the implementation of a loyalty program at Five Below?
### Assistant: It is not mentioned how COVID specifically affected the implementation of a loyalty program at Five Below. However, Joel Anderson did mention that COVID, supply chain challenges, and inflation have kept the teams busy dealing with mixed shifts and product changes.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: When can we expect the loyalty program to be implemented at Five Below?
### Assistant: The text does not provide a specific timeline for when the loyalty program will be implemented at Five Below. However, Joel Anderson mentioned that they are looking at it as '25, not '24.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has Joel Anderson, the President and CEO of Five Below, been doing?
### Assistant: There is no specific information provided about how Joel Anderson, the President and CEO of Five Below, has been doing in the given text.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: What is the next logical step for Five Below after implementing tokenization?
### Assistant: The next logical step for Five Below after implementing tokenization is to start looking at putting in place a loyalty program, as mentioned by Joel Anderson.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: How has the team at Five Below been dealing with supply chain and inflation challenges?
### Assistant: The teams at Five Below have been dealing with supply chain challenges and inflation, along with mixed shifts and product changes, as mentioned by Joel Anderson.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Has the groundwork for a loyalty program been laid at Five Below?
### Assistant: Joel Anderson mentioned that the groundwork for a loyalty program has been laid at Five Below.


[INST] <<SYS>>
Use the provided conversation to generate a relevant answer. If the new question is related to the prior context, use that information to provide a more detailed answer. If the new question is not related to prior context, provide a standalone answer.
<<\/SYS>>

### Human: Will Five Below be implementing a loyalty program in 2025 or 2024?
### Assistant: The loyalty program is expected to be implemented in '25, not '24, according to Joel Anderson.