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Lorna Nguyen

Research Analyst at Morgan Stanley

Lorna Nguyen's questions to FIVE BELOW (FIVE) leadership

Question · Q3 2026

Lorna Nguyen, asking for Simeon Gutman, inquired about the equal split between traffic and ticket growth in Q3 and whether the strength was driven more by new or returning customers.

Answer

CEO Winnie Park confirmed that growth was equally split between transactions and tickets, with traffic growth driven equally by new customers and the retention of existing customers. She also noted the positive customer response to increased ticket sizes, accepting a broader range of price points.

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