MEDIUMOutside partySupplier
China
“10-K Item 1A: 'A significant majority of our merchandise is manufactured outside of the United States, with China as the single largest source of merchandise we import and source from domestic vendors.'”
FIVE · Concentration risk · 10-K extracted
Five Below (FIVE) concentration risks
Updated
The most significant concentration Five Below discloses is China, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Five Below’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-03Five Below's disclosed concentration is limited to a single sourcing exposure: China is identified as the single largest source of merchandise the company imports and sources from domestic vendors, within a broader mix of merchandise manufactured outside the United States. This is a medium-scale, dependency-type exposure, meaning it reflects reliance on a specific external sourcing geography rather than a structural feature of the business itself. No percentage is disclosed, and no customer, product, or additional geographic concentration appears in the sourced claims. Because sourcing concentration in China is common across many U.S. retailers, this exposure is more macro-cyclical — tied to trade policy, tariffs, and broader U.S.-China dynamics — than counterparty-specific, though the filing's framing as the "single largest source" means any disruption to that country's manufacturing or export capacity would have an outsized effect on Five Below's supply chain relative to other, smaller sourcing geographies not broken out here. This is the only concentration factor evident in the disclosed source claims.
For the engine’s reasoning on FIVE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Retail
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BOBS | Bob's Discount Furniture, Inc. | 1 | 1 | 0 | 2 |
| BBWI | Bath & Body Works, Inc. | 0 | 3 | 1 | 4 |
| ASO | Academy Sports and Outdoors, In | 0 | 1 | 0 | 1 |
| FIVE● | Five Below, Inc. | 0 | 1 | 0 | 1 |
| BBY | Best Buy Co., Inc. | 0 | 0 | 0 | 0 |
| CASY | Caseys General Stores, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.