Five Below, Inc.
FIVE
Consumer Discretionary
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Five Below, Inc. is a national discount retailer whose product assortment includes a wide variety of pet supplies, such as leashes, collars, toys, and habitats for small animals like hamsters, birds, and fish. The company also sells products made from animal-derived materials, including leather goods, down-filled items, and cosmetics that are not certified as cruelty-free.
The company's business model is built on sourcing and selling high volumes of low-cost goods, a significant portion of which are directly tied to the commercial use or exploitation of animals. This includes the sale of pet products that support the commodification of animals as well as items made from animal materials without verifiable ethical sourcing standards. The available evidence does not indicate that Five Below has a corporate policy restricting the sale of animal-derived products or requiring cruelty-free certification for cosmetics and household items.
Research Sources
1 organization
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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