Analyst
Bernstein
Equibles does not estimate personal net worth.
Zihan Ma is recorded as Analyst at Bernstein. Zihan Ma has spoken on 5 earnings calls across 3 companies, most recently for Dollarama Inc. on September 16, 2026. Those appearances were for Five Below, Inc (FIVE), Costco Wholesale Corp (COST) and Dollarama Inc. (DLMAY). The companies whose calls Zihan Ma spoke on are classified in the Consumer Cyclical and Consumer Defensive sectors.
“I wanted to ask about the pace of store opening in Canada, which this seems to be the second year where you're growing above the historical 60 to 70 range based on the updated guide.”
“I wanted to ask about the traffic versus ticket dynamic with the great traffic result that you guys achieved in Q1. I'm assuming part of that is linked to Squishy, wondering if there's additional color you can provide there.”
“As one on traffic, understanding there was a lot of calendar shift in Q3, but it looks like traffic was kind of below the historical trend, at least for the first part of Q3 and then started growing into April.”
“Winnie, I wanted to follow up on your comment about pricing and various price points above $5, the $7, $10, $15. Now, it's not the first time that Five Below is going beyond the $5 price point.”
“I wanted to ask about the international expansion side, specifically China, where growth seems to have stalled a bit recently, where I'm sure you're facing some pretty strong local competition and Sam's competition as well.”
Bernstein
Analyst
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FIVE
Specialty Retail · Consumer Cyclical
Discount Stores · Consumer Defensive
DLMAY
Discount Stores · Consumer Defensive
