secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2022-06-08T23:59:59+00:00
Accession:  0001177609-22-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Below Q1 comparable sales fall 3.6%; EPS $0.59 vs $0.88; guides Q2 below Street
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- Net sales $639.6M (+7.0% YoY); comparable sales -3.6% vs Q1 2021.
- Operating income $42.3M (from $63.7M); net income $32.7M (from $49.6M).
- Q2 FY2022 outlook: net sales $675-695M, EPS $0.74-$0.86; full-year EPS $4.85-$5.24.
- Opened 35 new stores in Q1; total 1,225 stores in 40 states (+12.7% YoY).
- CEO cites softer sales but disciplined cost management; macro environment remains challenging.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000117760922000015/0001177609-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000117760922000015/five-20220608.htm
  HTML page:      https://secwatch.observer/filing/0001177609-22-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer