---
schema_version: "secwatch.filing_event.v1"
accession: "0001177609-23-000012"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:01:39.023078+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Five Below Q1: sales +13.5%, EPS $0.67; tightens FY2023 ranges

## Summary
- Net sales $726.2M (+13.5% YoY); comparable sales +2.7%; diluted EPS $0.67 vs $0.59 YoY.
- Opened 27 new stores; ended Q1 with 1,367 stores in 43 states; plans record 200+ new stores in FY2023.
- Q2 FY2023 guidance: net sales $755-765M, diluted EPS $0.80-$0.85.
- FY2023 guidance: net sales $3.50-3.57B, diluted EPS $5.31-$5.71; 53rd week adds ~$40M sales.
- Gross capex expected ~$335M; 400+ store conversions to Five Beyond prototype planned.

## SEC filing metadata
- accession: 0001177609-23-000012
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000117760923000012/0001177609-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000117760923000012/five-20230429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001177609-23-000012
- JSON: https://secwatch.observer/filing/0001177609-23-000012.json
- Plain text: https://secwatch.observer/filing/0001177609-23-000012.txt

## Key facts
- Earnings Releases
  FIVE BELOW, INC reported first quarter ended April 29, 2023 results: revenue $726.2 million, net income $37.5 million, EPS $0.67.
  - Period: first quarter ended April 29, 2023
  - Revenue: $726.2 million
  - Net income: $37.5 million
  - EPS: $0.67
  - Result: reported results
  source text: Inc. (NASDAQ: FIVE) today announced financial results for the first quarter ended April 29, 2023. For the first quarter ended April 29, 2023: • Net sales increased by 13.5% to $726.2 million f rom $639.6 million in the first quarter of fiscal 2022; comparable sales increased by 2.7% ver sus the first quarter of fiscal 2022. • The Company opened 27 new stores and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760923000012/0001177609-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.