secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001177609-23-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000117760923000012/0001177609-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000117760923000012/five-20230429.htm
  HTML page:      https://secwatch.observer/filing/0001177609-23-000012

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