{"schema_version":"secwatch.filing_event.v1","accession":"0001177609-23-000020","form_type":"8-K","ticker":"FIVE","cik":"0001177609","company_name":"FIVE BELOW, INC","filed_at":"2023-08-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.318142+00:00","generated_at":"2026-06-11T01:49:17.348750+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Five Below Q2 net sales +13.5% to $759M, EPS $0.84; FY EPS guidance cut on higher shrink reserves","bullets":["Q2 net sales $759M (+13.5% YoY); comparable sales +2.7% on 4.5% transaction growth.","Diluted EPS $0.84 (vs $0.74); net income $46.8M, operating income $58.6M.","Opened 40 new stores; ended quarter with 1,407 stores across 43 states (+12.4% YoY).","FY2023 EPS guidance lowered to $5.27-$5.55 due to higher shrink reserves; sales outlook unchanged at $3.50-$3.57B.","Q3 guidance: net sales $715M-$730M, EPS $0.17-$0.25, based on ~70 new stores."],"urls":{"canonical":"https://secwatch.observer/filing/0001177609-23-000020","json":"https://secwatch.observer/filing/0001177609-23-000020.json","markdown":"https://secwatch.observer/filing/0001177609-23-000020.md","text":"https://secwatch.observer/filing/0001177609-23-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/0001177609-23-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/five-20230830.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T01:49:17.348750+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"29797755918fc3bc63acaa094de437eb1c37cd25","claim":"FIVE BELOW, INC reported Full year of Fiscal 2023 results: revenue $3.50 billion to $3.57 billion, net income $295 million to $311 million, EPS $5.27 to $5.55. Guidance reaffirmed.","evidence_excerpt":"Net sales are expected to be in the range of $3.50 billion to $3.57 billion based on opening over 200 new stores and assuming an approximate 1% to 3% increase in comparable sales.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/0001177609-23-000020-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full year of Fiscal 2023"},{"label":"Revenue","value":"$3.50 billion to $3.57 billion"},{"label":"Net income","value":"$295 million to $311 million"},{"label":"EPS","value":"$5.27 to $5.55"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"45fa25ca0287ce7dcf37e19ca5fdd432cd41aacc","claim":"FIVE BELOW, INC reported Third quarter of Fiscal 2023 results: revenue $715 million to $730 million, net income $10 million to $14 million, EPS $0.17 to $0.25. Guidance reaffirmed.","evidence_excerpt":"Net sales are expected to be in the range of $715 million to $730 million based on opening approximately 70 new stores and assuming an approximate flat to 2% increase in comparable sales.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/0001177609-23-000020-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Third quarter of Fiscal 2023"},{"label":"Revenue","value":"$715 million to $730 million"},{"label":"Net income","value":"$10 million to $14 million"},{"label":"EPS","value":"$0.17 to $0.25"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"ea47c9e98720382c72025824a160c814760c689d","claim":"FIVE BELOW, INC reported For the year to date period ended July 29, 2023 results: revenue $1,485.2 million, net income $84.3 million, EPS $1.51.","evidence_excerpt":"Net sales increased by 13.5% to $1,485.2 million from $1,308.5 million in the year to date period of fiscal 2022; comparable sales increased by 2.7% versus the year to date period of fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/0001177609-23-000020-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"For the year to date period ended July 29, 2023"},{"label":"Revenue","value":"$1,485.2 million"},{"label":"Net income","value":"$84.3 million"},{"label":"EPS","value":"$1.51"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}