---
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"
generated_at: "2026-06-11T01:49:17.348750+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Five Below Q2 net sales +13.5% to $759M, EPS $0.84; FY EPS guidance cut on higher shrink reserves

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001177609-23-000020
- JSON: https://secwatch.observer/filing/0001177609-23-000020.json
- Plain text: https://secwatch.observer/filing/0001177609-23-000020.txt

## Key facts
- Earnings Releases
  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.
  - Period: Full year of Fiscal 2023
  - Revenue: $3.50 billion to $3.57 billion
  - Net income: $295 million to $311 million
  - EPS: $5.27 to $5.55
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/0001177609-23-000020-index.htm
- Earnings Releases
  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.
  - Period: Third quarter of Fiscal 2023
  - Revenue: $715 million to $730 million
  - Net income: $10 million to $14 million
  - EPS: $0.17 to $0.25
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/0001177609-23-000020-index.htm
- Earnings Releases
  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.
  - Period: For the year to date period ended July 29, 2023
  - Revenue: $1,485.2 million
  - Net income: $84.3 million
  - EPS: $1.51
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/0001177609-23-000020-index.htm

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