secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0001177609-23-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/0001177609-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000117760923000020/five-20230830.htm
  HTML page:      https://secwatch.observer/filing/0001177609-23-000020

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