secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0001177609-23-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Below Q3 net sales up 14.2% to $736.4M, beats guidance; raises FY2023 midpoint
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- Q3 net sales $736.4M (+14.2% YoY); comparable sales +2.5% with transaction growth of 3.1%.
- Diluted EPS $0.26 (vs $0.29 Q3 2022); net income $14.6M (vs $16.1M).
- Raised midpoint of FY2023 guidance: full-year net sales $3.54B-$3.57B, EPS $5.40-$5.56.
- Opened record 74 new stores in Q3; ended quarter with 1,481 stores in 43 states.
- Board authorized new $100M share repurchase program through Nov 2026, replacing prior program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000117760923000025/0001177609-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000117760923000025/five-20231129.htm
  HTML page:      https://secwatch.observer/filing/0001177609-23-000025

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