---
schema_version: "secwatch.filing_event.v1"
accession: "0001177609-24-000011"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:11:31.523082+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Five Below Q1 comp sales fall 2.3%, EPS $0.57; cuts FY2024 guidance

## Summary
- Net sales $811.9M (+11.8% YoY); comparable sales -2.3%; GAAP diluted EPS $0.57, adjusted $0.60.
- Operating income $36.2M vs $42.4M prior year; includes $2M legal settlement expense.
- Opened 61 stores, total 1,605 in 43 states; plans ~230 new stores in FY2024.
- FY2024 guidance: net sales $3.79-3.87B; diluted EPS $4.97-$5.37; comp sales down 3-5%.
- Repurchased ~182k shares for $30M in Q1.

## SEC filing metadata
- accession: 0001177609-24-000011
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000011/0001177609-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000011/five-20240605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001177609-24-000011
- JSON: https://secwatch.observer/filing/0001177609-24-000011.json
- Plain text: https://secwatch.observer/filing/0001177609-24-000011.txt

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