secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001177609-24-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000117760924000011/0001177609-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000117760924000011/five-20240605.htm
  HTML page:      https://secwatch.observer/filing/0001177609-24-000011

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