---
schema_version: "secwatch.filing_event.v1"
accession: "0001177609-24-000020"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2024-08-28T23:59:59+00:00"
generated_at: "2026-05-31T07:07:25.201152+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Five Below Q2 GAAP EPS $0.60 vs $0.84 YoY; guides FY24 EPS $3.98-$4.41

## Summary
- Q2 net sales $830.1M (+9.4% YoY) but comparable sales fell 5.7%; GAAP EPS $0.60, adjusted EPS $0.54.
- Operating income $41.5M vs $58.6M YoY; net income $33.0M vs $46.8M.
- FY24 guidance: net sales $3.73B-$3.80B, comparable sales decline ~4%-5.5%, adjusted EPS $4.35-$4.71.
- Store count 1,667; plans to moderate 2025 openings to 150-180 from ~230 in 2024.
- CEO calls results 'short of capability' and cites macro pressures; repurchased ~85K shares for $10M in Q2.

## SEC filing metadata
- accession: 0001177609-24-000020
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2024-08-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000020/0001177609-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000020/five-20240828.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001177609-24-000020
- JSON: https://secwatch.observer/filing/0001177609-24-000020.json
- Plain text: https://secwatch.observer/filing/0001177609-24-000020.txt

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