secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001177609-24-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000117760924000020/0001177609-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000117760924000020/five-20240828.htm
  HTML page:      https://secwatch.observer/filing/0001177609-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer