---
schema_version: "secwatch.filing_event.v1"
accession: "0001177609-25-000019"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2025-06-04T23:59:59+00:00"
generated_at: "2026-05-19T23:39:43.506703+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Five Below Q1 net sales +19.5% to $970.5M, comp +7.1%, raises FY EPS low end, CFO steps down

## Summary
- Q1 GAAP diluted EPS $0.75; adjusted diluted EPS $0.86 (vs $0.57/$0.60 last year).
- Opened 55 new stores, ending quarter with 1,826 stores in 44 states.
- FY2025 sales guidance raised to $4.33B-$4.42B; adjusted EPS guidance raised to $4.25-$4.72.
- CFO Kristy Chipman stepping down; COO Ken Bull appointed interim CFO (former CFO).
- Q2 outlook: sales $975M-$995M, adjusted diluted EPS $0.50-$0.62.

## SEC filing metadata
- accession: 0001177609-25-000019
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2025-06-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000117760925000019/0001177609-25-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000117760925000019/five-20250604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001177609-25-000019
- JSON: https://secwatch.observer/filing/0001177609-25-000019.json
- Plain text: https://secwatch.observer/filing/0001177609-25-000019.txt

## Key facts
- Executive change
  Thomas Vellios departed as Executive Chairman at FIVE BELOW, INC.
  - Action: will cease employment
  - Role: Executive Chairman
  source text: Thomas Vellios, the Company’s co-founder and the Executive Chairman of its Board of Directors (the “Board”), is not standing for reelection at the upcoming 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will cease employment with the Company on June 12, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760925000019/0001177609-25-000019-index.htm
- Executive change
  Kenneth R. Bull was appointed as Chief Financial Officer and Treasurer at FIVE BELOW, INC.
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: On June 4, 2025, the Board appointed Mr. Kenneth R. Bull, the Chief Operating Officer of the Company, to also serve as the Company’s Chief Financial Officer and Treasurer on an interim basis, effective as of the cessation of Ms. Chipman’s service on June 6, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760925000019/0001177609-25-000019-index.htm
- Executive change
  Kristy Chipman resigned as Chief Financial Officer and Treasurer at FIVE BELOW, INC.
  - Action: resigned
  - Role: Chief Financial Officer and Treasurer
  source text: On June 4, 2025, the Company and Kristy Chipman, its Chief Financial Officer and Treasurer, entered into a letter agreement providing for the cessation of Ms. Chipman’s employment by the Company in all capacities, effective as of June 6, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760925000019/0001177609-25-000019-index.htm

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