Five Below, Inc. (NASDAQ: FIVE) Investor Investigation Concerning Potential Securities Laws Violations Announced

Investors who purchased shares of Five Below, Inc. (NASDAQ: FIVE), have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Five Below
Affected Securities: 
NASDAQ: FIVE

An investigation on behalf of investors of Five Below, Inc. (NASDAQ: FIVE) shares over potential securities laws violations by Five Below, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Five Below, Inc. (NASDAQ: FIVE) concerning whether a series of statements by Five Below, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Philadelphia, PA based Five Below, Inc. operates as a specialty value retailer in the United States. Five Below, Inc. reported that its Total Revenue rose from over $1.27 billion for the 12 months period to over $1.55 billion for the 12 months period that ended on January 31, 2019 and that its Net Income over those respective time periods increased from $102.45 million to $149.64 million.

On January 13, 2020, Five Below, Inc announced sales guidance for the 2019 fiscal fourth quarter. The Company expects to report sales of $685 million to $688 million with comparable-store sales declining 2% to 2.5%. Just earlier in December 2019, Five Below, Inc had estimated sales to come in at $717 million to $732 million with comparable sales up 2% to 3%.

Shares of Five Below, Inc. (NASDAQ: FIVE) declined to as low as $95.52 per share on January 13, 2020.