Recent Security Class Actions

Five Below Inc. Common Stock (NASDAQ: FIVE)

9 Days left to seek lead plaintiff status.

Company Name:Five Below Inc. Common Stock
Stock Symbol:NASDAQ: FIVE
Class Period Start:12/01/2022
Class Period End (inclusive):07/16/2024
Filing Deadline:09/30/2024

The Complaint alleges that during the Class Period, Defendants provided investors with false and/or materially misleading information about FIVE's financial strength and operations, including its outlook for the first quarter and full year 2024. On June 5, 2024, FIVE announced disappointing first quarter 2024 sales result and cut its full year 2024 guidance stating, "Net sales are expected to be in the range of $3.79 billion to $3.87 billion based on opening approximately 230 new stores." At the same time, FIVE claimed that for the second quarter, "Net sales are expected to be in the range of $830 million to $850 million based on opening approximately 60 new stores." In response to the disclosure, FIVE's stock price declined $14.07/per share within the span of just one day. Plaintiff brings this action on behalf of himself and other similarly situated investors to recover the losses they sustained as a result of Defendants’ allegedly false and/or materially misleading statements.

Five Below Inc. Common Stock (NASDAQ: FIVE) Claim Form

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