Core Viewpoint - Five Below, Inc. is facing a class action securities lawsuit due to alleged securities fraud that misled investors about its financial performance and outlook for 2024 [1][2]. Group 1: Allegations and Financial Misrepresentation - The lawsuit claims that Five Below provided false and materially misleading information regarding its financial strength, including optimistic sales projections for Q1 and the full year of 2024 [2]. - Initially, Five Below projected net sales of $826 million to $846 million for Q1 2024 and $3.97 billion to $4.07 billion for the full year, based on the opening of 55 to 60 new stores in Q1 and 225 to 235 new stores for the year [2]. - On June 5, 2024, Five Below announced disappointing Q1 sales results and revised its full-year guidance down to $3.79 billion to $3.87 billion, leading to a significant stock price drop of $14.07 per share in one day [2]. Group 2: Leadership Changes and Further Declines - Following the disappointing sales announcement, Five Below's CEO Joel Anderson resigned on July 16, 2024, which further impacted investor confidence [2]. - The company projected a decrease of 6% to 7% in comparable sales for the fiscal second quarter ending August 3, 2024, resulting in a stock price decline of over 25% on July 17, 2024 [2]. Group 3: Legal Proceedings and Investor Participation - Investors who suffered losses during the relevant period have until September 30, 2024, to request to be appointed as lead plaintiff in the class action lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3]. Group 4: Law Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Five Below, Inc. (NASDAQ: FIVE) between March 20, 2024 and July 16, 2024, both dates inclusive (the "Class Period"), of the important September 30, 2024 lead plaintiff deadline. SO WHAT: If you purchased Five Below securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...

NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Five Below, Inc. (NASDAQ: FIVE) and certain of the Company's senior executives. If you invested in Five Below, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/five-below-inc. Investors have until September 30, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sect ...

RADNOR, Pa., Aug. 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Pennsylvania against Five Below, Inc. ("Five Below") (NASDAQ: FIVE) on behalf of investors who purchased or otherwise acquired Five Below securities between March 20, 2024 and July 16, 2024, inclusive (the "Class Period") The lead plaintiff deadline is September ...

NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Five Below, Inc. (NASDAQ: FIVE). Shareholders who purchased shares of FIVE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/five-below-loss-submission-form/?id=95123&from=3 CLASS PERIOD: March 20, 2024 to ...

SAN DIEGO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Five Below, Inc. (NASDAQ: FIVE) securities between March 20, 2024 and July 16, 2024. Five Below is a specialty value retailer offering merchandise targeted at the tween and teen demographic. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins ...

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Five Below, Inc. (NASDAQ: FIVE) and certain of the Company's senior executives. If you invested in Five Below, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/five-below-inc. Investors have until September 30, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sect ...

SAN DIEGO, Aug. 10, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Five Below, Inc. (NASDAQ: FIVE) securities between March 20, 2024 and July 16, 2024, both dates inclusive (the "Class Period"), have until September 30, 2024 to seek appointment as lead plaintiff of the Five Below class action lawsuit. Captioned Himes v. Five Below, Inc., No. 24-cv-03638 (E.D. Pa.), the Five Below class action lawsuit charges Five Below as well as Five Belo ...

NEW YORK, Aug. 10, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Five Below, Inc. (NASDAQ: FIVE) between March 20, 2024 and July 16, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2024. SO WHAT: If you purchased Five Below securities during the Cla ...

NEW YORK, Aug. 10, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Five Below, Inc. (NASDAQ: FIVE) and certain of the Company's senior executives. If you invested in Five Below, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/five-below-inc. Investors have until September 30, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sect ...