FIVE DEADLINE TOMORROW: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Five Below, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important September 30 Deadline in Securities Class Action – FIVE

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Five Below, Inc. securities between March 20, 2024, and July 16, 2024, of the September 30, 2024, lead plaintiff deadline for a class action lawsuit due to misleading financial information provided by the company [1][4]. Group 1: Class Action Details - Investors who bought Five Below securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 30, 2024 [2]. - The lawsuit alleges that Five Below provided false and misleading information regarding its financial strength and operations, particularly concerning its sales outlook for 2024 [4]. Group 2: Financial Misrepresentation - Five Below initially projected net sales between $826 million and $846 million for the first quarter of 2024, based on the opening of approximately 55 to 60 new stores [4]. - The company later revised its full-year sales guidance to a range of $3.79 billion to $3.87 billion, down from an earlier estimate of $3.97 billion to $4.07 billion, citing the opening of around 230 new stores [4]. - The misleading statements led to investor damages when the true financial performance was revealed on June 5, 2024, following disappointing sales results [4].