Five Below(US:FIVE) Globenewswire·2025-10-08 17:15Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Five Below, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during the specified class period [1][7]. Company Financials and Operations - The complaint alleges that Five Below provided misleading information regarding its financial strength and operations, specifically concerning its sales outlook for Q1 and the full year of 2024 [7]. - Five Below initially projected net sales between $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 [7]. - 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 [7]. - Following further revelations of financial and operational issues, Five Below announced the departure of CEO Joel Anderson on July 16, 2024, and revised its Q2 sales expectations to between $820 million and $826 million, resulting in an additional stock price decline of $25.57 per share [7].