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Five Below, Inc. (NASDAQ: FIVE) Securities Fraud Investigation

On July 16, 2024, after the market closed, Five Below announced that its CEO had stepped down “to pursue other interests.” Additionally, Five Below provided quarter-to-date results and updated guidance for its second quarter of fiscal 2024, stating that it now expects sales to be between $820 to $826 million, compared to the previously expected $830 to $850 million, and net income of $0.53 to $0.56, compared to the previously expected $0.57 to $0.69.

On this news, Five Below’s stock price fell $25.57, or over 25%, to close at $76.50 per share on July 17, 2024.

If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.  

Complete this form with your transactions in Five Below, Inc. 
 securities between June 2, 2023 and July 16, 2024.

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