ROSEN, NATIONAL TRIAL LAWYERS, encourages Five Below, Inc.

NEW YORK, Aug. 18, 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 “Litigation 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.

WHAT TO DO NEXT: To join the Five Below class action lawsuit, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court by 30 September 2024 at the latestA lead plaintiff is a representative party directing the litigation on behalf of other class members.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in senior leadership roles. Often, the firms issuing the advertisements do not have comparable experience, resources or significant recognition from their peers. Many of these firms do not actually litigate securities class action lawsuits, but rather act as intermediaries, referring clients or working with law firms that actually litigate the cases in court. Choose your lawyer wisely. The Rosen Law Firm represents investors around the world and focuses on class action and shareholder litigation. The Rosen Law Firm has achieved the largest securities class action settlement against a Chinese company. The Rosen Law Firm was ranked #1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs' Bar by law360. Many of the firm's attorneys have received awards from Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, defendants provided investors with false and/or materially misleading information about Five Below's financial strength and operations during the Class Period, including its first quarter and full-year 2024 guidance. This information included Five Below's statement that net sales were expected to be in the range of $826 million to $846 million, based on the opening of approximately 55 to 60 new stores in the first quarter. In addition, Five Below claimed that full-year net sales were expected to be in the range of $3.97 billion to $4.07 billion, based on the opening of 225 to 235 new stores. Investors found that these statements were false and/or materially misleading when, on June 5, 2024, Five Below announced disappointing first quarter 2024 revenue results and lowered its full year 2024 guidance by stating, “Net sales are expected to be in the range of $3.79 billion to $3.87 billion, based on the opening of approximately 230 new stores.” At the same time, Five Below claimed that for the second quarter, “net sales are expected to be in the range of $830 million to $850 million, based on the opening of approximately 60 new stores.” When the true details came to market, the lawsuit alleged that investors suffered damages.

To join the Five Below class action lawsuit, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit.

No class action has been certified. Until a class action is certified, you will not be represented by counsel unless you hire one. You may select counsel of your choice. You may also remain as an absent class member and take no action at this time. An investor's ability to share in any potential future recovery is not dependent on serving as lead plaintiff.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com