BFA Law reminds Five Below,

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation of Five Below, Inc. (NASDAQ: FIVE) for possible violations of the federal securities laws.

If you have invested in Five Below, you can get more information at: https://www.bfalaw.com/cases-investigations/five-below-inc.

Why did Five Below stock fall?

Five Below operates specialty discount stores and offers most of its products for $5 or less. The company has consistently talked about how it has continued to execute on its five key strategic pillars that have contributed to long-term growth.

After the market closed on July 16, 2024, Five Below announced that CEO Joel Anderson had resigned from his position as President and CEO and as a member of the Board of Directors, effective immediately. At the same time, the company reported that quarterly results for the second quarter of fiscal 2024 showed that comparable sales decreased 5% year over year. As a result, Five Below also announced that revenue for the full quarter would be in the range of $820 million to $860 million and comparable sales would decrease approximately 6% to 7%.

This news caused Five Below’s share price to fall sharply, with the stock down about 15% before the market opened on July 17, 2024.

Click here for more info: https://www.bfalaw.com/cases-investigations/five-below-inc.

What can you do?

If you have invested in Five Below, Inc. (NASDAQ: FIVE), you may have legal options. We encourage you to provide your information to the Firm. All representations are made on a contingency basis, with no costs to you. Shareholders are not responsible for court or litigation costs. The Firm will seek court approval for any fees and costs.

Send your information to:

https://www.bfalaw.com/cases-investigations/five-below-inc

Or contact us:
Ross Shikowitz
[email protected]
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in class actions and shareholder litigation. It was named a Top 5 Plaintiffs Firm for 2023 by ISS SCAS and its lawyers have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Recent notable successes include BFA recovering over $900 million in value from the board of Tesla, Inc. (subject to court approval) and $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases-investigations/five-below-inc

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