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New York, August 11, 2024 PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, announces it has represented Five Below, Inc. (NASDAQ: five) between March 20, 2024 and July 16, 2024both dates inclusive (the “Class Period”). The class action has been filed. If you wish to serve as lead plaintiff, you must file a class action lawsuit no later than September 30, 2024.
So: If you purchased Five Below securities during the period of litigation, you may be entitled to compensation through a contingency fee arrangement without payment of any out of pocket fees or costs.
What to do next: To join the Five Below class action lawsuit, visit https://rosenlegal.com/submit-form/?case_id=27613 Or call Mr. Phillip Kim Toll-free: 866-767-3653 or email (email protected) Information about the class action lawsuit. A class action lawsuit has been filed. If you wish to serve as lead plaintiff, you must file a class action lawsuit no later than September 30, 2024The lead plaintiff is a representative party who directs the litigation on behalf of other class members.
Case details: According to the complaint, during the litigation, defendants provided investors with false and/or materially misleading information about Five Below’s financial strength and operations, including its outlook for the first quarter and full year 2024. This information included Five Below’s statements that it expected net sales to be $826 million arrive $846 million Based on the opening of approximately 55 to 60 new stores in the first quarter. In addition, Five Below also stated that it expects full-year net sales to be $3.97 billion arrive $4.07 billion Based on opening 225 to 235 new stores. Investors found these statements to be false and/or materially misleading, but June 5, 2024Five Below reported disappointing first-quarter 2024 sales results and cut its full-year 2024 guidance, saying it “expects net sales to be $3.79 billion arrive $3.87 billion Based on the opening of approximately 230 new stores. “At the same time, Five Below stated that in the second quarter, “net sales are expected to be $830 million arrive $850 million based on the opening of approximately 60 new stores.” When the true details entered the market, the lawsuit claimed that investors suffered losses.
To join the Five Below class action lawsuit, visit https://rosenlegal.com/submit-form/?case_id=27613 Or call Mr. Phillip Kim Toll-free: 866-767-3653 or email (email protected) Learn about class action lawsuits.
No class action has yet been certified. Until a class action is certified, you will not be represented by counsel unless you retain one. You may select counsel of your choice. You may also remain 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 upon serving as lead plaintiff.
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contact information:
Mr. Lawrence Rosen
Mr. Phillip Kim
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York City, New York 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
(email protected)
www.rosenlegal.com
SOURCE Rosen Law Firm
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