LOS ANGELES, Aug. 5, 2024 /PRNewswire/ -- The DJS Law
Group reminds investors of a class action lawsuit against Five
Below, Inc. ("Five Below" or "the Company") (NASDAQ: FIVE)
for violations of §§10(b) and 20(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of FIVE during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointments. Appointment as lead plaintiff is not
required to partake in any recovery.
CLASS PERIOD: March 20,
2024 to July 16, 2024
DEADLINE: September 30,
2024
CASE DETAILS: According to the Complaint, the Company
made false and misleading statements to the market. Five Below
claimed that it expected first quarter net sales of $826 million to $846
million based on opening 55 to 60 new stores in the first
quarter. The Company also claimed that net sales for the full year
would be in the range of $3.97
million to $4.07 million based
on opening 225 to 235 new stores throughout the year. Despite its
rosy outlook, the Company reported disappointing earnings for the
first quarter and cut guidance for the year. Based on these facts,
the Company's public statements were false and materially
misleading throughout the class period. When the market learned the
truth about Five Below, investors suffered damages.
If you are a shareholder who suffered a loss, contact us to
participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to
enhance investor return through balanced counseling and aggressive
advocacy. We specialize in securities class actions, corporate
governance litigation, and domestic/international M&A
appraisals. Our clients are some of the largest and most
sophisticated hedge funds and alternative asset managers in the
world. The litigation claims of our clients are extraordinarily
valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
CONTACT:
David J.
Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
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SOURCE DJS Law Group LLP