Important Notice to Long-Term Shareholders of Five Below, Inc. (FIVE): Grabar Law Office Investigates Claims on Your Behalf as Securities Fraud Class Action Survives Motion to Dismiss

Philadelphia, Pennsylvania--(Newsfile Corp. - October 8, 2025) - Grabar Law Office is investigating claims on behalf of shareholders of Five Below, Inc. (NASDAQ: FIVE). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

Current Five Below, Inc. (NASDAQ: FIVE) shareholders who have held Five Below shares since prior to December 1, 2022, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever. Click here to learn more: https://grabarlaw.com/the-latest/five-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call us at 267-507-6085.

Why? Key allegations of a securities fraud class action complaint against, Five Below, Inc. (NASDAQ: FIVE), and certain of its officers, has survived a motion to dismiss. The underlying complaint alleges that, Five Below, Inc., via certain of its officers and directors, 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. On June 5, 2024, Five Below announced disappointing first quarter 2024 sales result and cut its full year 2024 guidance stating, "Net sales are expected to be in the range of $3.79 billion to $3.87 billion based on opening 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 opening approximately 60 new stores." In response to the disclosure, Five Below 's stock price declined $14.07 per share within the span of just one day.

On August 25, 2025, key allegations of the underlying class action survived defendants' motion to dismiss the complaint. In so holding, the court determined that: "Plaintiffs plausibly allege that during the class period, Five Below was having serious issues executing on their trend-right strategy and stocking trending items in stores. There is substantial former employee testimony supporting this point." Moreover, certain statements regarding "the extent and cause of shrink are material to investors, misleading by omission, and thus actionable under the PSLRA."

What You Can Do Now: If you have held Five Below (NASDAQ: FIVE) shares since prior to December 1, 2022, and would like to learn more at no cost to you, please visit https://grabarlaw.com/the-latest/five-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call us at 267-507-6085. You can seek corporate reforms, the return of funds back to company coffers, and potentially a receive a court approved incentive award at no cost to you whatsoever. $FIVE #FiveBelow

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