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

Philadelphia, Pennsylvania--(Newsfile Corp. - October 22, 2025) - 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, have now 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 August 25, 2025, key allegations of the underlying class action survived defendants' motion to dismiss the complaint. The court determined that: "Plaintiffs plausibly allege that . . . Five Below was having serious issues executing on their trend-right strategy and stocking trending items in stores." Moreover, certain statements regarding "the extent and cause of shrink are material to investors, misleading by omission, and thus actionable . . . ."

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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