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Investigation for Investors in NASDAQ: FIVE shares over possible Wrongdoing at Five Below, Inc.

04-15-2020 11:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Five Below, Inc. (NASDAQ: FIVE) shares over potential wrongdoing at Five Below, Inc.

An investigation on behalf of investors in Five Below, Inc. (NASDAQ: FIVE) shares over potential wrongdoing at Five Below, Inc.

An investigation on behalf of investors in shares of Five Below, Inc. (NASDAQ: FIVE) was announced over potential breaches of fiduciary duties by certain officers and directors at Five Below, Inc.

Investors who purchased shares of Five Below, Inc. (NASDAQ: FIVE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Five Below, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Philadelphia, PA based Five Below, Inc. operates as a specialty value retailer in the United States. Five Below, Inc. reported that its Total Revenue rose from over $1.27 billion for the 12 months period to over $1.55 billion for the 12 months period that ended on January 31, 2019 and that its Net Income over those respective time periods increased from $102.45 million to $149.64 million.

On January 13, 2020, Five Below, Inc announced sales guidance for the 2019 fiscal fourth quarter. The Company expects to report sales of $685 million to $688 million with comparable-store sales declining 2% to 2.5%. Just earlier in December 2019, Five Below, Inc had estimated sales to come in at $717 million to $732 million with comparable sales up 2% to 3%.

Shares of Five Below, Inc. (NASDAQ: FIVE) declined to as low as $59.30 per share on April 03, 2020.

Those who purchased shares of Five Below, Inc. (NASDAQ: FIVE) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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