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Although the outcome of these and other claims cannot be predicted with certainty, management does not believe that the ultimate resolution of these matters will have a material adverse effect on our financial condition or results of operations.
+Added: Securities Class Action Proceedings
+Added: On August 1, 2024, a putative class action was filed against Five Below, Inc.
+Added: and a certain former senior officer in the United States District Court for the Eastern District of Pennsylvania, purportedly on behalf of a class of the Company's investors who purchased or otherwise acquired our publicly traded securities between March 20, 2024 and July 16, 2024.
+Added: On September 16, 2024, a similar action was commenced against Five Below, Inc.
+Added: in the same court on behalf of a class of investors who purchased or otherwise acquired our publicly traded securities between December 1, 2022 and July 16, 2024.
+Added: The complaints allege violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder in connection with various public statements made by us.
+Added: On October 28, 2024, the court entered an order consolidating the actions and appointing lead plaintiff.
+Added: Lead plaintiff filed its Consolidated Amended Complaint against the Company and one former senior officer and one current senior officer on January 13, 2025.
+Added: Defendants filed their motion to dismiss the Consolidated Amended Complaint on March 14, 2025.
+Added: Lead plaintiff’s opposition to defendants’ motion to dismiss is due on or before May 13, 2025, and any reply in support of defendants’ motion to dismiss is due on or before July 11, 2025.
+Added: The Company intends to vigorously defend against this action, which the Company believes to be without merit.
+Added: The potential impact of this action, which seeks unspecified damages, attorneys’ fees and expenses, is uncertain.
MINE SAFETY DISCLOSURES
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.