PR Newswire
NEW ORLEANS, Nov. 22, 2024 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Five Below, Inc. (NasdaqGS: FIVE).
On July 16, 2024, the Company disclosed that "[c]omparable sales decreased 5.0% versus the restated and comparable period ended July 15, 2023," and that "[a]s a result, [Five Below] now expects sales for the fiscal second quarter ending August 3, 2024 to be in the range of $820 million to $826 million and assumes an approximate 6% to 7% decrease in comparable sales," and also announced the sudden departure of the Company's President and CEO.
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