FIVE — what changed in the latest 10-Q
A section-by-section comparison of FIVE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-06-04 vs the prior 10-Q · 2025-12-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +4 | −16 | ~26 | 63 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | Text added/removed | 0 | 0 | ~2 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −1 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-06-04
On February 20, 2026, the U.S. Supreme Court issued a ruling holding that the International Emergency Economic Powers Act (“IEEPA”) does not authorize the President to impose tariffs, creating uncertainty regarding the potential recovery of tariffs previously assessed under that statute. In April, U…
Cost of goods sold (exclusive of items shown separately below)62.8 66.6
Gross profit increased to $478.6 million in the thirteen weeks ended May 2, 2026 from $323.9 million in the thirteen weeks ended May 3, 2025, an increase of $154.7 million, or 47.8%. Gross margin increased to 37.2% in the thirteen weeks ended May 2, 2026 from 33.4% in the thirteen weeks ended May 3,…
Cash capital expenditures typically vary depending on the timing of new store openings and infrastructure-related investments. We plan to make cash capital expenditures of approximately $230 million to $250 million in fiscal 2026, which exclude the impact of tenant allowances, and which we expect to…
Text removed vs the prior filing · source: 10-Q · 2025-12-04
Comparable sales exclude the 53rd week of sales for 53-week fiscal years. In the 52-week fiscal year subsequent to a 53-week fiscal year, we exclude the sales in the non-comparable week from the same-store sales calculation. Due to the 53rd week in fiscal 2023, all comparable sales related to any re…
Due to the 53rd week in fiscal 2023, comparable sales for the thirteen and thirty-nine weeks ended November 2, 2024 are reported on a restated calendar basis. Reference to the "restated calendar" is based on using the National Retail Federation's restated calendar comparing similar weeks, which are …
•the impacts associated with the COVID-19 pandemic, including closures of our stores, adverse impacts on our operations, and consumer sentiment regarding discretionary spending.
Selling, general and administrative expenses25.0 25.5 24.0 23.9
Gross profit increased to $351.4 million in the thirteen weeks ended November 1, 2025 from $258.0 million in the thirteen weeks ended November 2, 2024, an increase of $93.4 million, or 36.2%. Gross margin increased to 33.8% in the thirteen weeks ended November 1, 2025 from 30.6% in the thirteen week…
Other information
Text added vs the prior filing · source: 10-Q · 2026-06-04
During the thirteen weeks ended May 2, 2026, none of the Company's directors or Section 16 officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the …
Text removed vs the prior filing · source: 10-Q · 2025-12-04
On September 12, 2025, George Hill, Chief Retail Officer of the Company, adopted a trading plan that (i) is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Securities Exchange Act of 1934, as amended; (ii) provides for the sale of up to 7,500 shares of the Company's c…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice