SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Five Below, Inc. – ‘10-Q’ for 4/29/23 – ‘EX-101.PRE’

On:  Friday, 6/2/23, at 2:31pm ET   ·   For:  4/29/23   ·   Accession #:  1177609-23-15   ·   File #:  1-35600

Previous ‘10-Q’:  ‘10-Q’ on 12/1/22 for 10/29/22   ·   Next:  ‘10-Q’ on 8/31/23 for 7/29/23   ·   Latest:  ‘10-Q’ on 11/30/23 for 10/28/23   ·   1 Reference:  To:  Five Below, Inc. – ‘8-K’ on 3/14/23 for 3/13/23

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 6/02/23  Five Below, Inc.                  10-Q        4/29/23   56:4.1M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    895K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     22K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     22K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     18K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     18K 
11: R1          Document and Entity Information                     HTML     70K 
12: R2          Consolidated Balance Sheets                         HTML    119K 
13: R3          Consolidated Balance Sheets (Parenthetical)         HTML     28K 
14: R4          Consolidated Statements of Operations               HTML     79K 
15: R5          Consolidated Statement of Shareholders' Equity      HTML     70K 
16: R6          Consolidated Statements of Cash Flows               HTML     91K 
17: R7          Summary of Significant Accounting Policies          HTML     73K 
18: R8          Revenue from Contracts With Customers               HTML     39K 
19: R9          Leases                                              HTML     40K 
20: R10         Income Per Common Share                             HTML     39K 
21: R11         Line of Credit                                      HTML     29K 
22: R12         Commitments and Contingencies                       HTML     21K 
23: R13         Share-Based Compensation                            HTML     48K 
24: R14         Income Taxes                                        HTML     30K 
25: R15         Summary of Significant Accounting Policies          HTML     46K 
                (Policies)                                                       
26: R16         Summary of Significant Accounting Policies          HTML     61K 
                (Tables)                                                         
27: R17         Revenue from Contracts With Customers (Tables)      HTML     34K 
28: R18         Leases (Tables)                                     HTML     41K 
29: R19         Income Per Common Share (Tables)                    HTML     37K 
30: R20         Share-Based Compensation (Tables)                   HTML     44K 
31: R21         Income Taxes (Tables)                               HTML     26K 
32: R22         Summary of Significant Accounting Policies (Nature  HTML     23K 
                of Business) (Details)                                           
33: R23         Summary of Significant Accounting Policies (Fair    HTML     45K 
                Value of Financial Instruments) (Details)                        
34: R24         Summary of Significant Accounting Policies Prepaid  HTML     21K 
                expenses and OCA (Details)                                       
35: R25         Summary of Significant Accounting Policies Other    HTML     19K 
                Accrued Expenses (Details)                                       
36: R26         Revenue from Contracts With Customers (Details)     HTML     28K 
37: R27         Leases - Narrative (Details)                        HTML     26K 
38: R28         Leases - Components of Net Lease Cost (Details)     HTML     23K 
39: R29         Leases - Maturity of Lease Liabilities Under        HTML     35K 
                Operating Leases (Details)                                       
40: R30         Leases - Supplemental Cash Flow Information         HTML     23K 
                (Details)                                                        
41: R31         Income Per Common Share (Computations Of Basic And  HTML     53K 
                Diluted Income (Loss) Per Share) (Details)                       
42: R32         Income Per Common Share (Narrative) (Details)       HTML     21K 
43: R33         Line of Credit (Line of Credit) (Details)           HTML     50K 
44: R34         Commitments and Contingencies (Narrative)           HTML     19K 
                (Details)                                                        
45: R35         Share-Based Compensation (2002 Equity Incentive     HTML     22K 
                Plan) (Details)                                                  
46: R36         Share-Based Compensation (Schedule Of Stock Option  HTML     53K 
                Activity Under Plan) (Details)                                   
47: R37         Share-Based Compensation (Share-Based Compensation  HTML     18K 
                Valuation of Stock Options) (Details)                            
48: R38         Share-Based Compensation (Restricted Stock Units    HTML     82K 
                and Performance-Based Restricted Stock Units)                    
                (Details)                                                        
49: R39         Share-Based Compensation (Share Repurchase          HTML     28K 
                Program) (Details)                                               
50: R40         Income Taxes (Schedule of Effective Income Tax      HTML     27K 
                Rate Reconciliation) (Details)                                   
51: R41         Income Taxes (Narrative) (Details)                  HTML     24K 
54: XML         IDEA XML File -- Filing Summary                      XML     97K 
52: XML         XBRL Instance -- five-20230429_htm                   XML    878K 
53: EXCEL       IDEA Workbook of Financial Report Info              XLSX     81K 
 7: EX-101.CAL  XBRL Calculations -- five-20230429_cal               XML    118K 
 8: EX-101.DEF  XBRL Definitions -- five-20230429_def                XML    192K 
 9: EX-101.LAB  XBRL Labels -- five-20230429_lab                     XML    914K 
10: EX-101.PRE  XBRL Presentations -- five-20230429_pre              XML    498K 
 6: EX-101.SCH  XBRL Schema -- five-20230429                         XSD     99K 
55: JSON        XBRL Instance as JSON Data -- MetaLinks              252±   388K 
56: ZIP         XBRL Zipped Folder -- 0001177609-23-000015-xbrl      Zip    223K

‘EX-101.PRE’   —   XBRL Presentations — five-20230429_pre

This Exhibit is an XBRL File.

                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<!-- XBRL Document Created with Wdesk from Workiva -->
<!-- Copyright 2023 Workiva -->
<!-- r:ebb64fc1-89e2-48bb-a43f-357d7e786323,g:d4e8c161-df0c-4761-9713-8a1f1a9b7b01 -->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<link:roleRef roleURI="http://www.fivebelow.com/role/DocumentandEntityInformation" xlink:type="simple" xlink:href="five-20230429.xsd#DocumentandEntityInformation"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/DocumentandEntityInformation" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CoverAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_89d9b759-0955-4605-babf-b6afa02fa924" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_DocumentType_89d9b759-0955-4605-babf-b6afa02fa924" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_69fe2db2-fac6-46e7-99b5-dcb16c284a78" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityRegistrantName_69fe2db2-fac6-46e7-99b5-dcb16c284a78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_877d0b8b-b2b3-42ee-85e4-b3d4d7ace750" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_DocumentPeriodEndDate_877d0b8b-b2b3-42ee-85e4-b3d4d7ace750" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentQuarterlyReport_eadaaf4d-ef7c-4d5c-b1be-6f07976ee7b1" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_DocumentQuarterlyReport_eadaaf4d-ef7c-4d5c-b1be-6f07976ee7b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport_920ac432-fa42-4a26-88a6-ec9b3d6720b3" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_DocumentTransitionReport_920ac432-fa42-4a26-88a6-ec9b3d6720b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_4cf25fde-6220-4fbd-8c92-3edfea796f05" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityFileNumber_4cf25fde-6220-4fbd-8c92-3edfea796f05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_5149d59b-9c90-4e0b-b565-158735dac48f" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityIncorporationStateCountryCode_5149d59b-9c90-4e0b-b565-158735dac48f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_f765e704-c484-4f46-81c2-23a996cb5ff7" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityTaxIdentificationNumber_f765e704-c484-4f46-81c2-23a996cb5ff7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_073e3fc0-652b-43a3-b8c1-155b0394bac4" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1"/>
<link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityAddressAddressLine1_073e3fc0-652b-43a3-b8c1-155b0394bac4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_ad80570b-36b2-447c-901d-18bd22a1fcab" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2"/>
<link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityAddressAddressLine2_ad80570b-36b2-447c-901d-18bd22a1fcab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_69d52dd5-f3a2-40eb-8352-625d56506f34" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown"/>
<link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityAddressCityOrTown_69d52dd5-f3a2-40eb-8352-625d56506f34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_2e96f54e-6333-4947-94ae-c7a8edee5332" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince"/>
<link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityAddressStateOrProvince_2e96f54e-6333-4947-94ae-c7a8edee5332" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus_9c357a91-85be-4407-b9d5-85dda292f457" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus"/>
<link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_DocumentFiscalYearFocus_9c357a91-85be-4407-b9d5-85dda292f457" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus_a5b1455f-70b0-4937-aa21-78f937c5891d" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus"/>
<link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_DocumentFiscalPeriodFocus_a5b1455f-70b0-4937-aa21-78f937c5891d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_880580f5-be33-4b58-b4a9-279bfb5a4dac" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle"/>
<link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_Security12bTitle_880580f5-be33-4b58-b4a9-279bfb5a4dac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_dff9efa6-6cd4-4078-8c03-f2f89289ed96" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol"/>
<link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_TradingSymbol_dff9efa6-6cd4-4078-8c03-f2f89289ed96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_bf27c203-3687-4f2a-847c-da632b79082c" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName"/>
<link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_SecurityExchangeName_bf27c203-3687-4f2a-847c-da632b79082c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_5f0a1473-e8db-43a1-88ff-19ddfb56264c" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey"/>
<link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityCentralIndexKey_5f0a1473-e8db-43a1-88ff-19ddfb56264c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate_c0d042bf-1397-40be-beab-3f2f6fad704a" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate"/>
<link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_CurrentFiscalYearEndDate_c0d042bf-1397-40be-beab-3f2f6fad704a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory_7f73024f-0173-4692-993e-93e71c028ebf" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory"/>
<link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityFilerCategory_7f73024f-0173-4692-993e-93e71c028ebf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntitySmallBusiness_63e84e68-d542-4c13-b51a-5f0e20a7c3c7" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness"/>
<link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntitySmallBusiness_63e84e68-d542-4c13-b51a-5f0e20a7c3c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_a081adea-ba0c-4a60-98eb-f17061945bac" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany"/>
<link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityEmergingGrowthCompany_a081adea-ba0c-4a60-98eb-f17061945bac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany_17bc9ffd-3372-4cbf-89a6-77d104c3d691" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany"/>
<link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityShellCompany_17bc9ffd-3372-4cbf-89a6-77d104c3d691" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_98eacd72-175b-4abe-b6a5-fc159097bdc2" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag"/>
<link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_AmendmentFlag_98eacd72-175b-4abe-b6a5-fc159097bdc2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_59a69e7b-a0e6-4a8a-9789-49189ed64e31" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode"/>
<link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityAddressPostalZipCode_59a69e7b-a0e6-4a8a-9789-49189ed64e31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_76134e7f-d3f5-4a59-bbd7-c6b92be95db3" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode"/>
<link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_CityAreaCode_76134e7f-d3f5-4a59-bbd7-c6b92be95db3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_e1f0d2a4-53f7-40d3-ba32-e7a44904b4c1" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber"/>
<link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_LocalPhoneNumber_e1f0d2a4-53f7-40d3-ba32-e7a44904b4c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus_0173717c-b0c3-4917-89d5-803257a77d79" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus"/>
<link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityCurrentReportingStatus_0173717c-b0c3-4917-89d5-803257a77d79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent_07565ab8-a260-4af5-b5d8-a3b8e31bbb18" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent"/>
<link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityInteractiveDataCurrent_07565ab8-a260-4af5-b5d8-a3b8e31bbb18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_5b8e48a6-a4af-4644-a1de-8dc129f3498b" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding"/>
<link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_326a634f-ce43-41df-890b-bd4e90273f26" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_5b8e48a6-a4af-4644-a1de-8dc129f3498b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ConsolidatedBalanceSheets" xlink:type="simple" xlink:href="five-20230429.xsd#ConsolidatedBalanceSheets"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ConsolidatedBalanceSheets" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_bd5aea64-7e5f-437b-a80e-12b6813e8486" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_5fdd9293-4aa4-4486-a61f-5bfaebb9b7cf" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AssetsAbstract"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_bd5aea64-7e5f-437b-a80e-12b6813e8486" xlink:to="loc_us-gaap_AssetsAbstract_5fdd9293-4aa4-4486-a61f-5bfaebb9b7cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrentAbstract_5e66bdaf-906e-4975-9980-e49c7ca0c09b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AssetsCurrentAbstract"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_5fdd9293-4aa4-4486-a61f-5bfaebb9b7cf" xlink:to="loc_us-gaap_AssetsCurrentAbstract_5e66bdaf-906e-4975-9980-e49c7ca0c09b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_b0dba0b2-1f3b-4460-b2ce-244eb3082264" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_5e66bdaf-906e-4975-9980-e49c7ca0c09b" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_b0dba0b2-1f3b-4460-b2ce-244eb3082264" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermInvestments_665cf810-4af9-45a9-a09f-7fb0ef0f39c8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShortTermInvestments"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_5e66bdaf-906e-4975-9980-e49c7ca0c09b" xlink:to="loc_us-gaap_ShortTermInvestments_665cf810-4af9-45a9-a09f-7fb0ef0f39c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryNet_4bb4c470-b8d9-430b-a2d4-8df78bd16a15" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InventoryNet"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_5e66bdaf-906e-4975-9980-e49c7ca0c09b" xlink:to="loc_us-gaap_InventoryNet_4bb4c470-b8d9-430b-a2d4-8df78bd16a15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidTaxes_0f1520b4-a149-4f84-944f-b67d7674d87e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PrepaidTaxes"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_5e66bdaf-906e-4975-9980-e49c7ca0c09b" xlink:to="loc_us-gaap_PrepaidTaxes_0f1520b4-a149-4f84-944f-b67d7674d87e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_d168d7c2-f6aa-4e8a-96b5-0e8d60004c57" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_5e66bdaf-906e-4975-9980-e49c7ca0c09b" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_d168d7c2-f6aa-4e8a-96b5-0e8d60004c57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_1fa665d4-8dc8-4d6a-93eb-4a0b4a9ecada" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AssetsCurrent"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_5e66bdaf-906e-4975-9980-e49c7ca0c09b" xlink:to="loc_us-gaap_AssetsCurrent_1fa665d4-8dc8-4d6a-93eb-4a0b4a9ecada" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_763860bf-8d1e-4ba4-8103-aa49bbfd3889" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_5fdd9293-4aa4-4486-a61f-5bfaebb9b7cf" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_763860bf-8d1e-4ba4-8103-aa49bbfd3889" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_9a5d6118-6955-4dd5-8b80-d01ae195cc3d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_5fdd9293-4aa4-4486-a61f-5bfaebb9b7cf" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_9a5d6118-6955-4dd5-8b80-d01ae195cc3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermInvestments_bf88f35d-8469-4d3f-bcfa-50feb4683fa6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongTermInvestments"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_5fdd9293-4aa4-4486-a61f-5bfaebb9b7cf" xlink:to="loc_us-gaap_LongTermInvestments_bf88f35d-8469-4d3f-bcfa-50feb4683fa6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_7a72015a-231b-4a0a-8755-e94b961b63e1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherAssetsNoncurrent"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_5fdd9293-4aa4-4486-a61f-5bfaebb9b7cf" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_7a72015a-231b-4a0a-8755-e94b961b63e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_21ba96dc-9ea5-4b80-b8e9-3ecd1b6c2e80" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Assets"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_5fdd9293-4aa4-4486-a61f-5bfaebb9b7cf" xlink:to="loc_us-gaap_Assets_21ba96dc-9ea5-4b80-b8e9-3ecd1b6c2e80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_bd5aea64-7e5f-437b-a80e-12b6813e8486" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrentAbstract_71f52d51-979c-43cc-a11e-ed69b7a53e0b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:to="loc_us-gaap_LiabilitiesCurrentAbstract_71f52d51-979c-43cc-a11e-ed69b7a53e0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LinesOfCreditCurrent_841511bd-7be0-4572-a90e-beffaf58bf4a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LinesOfCreditCurrent"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_71f52d51-979c-43cc-a11e-ed69b7a53e0b" xlink:to="loc_us-gaap_LinesOfCreditCurrent_841511bd-7be0-4572-a90e-beffaf58bf4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableCurrent_780f13c1-8f38-4c5d-a4ce-7f9e92a1245e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountsPayableCurrent"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_71f52d51-979c-43cc-a11e-ed69b7a53e0b" xlink:to="loc_us-gaap_AccountsPayableCurrent_780f13c1-8f38-4c5d-a4ce-7f9e92a1245e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedIncomeTaxesCurrent_550f700f-46a4-441f-aa06-a5a95b685d99" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_71f52d51-979c-43cc-a11e-ed69b7a53e0b" xlink:to="loc_us-gaap_AccruedIncomeTaxesCurrent_550f700f-46a4-441f-aa06-a5a95b685d99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeRelatedLiabilitiesCurrent_c5d0b961-360c-4494-890d-b0182ed12c34" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrent"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_71f52d51-979c-43cc-a11e-ed69b7a53e0b" xlink:to="loc_us-gaap_EmployeeRelatedLiabilitiesCurrent_c5d0b961-360c-4494-890d-b0182ed12c34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrent_7429243d-78a9-498c-8d3c-978e40aef5d7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_71f52d51-979c-43cc-a11e-ed69b7a53e0b" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrent_7429243d-78a9-498c-8d3c-978e40aef5d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityCurrent_6fa956ce-0dd3-4c80-b979-659847f5c4dd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeaseLiabilityCurrent"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_71f52d51-979c-43cc-a11e-ed69b7a53e0b" xlink:to="loc_us-gaap_OperatingLeaseLiabilityCurrent_6fa956ce-0dd3-4c80-b979-659847f5c4dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_3957a6c5-8735-468b-a736-522588a687f0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesCurrent"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_71f52d51-979c-43cc-a11e-ed69b7a53e0b" xlink:to="loc_us-gaap_LiabilitiesCurrent_3957a6c5-8735-468b-a736-522588a687f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_DeferredRentCreditAndOtherNoncurrent_9fc5f6d2-2f00-4999-84a5-8fe44f898534" xlink:href="five-20230429.xsd#five_DeferredRentCreditAndOtherNoncurrent"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:to="loc_five_DeferredRentCreditAndOtherNoncurrent_9fc5f6d2-2f00-4999-84a5-8fe44f898534" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_c652197d-43f9-4924-9f55-d78b1e824c56" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_c652197d-43f9-4924-9f55-d78b1e824c56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_cb940b41-352f-44f9-994b-0c72c0a4148c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_cb940b41-352f-44f9-994b-0c72c0a4148c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_d5cfd7df-05a1-4b9c-ad4e-06c68e35475a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Liabilities"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:to="loc_us-gaap_Liabilities_d5cfd7df-05a1-4b9c-ad4e-06c68e35475a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_fe867977-e817-46a1-86de-81c96b17cffa" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingencies"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:to="loc_us-gaap_CommitmentsAndContingencies_fe867977-e817-46a1-86de-81c96b17cffa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityAbstract_4168e786-d974-41c5-bde7-f0ac058ce477" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquityAbstract"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:to="loc_us-gaap_StockholdersEquityAbstract_4168e786-d974-41c5-bde7-f0ac058ce477" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_b8deed27-dd16-4cef-8edd-da7bdc73fa0a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockValue"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_4168e786-d974-41c5-bde7-f0ac058ce477" xlink:to="loc_us-gaap_CommonStockValue_b8deed27-dd16-4cef-8edd-da7bdc73fa0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_42f846ab-7164-44e4-9408-3130a639fbaf" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_4168e786-d974-41c5-bde7-f0ac058ce477" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_42f846ab-7164-44e4-9408-3130a639fbaf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_35bde771-2f58-4cf2-b58a-5dafd4c2e33c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_4168e786-d974-41c5-bde7-f0ac058ce477" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_35bde771-2f58-4cf2-b58a-5dafd4c2e33c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_bc2e1614-e6fc-4033-94fd-815ad817e16c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquity"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_4168e786-d974-41c5-bde7-f0ac058ce477" xlink:to="loc_us-gaap_StockholdersEquity_bc2e1614-e6fc-4033-94fd-815ad817e16c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_b46662d8-bf71-4425-9a5e-a4b483758cce" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_a814e8e0-e078-4dbc-87b0-bd2a28d6e879" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_b46662d8-bf71-4425-9a5e-a4b483758cce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:type="simple" xlink:href="five-20230429.xsd#ConsolidatedBalanceSheetsParenthetical"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_39aab26e-b7e6-4939-b819-1ba30f4f20b7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_ab5bc977-fc33-4441-9336-4d039cff2850" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_39aab26e-b7e6-4939-b819-1ba30f4f20b7" xlink:to="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_ab5bc977-fc33-4441-9336-4d039cff2850" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_83ee833d-86a6-4eb6-af9a-ae62facfcc5c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_39aab26e-b7e6-4939-b819-1ba30f4f20b7" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_83ee833d-86a6-4eb6-af9a-ae62facfcc5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_ae1fd39f-96d8-420a-8095-8e239011e93f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesAuthorized"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_39aab26e-b7e6-4939-b819-1ba30f4f20b7" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_ae1fd39f-96d8-420a-8095-8e239011e93f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_2e847030-ae30-4407-8c9e-0907f0c1f80e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesIssued"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_39aab26e-b7e6-4939-b819-1ba30f4f20b7" xlink:to="loc_us-gaap_CommonStockSharesIssued_2e847030-ae30-4407-8c9e-0907f0c1f80e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_9c85460d-192a-4537-82d3-1f580f31ecd0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesOutstanding"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_39aab26e-b7e6-4939-b819-1ba30f4f20b7" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_9c85460d-192a-4537-82d3-1f580f31ecd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ConsolidatedStatementsofOperations" xlink:type="simple" xlink:href="five-20230429.xsd#ConsolidatedStatementsofOperations"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ConsolidatedStatementsofOperations" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeStatementAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_f43a35d8-9a54-446d-ac55-67aed80d6e80" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_f43a35d8-9a54-446d-ac55-67aed80d6e80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostOfGoodsAndServicesSold_e2c755f2-49d0-4d44-8c64-b9755b5e061d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CostOfGoodsAndServicesSold"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_CostOfGoodsAndServicesSold_e2c755f2-49d0-4d44-8c64-b9755b5e061d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_GrossProfit_3ccc6d48-0782-44aa-ae33-948d749e0082" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_GrossProfit"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_GrossProfit_3ccc6d48-0782-44aa-ae33-948d749e0082" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingGeneralAndAdministrativeExpense_74abe71d-25e3-440f-b728-63e5106aa503" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_SellingGeneralAndAdministrativeExpense_74abe71d-25e3-440f-b728-63e5106aa503" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_1776b79c-74c4-4ac5-b30c-15bebd8b89a1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingIncomeLoss"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_OperatingIncomeLoss_1776b79c-74c4-4ac5-b30c-15bebd8b89a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNonoperatingNet_229159a5-0d84-42fb-a846-afd7bd8caebc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestIncomeExpenseNonoperatingNet"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_InterestIncomeExpenseNonoperatingNet_229159a5-0d84-42fb-a846-afd7bd8caebc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_8233f776-19a6-45d8-8d6e-15d2195b7476" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_8233f776-19a6-45d8-8d6e-15d2195b7476" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_a91ddd62-3ac2-4fa1-8f84-e266b5499ed6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_a91ddd62-3ac2-4fa1-8f84-e266b5499ed6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_b713313d-176c-4758-b1f0-daabea7910c0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLoss"/>
<link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_NetIncomeLoss_b713313d-176c-4758-b1f0-daabea7910c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_19c2475b-7ecf-43dd-a197-947d69f16120" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareBasic"/>
<link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_EarningsPerShareBasic_19c2475b-7ecf-43dd-a197-947d69f16120" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_722c7327-7b8f-40a8-82f6-50069b253959" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareDiluted"/>
<link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_EarningsPerShareDiluted_722c7327-7b8f-40a8-82f6-50069b253959" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_8977f48c-86af-45c3-83ef-ba7355a3e5e1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract"/>
<link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_f4b40604-dd9d-4e2f-8b9c-a0e0349aa568" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_8977f48c-86af-45c3-83ef-ba7355a3e5e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_c7d3bb5d-6f22-44ec-b28a-6d285d326e73" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_8977f48c-86af-45c3-83ef-ba7355a3e5e1" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_c7d3bb5d-6f22-44ec-b28a-6d285d326e73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_cdb8e2a1-f3ca-49d2-ace3-96d1957f99c8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_8977f48c-86af-45c3-83ef-ba7355a3e5e1" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_cdb8e2a1-f3ca-49d2-ace3-96d1957f99c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ConsolidatedStatementofShareholdersEquity" xlink:type="simple" xlink:href="five-20230429.xsd#ConsolidatedStatementofShareholdersEquity"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ConsolidatedStatementofShareholdersEquity" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_ef4c354d-22cb-4320-8620-788684ddf42d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_2cd5dc90-92e5-4b64-a45d-9410ab5b88fd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_ef4c354d-22cb-4320-8620-788684ddf42d" xlink:to="loc_us-gaap_StatementTable_2cd5dc90-92e5-4b64-a45d-9410ab5b88fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_223585b1-82b9-4b04-a863-13fdb1011465" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_2cd5dc90-92e5-4b64-a45d-9410ab5b88fd" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_223585b1-82b9-4b04-a863-13fdb1011465" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_94091718-ccfc-426e-bc5c-9774575c0f59" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EquityComponentDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_223585b1-82b9-4b04-a863-13fdb1011465" xlink:to="loc_us-gaap_EquityComponentDomain_94091718-ccfc-426e-bc5c-9774575c0f59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_e6cafe9f-5cf4-4fe0-b2d7-97dc59e07b2d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_94091718-ccfc-426e-bc5c-9774575c0f59" xlink:to="loc_us-gaap_CommonStockMember_e6cafe9f-5cf4-4fe0-b2d7-97dc59e07b2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_2521f203-c997-4bfa-aef3-7654a5de7bcb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_94091718-ccfc-426e-bc5c-9774575c0f59" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_2521f203-c997-4bfa-aef3-7654a5de7bcb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_721c9abc-1e1c-4f89-8342-c9cdcc097c98" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RetainedEarningsMember"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_94091718-ccfc-426e-bc5c-9774575c0f59" xlink:to="loc_us-gaap_RetainedEarningsMember_721c9abc-1e1c-4f89-8342-c9cdcc097c98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_7bf6ad03-d399-4490-a8fa-e3b708d93973" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AwardTypeAxis"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_2cd5dc90-92e5-4b64-a45d-9410ab5b88fd" xlink:to="loc_us-gaap_AwardTypeAxis_7bf6ad03-d399-4490-a8fa-e3b708d93973" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_5b15fac7-956c-43cc-af0b-06cd480b9b5e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_7bf6ad03-d399-4490-a8fa-e3b708d93973" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_5b15fac7-956c-43cc-af0b-06cd480b9b5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_UnrestrictedstockMember_1e2ea82f-94da-461a-88d5-b875dcc647bc" xlink:href="five-20230429.xsd#five_UnrestrictedstockMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_5b15fac7-956c-43cc-af0b-06cd480b9b5e" xlink:to="loc_five_UnrestrictedstockMember_1e2ea82f-94da-461a-88d5-b875dcc647bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementLineItems"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_2cd5dc90-92e5-4b64-a45d-9410ab5b88fd" xlink:to="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_fcf1824f-91c9-4290-81df-9585911669a1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesOutstanding"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_fcf1824f-91c9-4290-81df-9585911669a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_2fb93165-5d78-424b-9dc8-d2346166bf76" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquity"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_StockholdersEquity_2fb93165-5d78-424b-9dc8-d2346166bf76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_5d36abd9-f187-4358-b4ba-12c64953b728" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_5d36abd9-f187-4358-b4ba-12c64953b728" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_f5466f92-bf55-4fd4-9ff4-30953641c60a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_f5466f92-bf55-4fd4-9ff4-30953641c60a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_StockIssuedDuringPeriodSharesStockOptionsAndWarrantsExercised_a25a3547-60cd-45ab-9e06-996abd9b2b42" xlink:href="five-20230429.xsd#five_StockIssuedDuringPeriodSharesStockOptionsAndWarrantsExercised"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_five_StockIssuedDuringPeriodSharesStockOptionsAndWarrantsExercised_a25a3547-60cd-45ab-9e06-996abd9b2b42" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised_472c26bb-554c-4ecb-9198-23a53c359d4b" xlink:href="five-20230429.xsd#five_StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_five_StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised_472c26bb-554c-4ecb-9198-23a53c359d4b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_9bed66e8-1b08-486d-a782-00cd05967fd0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_9bed66e8-1b08-486d-a782-00cd05967fd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures_ef8b6790-00b6-4d4b-9bd1-7d98797ed0b9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures_ef8b6790-00b6-4d4b-9bd1-7d98797ed0b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_CommonSharesWithheldforTaxes_9b6710e6-602d-471b-b397-e9cea10bb560" xlink:href="five-20230429.xsd#five_CommonSharesWithheldforTaxes"/>
<link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_five_CommonSharesWithheldforTaxes_9b6710e6-602d-471b-b397-e9cea10bb560" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_CommonSharesWithheld_09a38b64-0519-4e97-aaf8-b7d9bf367f04" xlink:href="five-20230429.xsd#five_CommonSharesWithheld"/>
<link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_five_CommonSharesWithheld_09a38b64-0519-4e97-aaf8-b7d9bf367f04" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodShares_e229cf0e-71f3-4292-9acd-1ce82401b61c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodShares"/>
<link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodShares_e229cf0e-71f3-4292-9acd-1ce82401b61c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_3faefdf6-4161-4856-9c28-c0a2c2f5af1a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodValue"/>
<link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_3faefdf6-4161-4856-9c28-c0a2c2f5af1a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_95f1216a-21b3-4dd3-b041-2d40086574b1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLoss"/>
<link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_NetIncomeLoss_95f1216a-21b3-4dd3-b041-2d40086574b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_9d9d8e9c-d528-467c-a7a6-83267f586a94" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesOutstanding"/>
<link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_9d9d8e9c-d528-467c-a7a6-83267f586a94" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_342f72ff-aa86-4f70-8155-30927614be36" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquity"/>
<link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_313392a9-a6ee-435d-9a86-6460c4e2b240" xlink:to="loc_us-gaap_StockholdersEquity_342f72ff-aa86-4f70-8155-30927614be36" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ConsolidatedStatementsofCashFlows" xlink:type="simple" xlink:href="five-20230429.xsd#ConsolidatedStatementsofCashFlows"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ConsolidatedStatementsofCashFlows" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_c4cb1375-f3a6-4b85-b0f4-c4588cbe0c7d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_c4cb1375-f3a6-4b85-b0f4-c4588cbe0c7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_4b3ad159-2e1b-4f10-9ea4-61c58e884f87" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLoss"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_c4cb1375-f3a6-4b85-b0f4-c4588cbe0c7d" xlink:to="loc_us-gaap_NetIncomeLoss_4b3ad159-2e1b-4f10-9ea4-61c58e884f87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_86532bb1-d9a3-4b52-989f-ae1fc9d0c985" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_86532bb1-d9a3-4b52-989f-ae1fc9d0c985" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_aa359a6d-3c18-4e03-baf4-ac3300a9b2f2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DepreciationAndAmortization"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_86532bb1-d9a3-4b52-989f-ae1fc9d0c985" xlink:to="loc_us-gaap_DepreciationAndAmortization_aa359a6d-3c18-4e03-baf4-ac3300a9b2f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_588fa546-28b8-4054-8fab-828c04d6f645" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensation"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_86532bb1-d9a3-4b52-989f-ae1fc9d0c985" xlink:to="loc_us-gaap_ShareBasedCompensation_588fa546-28b8-4054-8fab-828c04d6f645" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_70a2fd3c-e8c6-4145-8c8a-87a7cec1a038" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_86532bb1-d9a3-4b52-989f-ae1fc9d0c985" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_70a2fd3c-e8c6-4145-8c8a-87a7cec1a038" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_456ce77e-6622-4001-b491-9001f2074a0d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_86532bb1-d9a3-4b52-989f-ae1fc9d0c985" xlink:to="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_456ce77e-6622-4001-b491-9001f2074a0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_0a52ee32-a9db-4735-a21a-fe20680fd07e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInInventories"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_0a52ee32-a9db-4735-a21a-fe20680fd07e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_IncreaseDecreasePrepaidIncomeTax_1d5bbfa9-e680-4987-b3d1-2b9ef9a0b154" xlink:href="five-20230429.xsd#five_IncreaseDecreasePrepaidIncomeTax"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:to="loc_five_IncreaseDecreasePrepaidIncomeTax_1d5bbfa9-e680-4987-b3d1-2b9ef9a0b154" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_01e2ae22-eaa7-45e2-91d3-e399be75865d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_01e2ae22-eaa7-45e2-91d3-e399be75865d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_27fa8a70-1a21-4b92-bf57-fe7281d78208" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_27fa8a70-1a21-4b92-bf57-fe7281d78208" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_02b5710c-1e2d-4130-8c60-bdc98ea906cd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_02b5710c-1e2d-4130-8c60-bdc98ea906cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedSalaries_d679bf2b-5da5-4b96-97fd-263559c2e1ff" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedSalaries"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedSalaries_d679bf2b-5da5-4b96-97fd-263559c2e1ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_IncreaseDecreaseInOperatingLeases_d964bdef-a209-4f25-a742-2758e7f8ef62" xlink:href="five-20230429.xsd#five_IncreaseDecreaseInOperatingLeases"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:to="loc_five_IncreaseDecreaseInOperatingLeases_d964bdef-a209-4f25-a742-2758e7f8ef62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_2f874cc9-223e-41a5-8a70-1ee667444688" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInOtherAccruedLiabilities"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_2f874cc9-223e-41a5-8a70-1ee667444688" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_b18aea54-c517-4941-a939-6395ab74744a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
<link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_8dcd84e2-0b69-430a-8f88-e46520bdc10a" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_b18aea54-c517-4941-a939-6395ab74744a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_fa4d8e1e-b894-4abe-9a60-06b5c8c8ecdd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_fa4d8e1e-b894-4abe-9a60-06b5c8c8ecdd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireInvestments_f3cd2da2-c62a-4817-b754-56fcac851afa" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsToAcquireInvestments"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_fa4d8e1e-b894-4abe-9a60-06b5c8c8ecdd" xlink:to="loc_us-gaap_PaymentsToAcquireInvestments_f3cd2da2-c62a-4817-b754-56fcac851afa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_3d55d813-1b51-465e-9e9c-13116e4cc512" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_fa4d8e1e-b894-4abe-9a60-06b5c8c8ecdd" xlink:to="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_3d55d813-1b51-465e-9e9c-13116e4cc512" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_134a1a17-67ce-412b-bd37-8639d4fd235b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_fa4d8e1e-b894-4abe-9a60-06b5c8c8ecdd" xlink:to="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_134a1a17-67ce-412b-bd37-8639d4fd235b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_1ac6d2b0-ed5f-4028-a7c5-9a3b1935ff6d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_fa4d8e1e-b894-4abe-9a60-06b5c8c8ecdd" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_1ac6d2b0-ed5f-4028-a7c5-9a3b1935ff6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3d520719-10b5-465c-9561-a32965d8ea77" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3d520719-10b5-465c-9561-a32965d8ea77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_afb23390-d90b-4a88-a195-24fff91f509f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3d520719-10b5-465c-9561-a32965d8ea77" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_afb23390-d90b-4a88-a195-24fff91f509f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromWarrantExercises_43d1c35a-6c89-4315-aadc-55af8ca4883f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProceedsFromWarrantExercises"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3d520719-10b5-465c-9561-a32965d8ea77" xlink:to="loc_us-gaap_ProceedsFromWarrantExercises_43d1c35a-6c89-4315-aadc-55af8ca4883f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_00bbb509-a524-4118-a951-49cb51f79bdc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3d520719-10b5-465c-9561-a32965d8ea77" xlink:to="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_00bbb509-a524-4118-a951-49cb51f79bdc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_2fe6e9e4-0c31-4699-9d19-2a4efaf61665" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3d520719-10b5-465c-9561-a32965d8ea77" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_2fe6e9e4-0c31-4699-9d19-2a4efaf61665" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_12ce6140-2df1-4bf1-b651-f48d04541ad4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_12ce6140-2df1-4bf1-b651-f48d04541ad4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2c18a7ec-f62b-47b3-a811-1c3d19c98008" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2c18a7ec-f62b-47b3-a811-1c3d19c98008" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_0cbe2288-52d0-4674-97eb-5c5942cfbd3f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_0cbe2288-52d0-4674-97eb-5c5942cfbd3f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_b087e2f7-036e-4465-b35f-1fa748b59f2e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
<link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_140dbba0-5b18-4766-8753-2649ba00d9bb" xlink:to="loc_us-gaap_SupplementalCashFlowInformationAbstract_b087e2f7-036e-4465-b35f-1fa748b59f2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid_74d6b3dd-2ef5-4625-9638-cff186f6f53a" xlink:href="five-20230429.xsd#five_IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_b087e2f7-036e-4465-b35f-1fa748b59f2e" xlink:to="loc_five_IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid_74d6b3dd-2ef5-4625-9638-cff186f6f53a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/SummaryofSignificantAccountingPolicies" xlink:type="simple" xlink:href="five-20230429.xsd#SummaryofSignificantAccountingPolicies"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/SummaryofSignificantAccountingPolicies" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_986ad24e-b956-49d5-bcd6-817b42008b1b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_00de5b5b-39d9-492a-9fa2-1b0cc03e36b7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_986ad24e-b956-49d5-bcd6-817b42008b1b" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_00de5b5b-39d9-492a-9fa2-1b0cc03e36b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/RevenuefromContractsWithCustomers" xlink:type="simple" xlink:href="five-20230429.xsd#RevenuefromContractsWithCustomers"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/RevenuefromContractsWithCustomers" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerAbstract_82d08fce-43ec-45a2-8c49-73e4340f4c7e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RevenueFromContractWithCustomerAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerTextBlock_7b7de600-a0d6-40b4-ab49-de1a860c18f1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RevenueFromContractWithCustomerTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenueFromContractWithCustomerAbstract_82d08fce-43ec-45a2-8c49-73e4340f4c7e" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerTextBlock_7b7de600-a0d6-40b4-ab49-de1a860c18f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/Leases" xlink:type="simple" xlink:href="five-20230429.xsd#Leases"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/Leases" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_4fa7be6e-51e3-410e-8f0c-bafed027f2ae" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LeasesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeasesTextBlock_23206f90-87a1-4362-9585-e30aae286f45" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeasesTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_4fa7be6e-51e3-410e-8f0c-bafed027f2ae" xlink:to="loc_us-gaap_LesseeOperatingLeasesTextBlock_23206f90-87a1-4362-9585-e30aae286f45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/IncomePerCommonShare" xlink:type="simple" xlink:href="five-20230429.xsd#IncomePerCommonShare"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/IncomePerCommonShare" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_d6eee3b6-fdd6-4769-a8f8-1ad3874050d5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_a2ca0ac4-55ef-4a46-b36d-06a673a0851e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_d6eee3b6-fdd6-4769-a8f8-1ad3874050d5" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_a2ca0ac4-55ef-4a46-b36d-06a673a0851e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/LineofCredit" xlink:type="simple" xlink:href="five-20230429.xsd#LineofCredit"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/LineofCredit" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_6995ad46-d3a6-409c-adf3-0d520daa4a18" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_bc05b118-e7d1-4ed3-9bde-6dc3497e94ce" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_6995ad46-d3a6-409c-adf3-0d520daa4a18" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_bc05b118-e7d1-4ed3-9bde-6dc3497e94ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/CommitmentsandContingencies" xlink:type="simple" xlink:href="five-20230429.xsd#CommitmentsandContingencies"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/CommitmentsandContingencies" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_17f0d0d5-a9e9-4014-b104-45c2edbd7ffd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_b81f9592-d9e4-4031-80dc-b6f2f242eb8f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_17f0d0d5-a9e9-4014-b104-45c2edbd7ffd" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_b81f9592-d9e4-4031-80dc-b6f2f242eb8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ShareBasedCompensation" xlink:type="simple" xlink:href="five-20230429.xsd#ShareBasedCompensation"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ShareBasedCompensation" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_dbf1ebbe-ce19-4b62-88ff-27305a8b66ce" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_7c3eb6b7-0ba6-4a12-9cff-601fa4f8c98d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_dbf1ebbe-ce19-4b62-88ff-27305a8b66ce" xlink:to="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_7c3eb6b7-0ba6-4a12-9cff-601fa4f8c98d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/IncomeTaxes" xlink:type="simple" xlink:href="five-20230429.xsd#IncomeTaxes"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/IncomeTaxes" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_8a4bee0f-3652-4829-9fa8-65185de9d245" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureTextBlock_6977c399-b1d4-464f-8780-73456e49b34e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_8a4bee0f-3652-4829-9fa8-65185de9d245" xlink:to="loc_us-gaap_IncomeTaxDisclosureTextBlock_6977c399-b1d4-464f-8780-73456e49b34e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="simple" xlink:href="five-20230429.xsd#SummaryofSignificantAccountingPoliciesPolicies"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_089c1c40-01d6-448a-994e-4b143f0c4b8a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_five_NatureOfBusinessPolicyTextBlock_295efa2a-875c-4044-bcef-0ae9a2202b53" xlink:href="five-20230429.xsd#five_NatureOfBusinessPolicyTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_089c1c40-01d6-448a-994e-4b143f0c4b8a" xlink:to="loc_five_NatureOfBusinessPolicyTextBlock_295efa2a-875c-4044-bcef-0ae9a2202b53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiscalPeriod_00e8405b-076f-4297-9181-940c1d592b61" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FiscalPeriod"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_089c1c40-01d6-448a-994e-4b143f0c4b8a" xlink:to="loc_us-gaap_FiscalPeriod_00e8405b-076f-4297-9181-940c1d592b61" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_19595865-c61f-4013-b51e-4ea9eed52c8b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_089c1c40-01d6-448a-994e-4b143f0c4b8a" xlink:to="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_19595865-c61f-4013-b51e-4ea9eed52c8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_725c9497-c75b-43aa-b615-228f9b85d527" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_089c1c40-01d6-448a-994e-4b143f0c4b8a" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_725c9497-c75b-43aa-b615-228f9b85d527" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_UseOfEstimates_2d6fe418-0be1-4080-b194-2a3121279bed" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_UseOfEstimates"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_089c1c40-01d6-448a-994e-4b143f0c4b8a" xlink:to="loc_us-gaap_UseOfEstimates_2d6fe418-0be1-4080-b194-2a3121279bed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy_33b0fa3d-107f-4083-9b1f-db1e95249221" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_089c1c40-01d6-448a-994e-4b143f0c4b8a" xlink:to="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy_33b0fa3d-107f-4083-9b1f-db1e95249221" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_DeferredCompensationPolicyTextBlock_ef8ddf9e-89f3-403d-b3f3-f243b76017d6" xlink:href="five-20230429.xsd#five_DeferredCompensationPolicyTextBlock"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_089c1c40-01d6-448a-994e-4b143f0c4b8a" xlink:to="loc_five_DeferredCompensationPolicyTextBlock_ef8ddf9e-89f3-403d-b3f3-f243b76017d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueRecognitionPolicyTextBlock_9fbb628d-01f8-45c3-b68e-790df3ba18f3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_089c1c40-01d6-448a-994e-4b143f0c4b8a" xlink:to="loc_us-gaap_RevenueRecognitionPolicyTextBlock_9fbb628d-01f8-45c3-b68e-790df3ba18f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="simple" xlink:href="five-20230429.xsd#SummaryofSignificantAccountingPoliciesTables"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_21461d7d-3645-4434-b24e-d8d5be330e43" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesTextBlock_e06420df-92b5-4249-aece-14cc27817131" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_HeldToMaturitySecuritiesTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_21461d7d-3645-4434-b24e-d8d5be330e43" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesTextBlock_e06420df-92b5-4249-aece-14cc27817131" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/RevenuefromContractsWithCustomersTables" xlink:type="simple" xlink:href="five-20230429.xsd#RevenuefromContractsWithCustomersTables"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/RevenuefromContractsWithCustomersTables" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerAbstract_8c493601-9ebf-47e9-b85b-c9e772f258de" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RevenueFromContractWithCustomerAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueTableTextBlock_f3b6e849-87d3-4a5e-bb08-be45fd083b05" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisaggregationOfRevenueTableTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenueFromContractWithCustomerAbstract_8c493601-9ebf-47e9-b85b-c9e772f258de" xlink:to="loc_us-gaap_DisaggregationOfRevenueTableTextBlock_f3b6e849-87d3-4a5e-bb08-be45fd083b05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/LeasesTables" xlink:type="simple" xlink:href="five-20230429.xsd#LeasesTables"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/LeasesTables" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_914a2a16-97e7-465f-a4c7-f97f5ec94a14" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LeasesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseCostTableTextBlock_d7105598-a26a-4b58-b0b9-050228b2ce28" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LeaseCostTableTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_914a2a16-97e7-465f-a4c7-f97f5ec94a14" xlink:to="loc_us-gaap_LeaseCostTableTextBlock_d7105598-a26a-4b58-b0b9-050228b2ce28" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_ff4eae97-982e-458d-91cf-89f2d8e9f8ba" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_914a2a16-97e7-465f-a4c7-f97f5ec94a14" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_ff4eae97-982e-458d-91cf-89f2d8e9f8ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/IncomePerCommonShareTables" xlink:type="simple" xlink:href="five-20230429.xsd#IncomePerCommonShareTables"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/IncomePerCommonShareTables" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_ffa30e8b-5bb6-4eb9-bd19-c9e3c9c57f0a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_6498d087-2137-49bf-ad3c-ffde9617df2f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_ffa30e8b-5bb6-4eb9-bd19-c9e3c9c57f0a" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_6498d087-2137-49bf-ad3c-ffde9617df2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ShareBasedCompensationTables" xlink:type="simple" xlink:href="five-20230429.xsd#ShareBasedCompensationTables"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ShareBasedCompensationTables" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_82f4bef3-c6eb-4f3f-aa27-99ca1f0187e6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_f4a3f75d-8fb2-4ab3-8ec7-1fa55062ad37" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_82f4bef3-c6eb-4f3f-aa27-99ca1f0187e6" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_f4a3f75d-8fb2-4ab3-8ec7-1fa55062ad37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_7980b42f-34e5-4906-a289-72f3765ecd89" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_82f4bef3-c6eb-4f3f-aa27-99ca1f0187e6" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_7980b42f-34e5-4906-a289-72f3765ecd89" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/IncomeTaxesTables" xlink:type="simple" xlink:href="five-20230429.xsd#IncomeTaxesTables"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/IncomeTaxesTables" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_5ebbe09b-aa2d-4f48-b235-5588e8475db6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_41d40a11-1a57-4802-a4cc-975a770b02e5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5ebbe09b-aa2d-4f48-b235-5588e8475db6" xlink:to="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_41d40a11-1a57-4802-a4cc-975a770b02e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesNatureofBusinessDetails" xlink:type="simple" xlink:href="five-20230429.xsd#SummaryofSignificantAccountingPoliciesNatureofBusinessDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesNatureofBusinessDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_e06ada09-b800-4905-af73-1de45cf638a4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_five_ProductsOfferingPrice_258eb5c9-5a8e-4130-8384-1330d9b232ab" xlink:href="five-20230429.xsd#five_ProductsOfferingPrice"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_e06ada09-b800-4905-af73-1de45cf638a4" xlink:to="loc_five_ProductsOfferingPrice_258eb5c9-5a8e-4130-8384-1330d9b232ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfStatesInWhichEntityOperates_16fffff2-7fc8-4450-950c-c59e0540658f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NumberOfStatesInWhichEntityOperates"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_e06ada09-b800-4905-af73-1de45cf638a4" xlink:to="loc_us-gaap_NumberOfStatesInWhichEntityOperates_16fffff2-7fc8-4450-950c-c59e0540658f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_NumberOfCompanyOperatedStores_67943ba5-fd18-49f4-8fa1-f88b54982aea" xlink:href="five-20230429.xsd#five_NumberOfCompanyOperatedStores"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_e06ada09-b800-4905-af73-1de45cf638a4" xlink:to="loc_five_NumberOfCompanyOperatedStores_67943ba5-fd18-49f4-8fa1-f88b54982aea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_DeferredCompensationArrangementWithIndividualPercentOfEligibleCompensation_b365a9fe-f1d0-4e3e-b034-ce901dddffca" xlink:href="five-20230429.xsd#five_DeferredCompensationArrangementWithIndividualPercentOfEligibleCompensation"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_e06ada09-b800-4905-af73-1de45cf638a4" xlink:to="loc_five_DeferredCompensationArrangementWithIndividualPercentOfEligibleCompensation_b365a9fe-f1d0-4e3e-b034-ce901dddffca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesFairValueofFinancialInstrumentsDetails" xlink:type="simple" xlink:href="five-20230429.xsd#SummaryofSignificantAccountingPoliciesFairValueofFinancialInstrumentsDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesFairValueofFinancialInstrumentsDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_6f7b88d6-4e7b-4cb2-8130-aebc13aea596" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_five_SignificantAccountingPoliciesTable_f29a7fc6-89cd-4143-aac9-0d781b834ce0" xlink:href="five-20230429.xsd#five_SignificantAccountingPoliciesTable"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_6f7b88d6-4e7b-4cb2-8130-aebc13aea596" xlink:to="loc_five_SignificantAccountingPoliciesTable_f29a7fc6-89cd-4143-aac9-0d781b834ce0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeAxis_412da609-8ea4-45fb-8cc1-b89952c8f0a7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentTypeAxis"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_SignificantAccountingPoliciesTable_f29a7fc6-89cd-4143-aac9-0d781b834ce0" xlink:to="loc_us-gaap_InvestmentTypeAxis_412da609-8ea4-45fb-8cc1-b89952c8f0a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_ebf1bcfd-6859-4763-b460-a93a2617e829" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_412da609-8ea4-45fb-8cc1-b89952c8f0a7" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_ebf1bcfd-6859-4763-b460-a93a2617e829" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CorporateBondSecuritiesMember_387d43df-a317-4235-9aba-f9a97f999e6d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CorporateBondSecuritiesMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_ebf1bcfd-6859-4763-b460-a93a2617e829" xlink:to="loc_us-gaap_CorporateBondSecuritiesMember_387d43df-a317-4235-9aba-f9a97f999e6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_MunicipalBondsMember_9c82fee7-13c1-4f07-9de2-8bc6280d8735" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MunicipalBondsMember"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_ebf1bcfd-6859-4763-b460-a93a2617e829" xlink:to="loc_us-gaap_MunicipalBondsMember_9c82fee7-13c1-4f07-9de2-8bc6280d8735" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_CorporateBondSecuritiesLongTermMember_38408fdf-5679-42ce-a6ee-2c8fcbbaa324" xlink:href="five-20230429.xsd#five_CorporateBondSecuritiesLongTermMember"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_ebf1bcfd-6859-4763-b460-a93a2617e829" xlink:to="loc_five_CorporateBondSecuritiesLongTermMember_38408fdf-5679-42ce-a6ee-2c8fcbbaa324" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLongTermInvestmentsMember_e93fb2b7-fd6b-4fab-bfde-7ce97e53b103" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherLongTermInvestmentsMember"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_ebf1bcfd-6859-4763-b460-a93a2617e829" xlink:to="loc_us-gaap_OtherLongTermInvestmentsMember_e93fb2b7-fd6b-4fab-bfde-7ce97e53b103" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_32255dd5-1fb6-410d-980e-3fb402effee5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_SignificantAccountingPoliciesTable_f29a7fc6-89cd-4143-aac9-0d781b834ce0" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_32255dd5-1fb6-410d-980e-3fb402effee5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_756d0d2c-4698-4eb7-a6c2-56f151db7ee7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_32255dd5-1fb6-410d-980e-3fb402effee5" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_756d0d2c-4698-4eb7-a6c2-56f151db7ee7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_3113d2f9-29af-485c-8c4c-dac5c584ab02" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueInputsLevel1Member"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_756d0d2c-4698-4eb7-a6c2-56f151db7ee7" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_3113d2f9-29af-485c-8c4c-dac5c584ab02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_4e0eac09-6548-402a-8417-7b6919e40942" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueInputsLevel2Member"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_756d0d2c-4698-4eb7-a6c2-56f151db7ee7" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_4e0eac09-6548-402a-8417-7b6919e40942" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_SignificantAccountingPoliciesLineItems_41047064-547e-479f-996b-fb587884db01" xlink:href="five-20230429.xsd#five_SignificantAccountingPoliciesLineItems"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_SignificantAccountingPoliciesTable_f29a7fc6-89cd-4143-aac9-0d781b834ce0" xlink:to="loc_five_SignificantAccountingPoliciesLineItems_41047064-547e-479f-996b-fb587884db01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_CashEquivalents_25800b43-f593-4667-a3c3-9414fdb9d196" xlink:href="five-20230429.xsd#five_CashEquivalents"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_SignificantAccountingPoliciesLineItems_41047064-547e-479f-996b-fb587884db01" xlink:to="loc_five_CashEquivalents_25800b43-f593-4667-a3c3-9414fdb9d196" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_HeldToMaturitySecurities_b6b08826-cc07-44f1-bbd2-1aebb9487f73" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_HeldToMaturitySecurities"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_SignificantAccountingPoliciesLineItems_41047064-547e-479f-996b-fb587884db01" xlink:to="loc_us-gaap_HeldToMaturitySecurities_b6b08826-cc07-44f1-bbd2-1aebb9487f73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain_79fe72c8-91e1-4191-bf20-1cedc9bf8539" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_SignificantAccountingPoliciesLineItems_41047064-547e-479f-996b-fb587884db01" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain_79fe72c8-91e1-4191-bf20-1cedc9bf8539" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss_c71cd39b-e083-40f6-bd24-306ed2da18ab" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_SignificantAccountingPoliciesLineItems_41047064-547e-479f-996b-fb587884db01" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss_c71cd39b-e083-40f6-bd24-306ed2da18ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesFairValue_44eb2d35-b73e-4124-95cb-2426d4f96c00" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_SignificantAccountingPoliciesLineItems_41047064-547e-479f-996b-fb587884db01" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesFairValue_44eb2d35-b73e-4124-95cb-2426d4f96c00" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesPrepaidexpensesandOCADetails" xlink:type="simple" xlink:href="five-20230429.xsd#SummaryofSignificantAccountingPoliciesPrepaidexpensesandOCADetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesPrepaidexpensesandOCADetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_e7574a68-1112-4cc8-9e8f-9d23bb9cb476" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_14e0bb2d-8330-4b06-8ab7-ab60983e56cc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PrepaidExpenseCurrentAndNoncurrent"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_e7574a68-1112-4cc8-9e8f-9d23bb9cb476" xlink:to="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_14e0bb2d-8330-4b06-8ab7-ab60983e56cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsCurrent_dcca6a95-2f99-432d-a1fa-50467071033e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherAssetsCurrent"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_e7574a68-1112-4cc8-9e8f-9d23bb9cb476" xlink:to="loc_us-gaap_OtherAssetsCurrent_dcca6a95-2f99-432d-a1fa-50467071033e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesOtherAccruedExpensesDetails" xlink:type="simple" xlink:href="five-20230429.xsd#SummaryofSignificantAccountingPoliciesOtherAccruedExpensesDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/SummaryofSignificantAccountingPoliciesOtherAccruedExpensesDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_6d77cbaa-76ed-4bb9-a36d-bb4513c26721" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_8de03cdf-5ffd-4f47-8aa9-96f88cde0eee" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_6d77cbaa-76ed-4bb9-a36d-bb4513c26721" xlink:to="loc_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_8de03cdf-5ffd-4f47-8aa9-96f88cde0eee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/RevenuefromContractsWithCustomersDetails" xlink:type="simple" xlink:href="five-20230429.xsd#RevenuefromContractsWithCustomersDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/RevenuefromContractsWithCustomersDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerAbstract_f97e2360-968a-45bf-9bc8-268d37a287e8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RevenueFromContractWithCustomerAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_c7118993-2476-48ee-ab50-32ed2e1f0345" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenueFromContractWithCustomerAbstract_f97e2360-968a-45bf-9bc8-268d37a287e8" xlink:to="loc_us-gaap_StatementTable_c7118993-2476-48ee-ab50-32ed2e1f0345" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis_8bcb60b7-f66e-4e11-938b-8ff7d3b1d7aa" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_ProductOrServiceAxis"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_c7118993-2476-48ee-ab50-32ed2e1f0345" xlink:to="loc_srt_ProductOrServiceAxis_8bcb60b7-f66e-4e11-938b-8ff7d3b1d7aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_012a0a82-504c-49dd-a522-22b014768a0a" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_ProductsAndServicesDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductOrServiceAxis_8bcb60b7-f66e-4e11-938b-8ff7d3b1d7aa" xlink:to="loc_srt_ProductsAndServicesDomain_012a0a82-504c-49dd-a522-22b014768a0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_LeisureMember_48e72a82-b7a6-480e-9266-1012f83985b7" xlink:href="five-20230429.xsd#five_LeisureMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_012a0a82-504c-49dd-a522-22b014768a0a" xlink:to="loc_five_LeisureMember_48e72a82-b7a6-480e-9266-1012f83985b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_FashionAndHomeMember_05a45479-0632-4e75-a514-bc441c2161e1" xlink:href="five-20230429.xsd#five_FashionAndHomeMember"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_012a0a82-504c-49dd-a522-22b014768a0a" xlink:to="loc_five_FashionAndHomeMember_05a45479-0632-4e75-a514-bc441c2161e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_PartyAndSnackMember_625f1aaf-93aa-400b-8de9-1e7412c4a459" xlink:href="five-20230429.xsd#five_PartyAndSnackMember"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_012a0a82-504c-49dd-a522-22b014768a0a" xlink:to="loc_five_PartyAndSnackMember_625f1aaf-93aa-400b-8de9-1e7412c4a459" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_1ac6dec4-c3d0-4e09-aef9-d52ab425a843" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementLineItems"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_c7118993-2476-48ee-ab50-32ed2e1f0345" xlink:to="loc_us-gaap_StatementLineItems_1ac6dec4-c3d0-4e09-aef9-d52ab425a843" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_1c7ba121-37b4-4701-8915-32d80c5f2a2c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_1ac6dec4-c3d0-4e09-aef9-d52ab425a843" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_1c7ba121-37b4-4701-8915-32d80c5f2a2c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_NetSalesAsPercentageOfNetSales_5ed37f86-c884-4310-84d0-4cbe373352a2" xlink:href="five-20230429.xsd#five_NetSalesAsPercentageOfNetSales"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_1ac6dec4-c3d0-4e09-aef9-d52ab425a843" xlink:to="loc_five_NetSalesAsPercentageOfNetSales_5ed37f86-c884-4310-84d0-4cbe373352a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/LeasesNarrativeDetails" xlink:type="simple" xlink:href="five-20230429.xsd#LeasesNarrativeDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/LeasesNarrativeDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_1872534a-93c4-44ee-b8ed-9f26f27beaa7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LeasesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_five_NumberOfLeases_80d0b54c-cae4-4042-b715-59c7853853d9" xlink:href="five-20230429.xsd#five_NumberOfLeases"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_1872534a-93c4-44ee-b8ed-9f26f27beaa7" xlink:to="loc_five_NumberOfLeases_80d0b54c-cae4-4042-b715-59c7853853d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseTermOfContract_858c0889-9381-4606-9eac-5c728f073fc6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeaseTermOfContract"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_1872534a-93c4-44ee-b8ed-9f26f27beaa7" xlink:to="loc_us-gaap_LesseeOperatingLeaseTermOfContract_858c0889-9381-4606-9eac-5c728f073fc6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermPurchaseCommitmentAmount_4309e389-f29b-4723-a766-37b5edee5651" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongTermPurchaseCommitmentAmount"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_1872534a-93c4-44ee-b8ed-9f26f27beaa7" xlink:to="loc_us-gaap_LongTermPurchaseCommitmentAmount_4309e389-f29b-4723-a766-37b5edee5651" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_e037c4d5-144d-4028-8d0f-00b2baaf8b0d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_1872534a-93c4-44ee-b8ed-9f26f27beaa7" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_e037c4d5-144d-4028-8d0f-00b2baaf8b0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_8acdef93-18bc-4bea-b7df-a461cbd98a9a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_1872534a-93c4-44ee-b8ed-9f26f27beaa7" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_8acdef93-18bc-4bea-b7df-a461cbd98a9a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/LeasesComponentsofNetLeaseCostDetails" xlink:type="simple" xlink:href="five-20230429.xsd#LeasesComponentsofNetLeaseCostDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/LeasesComponentsofNetLeaseCostDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_81c8f454-fcb5-4c33-91aa-ed3697fd96a6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LeasesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost_43c75089-7789-4230-8e38-7c514c34d16d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeaseCost"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_81c8f454-fcb5-4c33-91aa-ed3697fd96a6" xlink:to="loc_us-gaap_OperatingLeaseCost_43c75089-7789-4230-8e38-7c514c34d16d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableLeaseCost_047e94c6-07ef-4c1f-9610-8a6369044839" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_VariableLeaseCost"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_81c8f454-fcb5-4c33-91aa-ed3697fd96a6" xlink:to="loc_us-gaap_VariableLeaseCost_047e94c6-07ef-4c1f-9610-8a6369044839" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseCost_91ea28c3-ddba-4a0c-b6ef-0dc2e15563de" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LeaseCost"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_81c8f454-fcb5-4c33-91aa-ed3697fd96a6" xlink:to="loc_us-gaap_LeaseCost_91ea28c3-ddba-4a0c-b6ef-0dc2e15563de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/LeasesMaturityofLeaseLiabilitiesUnderOperatingLeasesDetails" xlink:type="simple" xlink:href="five-20230429.xsd#LeasesMaturityofLeaseLiabilitiesUnderOperatingLeasesDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/LeasesMaturityofLeaseLiabilitiesUnderOperatingLeasesDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LeasesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_eb773f56-4444-4494-ae9a-1c51b15bb2ea" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_eb773f56-4444-4494-ae9a-1c51b15bb2ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_bf7d3eac-4f15-4c02-b3c7-537cdc94d258" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_bf7d3eac-4f15-4c02-b3c7-537cdc94d258" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_ee91c7d1-350e-4af2-85f0-9574cd8e6a78" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_ee91c7d1-350e-4af2-85f0-9574cd8e6a78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_d27ba9b3-b4cb-4d11-9f18-a95e364dfce6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_d27ba9b3-b4cb-4d11-9f18-a95e364dfce6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_58200e30-c859-4c83-b9e0-29fe6061ba17" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_58200e30-c859-4c83-b9e0-29fe6061ba17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_LesseeOperatingLeaseLiabilityToBePaidAfterYearFour_3055dbf9-d757-42bc-be2e-e193986aa004" xlink:href="five-20230429.xsd#five_LesseeOperatingLeaseLiabilityToBePaidAfterYearFour"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:to="loc_five_LesseeOperatingLeaseLiabilityToBePaidAfterYearFour_3055dbf9-d757-42bc-be2e-e193986aa004" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_a603db6b-d57e-47c5-ada2-b3fbaa3c3eed" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_a603db6b-d57e-47c5-ada2-b3fbaa3c3eed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_0f1059a8-8ee4-42ba-901a-4c775a7488ec" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_0f1059a8-8ee4-42ba-901a-4c775a7488ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_61e6b76a-911d-477f-90b0-6370f840369f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeaseLiability"/>
<link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_c841f3ef-bdcb-4e70-8892-044df9adb73c" xlink:to="loc_us-gaap_OperatingLeaseLiability_61e6b76a-911d-477f-90b0-6370f840369f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/LeasesMaturityofLeaseLiabilitiesUnderOperatingLeasesDetails_1" xlink:type="simple" xlink:href="five-20230429.xsd#LeasesMaturityofLeaseLiabilitiesUnderOperatingLeasesDetails_1"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/LeasesMaturityofLeaseLiabilitiesUnderOperatingLeasesDetails_1" xlink:type="extended"/>
<link:roleRef roleURI="http://www.fivebelow.com/role/LeasesSupplementalCashFlowInformationDetails" xlink:type="simple" xlink:href="five-20230429.xsd#LeasesSupplementalCashFlowInformationDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/LeasesSupplementalCashFlowInformationDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_f684e8b8-85a2-45f7-8925-21326f77b1ef" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LeasesAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowOperatingActivitiesLesseeAbstract_bc852d4a-cfec-4a09-8e4a-80dbbae7f2cb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashFlowOperatingActivitiesLesseeAbstract"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_f684e8b8-85a2-45f7-8925-21326f77b1ef" xlink:to="loc_us-gaap_CashFlowOperatingActivitiesLesseeAbstract_bc852d4a-cfec-4a09-8e4a-80dbbae7f2cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeasePayments_108aa781-7040-42e7-95e5-69de697156e5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeasePayments"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowOperatingActivitiesLesseeAbstract_bc852d4a-cfec-4a09-8e4a-80dbbae7f2cb" xlink:to="loc_us-gaap_OperatingLeasePayments_108aa781-7040-42e7-95e5-69de697156e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_6e535045-23b0-4b4b-875c-44ac1d00a7ee" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_f684e8b8-85a2-45f7-8925-21326f77b1ef" xlink:to="loc_us-gaap_SupplementalCashFlowInformationAbstract_6e535045-23b0-4b4b-875c-44ac1d00a7ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_1b8994d1-93f0-4d6d-abaa-0295ae70667b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_6e535045-23b0-4b4b-875c-44ac1d00a7ee" xlink:to="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_1b8994d1-93f0-4d6d-abaa-0295ae70667b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/IncomePerCommonShareComputationsOfBasicAndDilutedIncomeLossPerShareDetails" xlink:type="simple" xlink:href="five-20230429.xsd#IncomePerCommonShareComputationsOfBasicAndDilutedIncomeLossPerShareDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/IncomePerCommonShareComputationsOfBasicAndDilutedIncomeLossPerShareDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_680e7306-ecc8-4ee7-8240-ffecfe7cfbe1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_five_NumeratorAbstract_3de3b80a-c8d4-4927-b9a8-f8341af706e8" xlink:href="five-20230429.xsd#five_NumeratorAbstract"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_680e7306-ecc8-4ee7-8240-ffecfe7cfbe1" xlink:to="loc_five_NumeratorAbstract_3de3b80a-c8d4-4927-b9a8-f8341af706e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_aaeaebae-7175-4d07-8788-8124fb1414bc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLoss"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_NumeratorAbstract_3de3b80a-c8d4-4927-b9a8-f8341af706e8" xlink:to="loc_us-gaap_NetIncomeLoss_aaeaebae-7175-4d07-8788-8124fb1414bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_DenominatorAbstract_8b825977-051f-4cde-b6af-39965349138f" xlink:href="five-20230429.xsd#five_DenominatorAbstract"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_680e7306-ecc8-4ee7-8240-ffecfe7cfbe1" xlink:to="loc_five_DenominatorAbstract_8b825977-051f-4cde-b6af-39965349138f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_ffba959c-afb4-4d1d-ae22-6255efef119a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_DenominatorAbstract_8b825977-051f-4cde-b6af-39965349138f" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_ffba959c-afb4-4d1d-ae22-6255efef119a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_42e50d62-912c-4c18-8302-4ee9ba87b94e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_DenominatorAbstract_8b825977-051f-4cde-b6af-39965349138f" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_42e50d62-912c-4c18-8302-4ee9ba87b94e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_e00e5b51-3335-4553-9c4d-e07c004b95f1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_DenominatorAbstract_8b825977-051f-4cde-b6af-39965349138f" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_e00e5b51-3335-4553-9c4d-e07c004b95f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_00942745-fd1a-47a3-9c0a-7342b0c6e8d0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareBasicAndDilutedAbstract"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_680e7306-ecc8-4ee7-8240-ffecfe7cfbe1" xlink:to="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_00942745-fd1a-47a3-9c0a-7342b0c6e8d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_05b2a0ab-91a6-4122-abb8-8d100538e0fd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareBasic"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_00942745-fd1a-47a3-9c0a-7342b0c6e8d0" xlink:to="loc_us-gaap_EarningsPerShareBasic_05b2a0ab-91a6-4122-abb8-8d100538e0fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_8feded21-2a88-45b8-8c7c-34ecd42f86b0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareDiluted"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_00942745-fd1a-47a3-9c0a-7342b0c6e8d0" xlink:to="loc_us-gaap_EarningsPerShareDiluted_8feded21-2a88-45b8-8c7c-34ecd42f86b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/IncomePerCommonShareNarrativeDetails" xlink:type="simple" xlink:href="five-20230429.xsd#IncomePerCommonShareNarrativeDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/IncomePerCommonShareNarrativeDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_619c6be4-a39b-425f-ad35-db9c72ddb8ec" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_153c46b8-e9de-45f7-80be-4efdf2b8beed" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_619c6be4-a39b-425f-ad35-db9c72ddb8ec" xlink:to="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_153c46b8-e9de-45f7-80be-4efdf2b8beed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_14334c6d-4a84-424d-bd63-9af251d83ea1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_153c46b8-e9de-45f7-80be-4efdf2b8beed" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_14334c6d-4a84-424d-bd63-9af251d83ea1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesNameDomain_d75a194a-70d3-4663-848e-1dff85ee5bad" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_14334c6d-4a84-424d-bd63-9af251d83ea1" xlink:to="loc_us-gaap_AntidilutiveSecuritiesNameDomain_d75a194a-70d3-4663-848e-1dff85ee5bad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockUnitsRSUMember_0d20a00b-ab30-4e2b-9186-b9dfcb79a448" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_d75a194a-70d3-4663-848e-1dff85ee5bad" xlink:to="loc_us-gaap_RestrictedStockUnitsRSUMember_0d20a00b-ab30-4e2b-9186-b9dfcb79a448" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_d2858c16-c81b-4115-9c14-b50bb2035408" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_153c46b8-e9de-45f7-80be-4efdf2b8beed" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_d2858c16-c81b-4115-9c14-b50bb2035408" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_0f7af017-f6bb-405b-80e0-e5273a7b84f6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_d2858c16-c81b-4115-9c14-b50bb2035408" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_0f7af017-f6bb-405b-80e0-e5273a7b84f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/LineofCreditLineofCreditDetails" xlink:type="simple" xlink:href="five-20230429.xsd#LineofCreditLineofCreditDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/LineofCreditLineofCreditDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_8dfaaa4e-89c7-40db-914d-7cd59985eb9c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_0bcb794c-b739-4776-a2e4-c6d0d303dc1e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentTable"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_8dfaaa4e-89c7-40db-914d-7cd59985eb9c" xlink:to="loc_us-gaap_DebtInstrumentTable_0bcb794c-b739-4776-a2e4-c6d0d303dc1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateAxis_2a6f6038-0ca3-49ce-8f50-986c91388586" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_VariableRateAxis"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0bcb794c-b739-4776-a2e4-c6d0d303dc1e" xlink:to="loc_us-gaap_VariableRateAxis_2a6f6038-0ca3-49ce-8f50-986c91388586" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateDomain_907b6792-93d9-4368-9867-ea890fb7cf5e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_VariableRateDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateAxis_2a6f6038-0ca3-49ce-8f50-986c91388586" xlink:to="loc_us-gaap_VariableRateDomain_907b6792-93d9-4368-9867-ea890fb7cf5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_d6f07aa0-3a7f-4514-9b13-09f7a70544cf" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_907b6792-93d9-4368-9867-ea890fb7cf5e" xlink:to="loc_us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_d6f07aa0-3a7f-4514-9b13-09f7a70544cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_BaseRateMember_fc62add3-5c86-4bee-8415-5d29242b706f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BaseRateMember"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_907b6792-93d9-4368-9867-ea890fb7cf5e" xlink:to="loc_us-gaap_BaseRateMember_fc62add3-5c86-4bee-8415-5d29242b706f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_e8f2b2b2-b4c9-4f8b-aead-01c777729d53" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0bcb794c-b739-4776-a2e4-c6d0d303dc1e" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_e8f2b2b2-b4c9-4f8b-aead-01c777729d53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_53085f98-d105-4322-8ab0-b8b6c9c4282a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_e8f2b2b2-b4c9-4f8b-aead-01c777729d53" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_53085f98-d105-4322-8ab0-b8b6c9c4282a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_87667909-8f64-4a5e-9f6a-7feea4a1edac" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_53085f98-d105-4322-8ab0-b8b6c9c4282a" xlink:to="loc_us-gaap_LineOfCreditMember_87667909-8f64-4a5e-9f6a-7feea4a1edac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityAxis_d67be841-a88d-42c2-9ba3-c5128556c4fa" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CreditFacilityAxis"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0bcb794c-b739-4776-a2e4-c6d0d303dc1e" xlink:to="loc_us-gaap_CreditFacilityAxis_d67be841-a88d-42c2-9ba3-c5128556c4fa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityDomain_4c4a8a13-a106-4c06-a1ff-d0c4aca5c836" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CreditFacilityDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_d67be841-a88d-42c2-9ba3-c5128556c4fa" xlink:to="loc_us-gaap_CreditFacilityDomain_4c4a8a13-a106-4c06-a1ff-d0c4aca5c836" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_AmendedRevolvingCreditFacilityMember_798d2dfd-e26b-49e0-9a0a-15625e4f6b62" xlink:href="five-20230429.xsd#five_AmendedRevolvingCreditFacilityMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_4c4a8a13-a106-4c06-a1ff-d0c4aca5c836" xlink:to="loc_five_AmendedRevolvingCreditFacilityMember_798d2dfd-e26b-49e0-9a0a-15625e4f6b62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_5e366e46-605b-41f3-9b1c-6f7ea26d25d9" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeAxis"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0bcb794c-b739-4776-a2e4-c6d0d303dc1e" xlink:to="loc_srt_RangeAxis_5e366e46-605b-41f3-9b1c-6f7ea26d25d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_e66c9fbf-34b2-46e6-9aa9-f2fba307e0cc" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_5e366e46-605b-41f3-9b1c-6f7ea26d25d9" xlink:to="loc_srt_RangeMember_e66c9fbf-34b2-46e6-9aa9-f2fba307e0cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_f54622a9-7eab-4312-8928-60380a54926d" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MinimumMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_e66c9fbf-34b2-46e6-9aa9-f2fba307e0cc" xlink:to="loc_srt_MinimumMember_f54622a9-7eab-4312-8928-60380a54926d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_7238d746-24b4-45a4-9a44-13162e68a72c" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MaximumMember"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_e66c9fbf-34b2-46e6-9aa9-f2fba307e0cc" xlink:to="loc_srt_MaximumMember_7238d746-24b4-45a4-9a44-13162e68a72c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_0bcb794c-b739-4776-a2e4-c6d0d303dc1e" xlink:to="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_a7d374ed-0e1c-4243-9d74-e1a4fbd4330b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_a7d374ed-0e1c-4243-9d74-e1a4fbd4330b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_d92ae28d-15ea-4b96-9562-055697307df3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_d92ae28d-15ea-4b96-9562-055697307df3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_66373845-ed30-42fc-a117-8d2efaad9b17" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_66373845-ed30-42fc-a117-8d2efaad9b17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_LineofCreditFacilityAccordionFeatureIncreaseLimit_0c2be0f9-2b20-4c44-bd56-f1a2c5eccf49" xlink:href="five-20230429.xsd#five_LineofCreditFacilityAccordionFeatureIncreaseLimit"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_five_LineofCreditFacilityAccordionFeatureIncreaseLimit_0c2be0f9-2b20-4c44-bd56-f1a2c5eccf49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_LineOfCreditFacilityMaximumAllowedToBeBorrowedBasedOnAvailableCashBalance_ae15c487-9d2f-4293-a775-784f4a1599c2" xlink:href="five-20230429.xsd#five_LineOfCreditFacilityMaximumAllowedToBeBorrowedBasedOnAvailableCashBalance"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_five_LineOfCreditFacilityMaximumAllowedToBeBorrowedBasedOnAvailableCashBalance_ae15c487-9d2f-4293-a775-784f4a1599c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_MinimumAvailabilityOfAggregateCommitmentsAndLoanCapRequiredPercent_4dee0ced-aa65-4c97-b86d-6028e701b32a" xlink:href="five-20230429.xsd#five_MinimumAvailabilityOfAggregateCommitmentsAndLoanCapRequiredPercent"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_five_MinimumAvailabilityOfAggregateCommitmentsAndLoanCapRequiredPercent_4dee0ced-aa65-4c97-b86d-6028e701b32a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_MinimumAvailabilityOfLoanCapAfterStepdownDateRequiredPercent_94b00098-7e2f-4cd7-ad1d-7c78f4824cf6" xlink:href="five-20230429.xsd#five_MinimumAvailabilityOfLoanCapAfterStepdownDateRequiredPercent"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_five_MinimumAvailabilityOfLoanCapAfterStepdownDateRequiredPercent_94b00098-7e2f-4cd7-ad1d-7c78f4824cf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_MinimumAvailabilityOfAggregateCommitmentsAndLoanCapRequiredInEventOfDefaultOrAvailabilityPercent_cc23abeb-e903-44ac-8d2c-6bc9bc992bf3" xlink:href="five-20230429.xsd#five_MinimumAvailabilityOfAggregateCommitmentsAndLoanCapRequiredInEventOfDefaultOrAvailabilityPercent"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_five_MinimumAvailabilityOfAggregateCommitmentsAndLoanCapRequiredInEventOfDefaultOrAvailabilityPercent_cc23abeb-e903-44ac-8d2c-6bc9bc992bf3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_PeriodRequiredForAvailabilityOfLoanCapRequirement_6ecc69f2-427d-4985-ac34-139ad201b7f7" xlink:href="five-20230429.xsd#five_PeriodRequiredForAvailabilityOfLoanCapRequirement"/>
<link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_five_PeriodRequiredForAvailabilityOfLoanCapRequirement_6ecc69f2-427d-4985-ac34-139ad201b7f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_628db330-a4c8-4943-a699-18a538077a66" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity"/>
<link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_628db330-a4c8-4943-a699-18a538077a66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_22c57699-a399-45cc-af50-2dc65ff23c3a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity"/>
<link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_934c3e2d-940c-486a-b01e-eeb4c54b3541" xlink:to="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_22c57699-a399-45cc-af50-2dc65ff23c3a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/CommitmentsandContingenciesNarrativeDetails" xlink:type="simple" xlink:href="five-20230429.xsd#CommitmentsandContingenciesNarrativeDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/CommitmentsandContingenciesNarrativeDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_2fbcee1e-9def-43ff-be3f-0e334e030784" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_8e78b038-0717-42f3-82df-0a24d31ffa5c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_2fbcee1e-9def-43ff-be3f-0e334e030784" xlink:to="loc_us-gaap_PurchaseCommitmentRemainingMinimumAmountCommitted_8e78b038-0717-42f3-82df-0a24d31ffa5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ShareBasedCompensation2002EquityIncentivePlanDetails" xlink:type="simple" xlink:href="five-20230429.xsd#ShareBasedCompensation2002EquityIncentivePlanDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ShareBasedCompensation2002EquityIncentivePlanDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_4ad8b29e-97d6-49e8-bb9a-be3902ca8f48" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_aac0c0a7-b0ad-4cb7-911a-75fee179fc88" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_4ad8b29e-97d6-49e8-bb9a-be3902ca8f48" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_aac0c0a7-b0ad-4cb7-911a-75fee179fc88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis_7247ea63-78ec-4f81-abfe-90a3df18e89b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PlanNameAxis"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_aac0c0a7-b0ad-4cb7-911a-75fee179fc88" xlink:to="loc_us-gaap_PlanNameAxis_7247ea63-78ec-4f81-abfe-90a3df18e89b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_c4f0ea1d-ae23-4ef9-b57a-2011d5d56bd8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PlanNameDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameAxis_7247ea63-78ec-4f81-abfe-90a3df18e89b" xlink:to="loc_us-gaap_PlanNameDomain_c4f0ea1d-ae23-4ef9-b57a-2011d5d56bd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_TwoThousandTwoSeniorManagementEquityIncentivePlanMember_d7c35e79-9039-4a9b-b471-6e0ca96c35da" xlink:href="five-20230429.xsd#five_TwoThousandTwoSeniorManagementEquityIncentivePlanMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameDomain_c4f0ea1d-ae23-4ef9-b57a-2011d5d56bd8" xlink:to="loc_five_TwoThousandTwoSeniorManagementEquityIncentivePlanMember_d7c35e79-9039-4a9b-b471-6e0ca96c35da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_997079e2-dc58-43ee-aab0-c4c6a7210b55" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_aac0c0a7-b0ad-4cb7-911a-75fee179fc88" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_997079e2-dc58-43ee-aab0-c4c6a7210b55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_19ff6cef-8d23-4f93-a2c6-d1d5ac912587" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_997079e2-dc58-43ee-aab0-c4c6a7210b55" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_19ff6cef-8d23-4f93-a2c6-d1d5ac912587" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndNonOptionEquityInstrumentsOutstandingNumber_f71af9c3-a801-434d-9200-d9542bdc7853" xlink:href="five-20230429.xsd#five_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndNonOptionEquityInstrumentsOutstandingNumber"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_997079e2-dc58-43ee-aab0-c4c6a7210b55" xlink:to="loc_five_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndNonOptionEquityInstrumentsOutstandingNumber_f71af9c3-a801-434d-9200-d9542bdc7853" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ShareBasedCompensationScheduleOfStockOptionActivityUnderPlanDetails" xlink:type="simple" xlink:href="five-20230429.xsd#ShareBasedCompensationScheduleOfStockOptionActivityUnderPlanDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ShareBasedCompensationScheduleOfStockOptionActivityUnderPlanDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_d14696da-afa3-4940-8452-6e9c43632a8a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_five_StockOptionMaximumTerm_dc78e2aa-a0dd-4dc4-92f7-6e984fca5bb3" xlink:href="five-20230429.xsd#five_StockOptionMaximumTerm"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_d14696da-afa3-4940-8452-6e9c43632a8a" xlink:to="loc_five_StockOptionMaximumTerm_dc78e2aa-a0dd-4dc4-92f7-6e984fca5bb3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_StockOptionVestingPeriod_7bf47a5c-5185-4020-b3da-e4a5e458ac25" xlink:href="five-20230429.xsd#five_StockOptionVestingPeriod"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_d14696da-afa3-4940-8452-6e9c43632a8a" xlink:to="loc_five_StockOptionVestingPeriod_7bf47a5c-5185-4020-b3da-e4a5e458ac25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_c7d9b042-d7bc-4efc-bc4d-0763cf3bdb39" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_d14696da-afa3-4940-8452-6e9c43632a8a" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_c7d9b042-d7bc-4efc-bc4d-0763cf3bdb39" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_95a0fb07-a39e-43b1-8b4b-4565f81b359d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_c7d9b042-d7bc-4efc-bc4d-0763cf3bdb39" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_95a0fb07-a39e-43b1-8b4b-4565f81b359d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c2ac4a95-7e60-48d4-9b4e-4c5648fc2507" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_c7d9b042-d7bc-4efc-bc4d-0763cf3bdb39" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c2ac4a95-7e60-48d4-9b4e-4c5648fc2507" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_5876e80d-425b-4ed3-9420-694b5b4d1fbc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_c7d9b042-d7bc-4efc-bc4d-0763cf3bdb39" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_5876e80d-425b-4ed3-9420-694b5b4d1fbc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_fb428547-359c-4f3f-b445-8cd5cbccf543" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_c7d9b042-d7bc-4efc-bc4d-0763cf3bdb39" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_fb428547-359c-4f3f-b445-8cd5cbccf543" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_ad7e407f-4c6b-4a30-a8ef-b71ed8e60ef6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_c7d9b042-d7bc-4efc-bc4d-0763cf3bdb39" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_ad7e407f-4c6b-4a30-a8ef-b71ed8e60ef6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_3be36199-32b7-4364-9ac9-3a0a36eb3c71" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_d14696da-afa3-4940-8452-6e9c43632a8a" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_3be36199-32b7-4364-9ac9-3a0a36eb3c71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_039eea18-f1fe-4402-8023-62000f61df6d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_d14696da-afa3-4940-8452-6e9c43632a8a" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_039eea18-f1fe-4402-8023-62000f61df6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_8d1cd68c-3d26-431e-b0e6-c705e87d5281" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_039eea18-f1fe-4402-8023-62000f61df6d" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_8d1cd68c-3d26-431e-b0e6-c705e87d5281" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_fc7d8234-e8d7-4ea1-92c6-471a9df74c79" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_039eea18-f1fe-4402-8023-62000f61df6d" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_fc7d8234-e8d7-4ea1-92c6-471a9df74c79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_e5b7c250-3c15-4e48-b507-85157a440d3d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_039eea18-f1fe-4402-8023-62000f61df6d" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_e5b7c250-3c15-4e48-b507-85157a440d3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_1dcfc37e-12af-44f3-b63a-5f4c5958d272" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_039eea18-f1fe-4402-8023-62000f61df6d" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_1dcfc37e-12af-44f3-b63a-5f4c5958d272" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_f7c90a1e-76db-436c-8ef3-f9b8c276969b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_039eea18-f1fe-4402-8023-62000f61df6d" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_f7c90a1e-76db-436c-8ef3-f9b8c276969b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_22030276-d6db-4bf5-9932-cc9e90e7410e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_d14696da-afa3-4940-8452-6e9c43632a8a" xlink:to="loc_us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_22030276-d6db-4bf5-9932-cc9e90e7410e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_e961f2cf-8d5b-4d9b-99e9-b666b58447ae" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_d14696da-afa3-4940-8452-6e9c43632a8a" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_e961f2cf-8d5b-4d9b-99e9-b666b58447ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_1111d9cd-a563-4bd5-be49-0eb287bd0748" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1"/>
<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_d14696da-afa3-4940-8452-6e9c43632a8a" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_1111d9cd-a563-4bd5-be49-0eb287bd0748" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ShareBasedCompensationShareBasedCompensationValuationofStockOptionsDetails" xlink:type="simple" xlink:href="five-20230429.xsd#ShareBasedCompensationShareBasedCompensationValuationofStockOptionsDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ShareBasedCompensationShareBasedCompensationValuationofStockOptionsDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationAbstract_521dcb64-219d-41ac-99ea-8e34efb6dff2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesOther_d3da42cd-0a0d-4fc9-9627-479c5fe51854" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesOther"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationAbstract_521dcb64-219d-41ac-99ea-8e34efb6dff2" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesOther_d3da42cd-0a0d-4fc9-9627-479c5fe51854" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ShareBasedCompensationRestrictedStockUnitsandPerformanceBasedRestrictedStockUnitsDetails" xlink:type="simple" xlink:href="five-20230429.xsd#ShareBasedCompensationRestrictedStockUnitsandPerformanceBasedRestrictedStockUnitsDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ShareBasedCompensationRestrictedStockUnitsandPerformanceBasedRestrictedStockUnitsDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_b53857a2-5733-4b40-bf2e-c0d4949f90ea" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_96f8fa53-2e24-4055-aae1-67d355ca321a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_b53857a2-5733-4b40-bf2e-c0d4949f90ea" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_96f8fa53-2e24-4055-aae1-67d355ca321a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_a31240c2-647c-4a17-849a-dbceee28d9c0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_96f8fa53-2e24-4055-aae1-67d355ca321a" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_a31240c2-647c-4a17-849a-dbceee28d9c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_66618079-284a-46ff-ab93-72a2bcf2f586" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EquityComponentDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_a31240c2-647c-4a17-849a-dbceee28d9c0" xlink:to="loc_us-gaap_EquityComponentDomain_66618079-284a-46ff-ab93-72a2bcf2f586" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonMember_55a3de9c-237c-483e-84a1-40e496083041" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TreasuryStockCommonMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_66618079-284a-46ff-ab93-72a2bcf2f586" xlink:to="loc_us-gaap_TreasuryStockCommonMember_55a3de9c-237c-483e-84a1-40e496083041" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_626b65e6-fea3-4ad7-a8f2-f5f20a68e551" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_66618079-284a-46ff-ab93-72a2bcf2f586" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_626b65e6-fea3-4ad7-a8f2-f5f20a68e551" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_daf807b7-4262-417f-97a2-9b999fd9ac8a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AwardTypeAxis"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_96f8fa53-2e24-4055-aae1-67d355ca321a" xlink:to="loc_us-gaap_AwardTypeAxis_daf807b7-4262-417f-97a2-9b999fd9ac8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_25588023-5ef6-435c-b9bd-3d5a5a0c919f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_daf807b7-4262-417f-97a2-9b999fd9ac8a" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_25588023-5ef6-435c-b9bd-3d5a5a0c919f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_PerformanceBasedRestrictedStockUnitsBasedOnMarketConditionMember_3ffd6a05-92bc-428e-8e86-a30f8cfff575" xlink:href="five-20230429.xsd#five_PerformanceBasedRestrictedStockUnitsBasedOnMarketConditionMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_25588023-5ef6-435c-b9bd-3d5a5a0c919f" xlink:to="loc_five_PerformanceBasedRestrictedStockUnitsBasedOnMarketConditionMember_3ffd6a05-92bc-428e-8e86-a30f8cfff575" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockUnitsRSUMember_cdbc52ea-cb48-4e5f-bf39-d3834497d9c8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_25588023-5ef6-435c-b9bd-3d5a5a0c919f" xlink:to="loc_us-gaap_RestrictedStockUnitsRSUMember_cdbc52ea-cb48-4e5f-bf39-d3834497d9c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_PerformanceRestrictedStockUnitsMember_bab5fe4a-a1a8-4747-9e51-4bd33f6971ad" xlink:href="five-20230429.xsd#five_PerformanceRestrictedStockUnitsMember"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_25588023-5ef6-435c-b9bd-3d5a5a0c919f" xlink:to="loc_five_PerformanceRestrictedStockUnitsMember_bab5fe4a-a1a8-4747-9e51-4bd33f6971ad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_RestrictedStockUnitsAndPerformanceBasedRestrictedStockUnitsMember_4eea65c2-f15e-4487-b03c-68095a049cf3" xlink:href="five-20230429.xsd#five_RestrictedStockUnitsAndPerformanceBasedRestrictedStockUnitsMember"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_25588023-5ef6-435c-b9bd-3d5a5a0c919f" xlink:to="loc_five_RestrictedStockUnitsAndPerformanceBasedRestrictedStockUnitsMember_4eea65c2-f15e-4487-b03c-68095a049cf3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_d006df9a-c62f-4976-82eb-7da829025504" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeAxis"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_96f8fa53-2e24-4055-aae1-67d355ca321a" xlink:to="loc_srt_RangeAxis_d006df9a-c62f-4976-82eb-7da829025504" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_a10229e2-efdc-4653-b3b6-dd5158b031fc" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_d006df9a-c62f-4976-82eb-7da829025504" xlink:to="loc_srt_RangeMember_a10229e2-efdc-4653-b3b6-dd5158b031fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_4cadba92-1a06-4b6d-a31c-d82fc20f3b5b" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MinimumMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_a10229e2-efdc-4653-b3b6-dd5158b031fc" xlink:to="loc_srt_MinimumMember_4cadba92-1a06-4b6d-a31c-d82fc20f3b5b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_60692de1-9f4a-43a2-adc8-5e135652c210" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MaximumMember"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_a10229e2-efdc-4653-b3b6-dd5158b031fc" xlink:to="loc_srt_MaximumMember_60692de1-9f4a-43a2-adc8-5e135652c210" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_e7ba0c8a-4b3d-4eed-8f4b-0fc8e698fa42" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_96f8fa53-2e24-4055-aae1-67d355ca321a" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_e7ba0c8a-4b3d-4eed-8f4b-0fc8e698fa42" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_eca9d682-ae05-4628-b403-07c9cf804738" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_e7ba0c8a-4b3d-4eed-8f4b-0fc8e698fa42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_eca9d682-ae05-4628-b403-07c9cf804738" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_37d73703-dada-40b6-8c08-075ac416fb61" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_e7ba0c8a-4b3d-4eed-8f4b-0fc8e698fa42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_37d73703-dada-40b6-8c08-075ac416fb61" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_9165c021-fdca-4b9e-ab04-bcb01ee2e430" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_37d73703-dada-40b6-8c08-075ac416fb61" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_9165c021-fdca-4b9e-ab04-bcb01ee2e430" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_02f2111f-8427-478e-b4b3-a17dc97accbb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_37d73703-dada-40b6-8c08-075ac416fb61" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_02f2111f-8427-478e-b4b3-a17dc97accbb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_34979aa4-8b95-4b86-bd63-d0d3a28b669d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_37d73703-dada-40b6-8c08-075ac416fb61" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_34979aa4-8b95-4b86-bd63-d0d3a28b669d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_d9515731-18f7-4bc9-89ef-f208991e079b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_37d73703-dada-40b6-8c08-075ac416fb61" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_d9515731-18f7-4bc9-89ef-f208991e079b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_095c68ac-d67a-49b2-9fdb-e0b1e48ab457" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_37d73703-dada-40b6-8c08-075ac416fb61" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_095c68ac-d67a-49b2-9fdb-e0b1e48ab457" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_be654a35-95e2-4cf4-8cac-98fb0c1448d6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_e7ba0c8a-4b3d-4eed-8f4b-0fc8e698fa42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_be654a35-95e2-4cf4-8cac-98fb0c1448d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_bbc0c215-d842-4a82-a47c-d14766e41dff" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_be654a35-95e2-4cf4-8cac-98fb0c1448d6" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_bbc0c215-d842-4a82-a47c-d14766e41dff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_138e50c7-5048-4b11-8227-d9ea5547134a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_be654a35-95e2-4cf4-8cac-98fb0c1448d6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_138e50c7-5048-4b11-8227-d9ea5547134a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_a6410db6-c7a5-407d-8d62-1492a5a357df" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_be654a35-95e2-4cf4-8cac-98fb0c1448d6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_a6410db6-c7a5-407d-8d62-1492a5a357df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_8cf9e82b-b8da-4a19-a8b3-1b1054f196e1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_be654a35-95e2-4cf4-8cac-98fb0c1448d6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_8cf9e82b-b8da-4a19-a8b3-1b1054f196e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_962266f0-3955-4c24-a423-2c4f5cff083a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_be654a35-95e2-4cf4-8cac-98fb0c1448d6" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_962266f0-3955-4c24-a423-2c4f5cff083a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodShares_2bf70a83-96dc-4357-a46f-222f601f3d0b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_e7ba0c8a-4b3d-4eed-8f4b-0fc8e698fa42" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodShares_2bf70a83-96dc-4357-a46f-222f601f3d0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_4a313e98-2dc3-4dd6-b727-2de31288f5bb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodValue"/>
<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_e7ba0c8a-4b3d-4eed-8f4b-0fc8e698fa42" xlink:to="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_4a313e98-2dc3-4dd6-b727-2de31288f5bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_bc507b74-4b2f-41d6-871f-1af132e1415d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_e7ba0c8a-4b3d-4eed-8f4b-0fc8e698fa42" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_bc507b74-4b2f-41d6-871f-1af132e1415d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_543c71a9-2ec1-497a-8b4a-85dfaf41d1a3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1"/>
<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_e7ba0c8a-4b3d-4eed-8f4b-0fc8e698fa42" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_543c71a9-2ec1-497a-8b4a-85dfaf41d1a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/ShareBasedCompensationShareRepurchaseProgramDetails" xlink:type="simple" xlink:href="five-20230429.xsd#ShareBasedCompensationShareRepurchaseProgramDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/ShareBasedCompensationShareRepurchaseProgramDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_05898ea5-144c-4dea-8837-8707af9c2e37" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramAuthorizedAmount1_307332c2-e059-4cb2-bd72-49514befaea8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_05898ea5-144c-4dea-8837-8707af9c2e37" xlink:to="loc_us-gaap_StockRepurchaseProgramAuthorizedAmount1_307332c2-e059-4cb2-bd72-49514befaea8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodShares_42ba33c5-b2bf-413d-a564-553d5d3e1523" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodShares"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_05898ea5-144c-4dea-8837-8707af9c2e37" xlink:to="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodShares_42ba33c5-b2bf-413d-a564-553d5d3e1523" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_5651c23e-f59e-4d24-9c79-2fc36ab47f6d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodValue"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_05898ea5-144c-4dea-8837-8707af9c2e37" xlink:to="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_5651c23e-f59e-4d24-9c79-2fc36ab47f6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased_7b169e9e-b62a-4e01-8de0-c05f0470870f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased"/>
<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_05898ea5-144c-4dea-8837-8707af9c2e37" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased_7b169e9e-b62a-4e01-8de0-c05f0470870f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/IncomeTaxesScheduleofEffectiveIncomeTaxRateReconciliationDetails" xlink:type="simple" xlink:href="five-20230429.xsd#IncomeTaxesScheduleofEffectiveIncomeTaxRateReconciliationDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/IncomeTaxesScheduleofEffectiveIncomeTaxRateReconciliationDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_607a6fe0-9efb-464d-90f3-cbb64125e625" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_af088b17-9b6f-4654-a812-2e2264e32d02" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_607a6fe0-9efb-464d-90f3-cbb64125e625" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_af088b17-9b6f-4654-a812-2e2264e32d02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_4893bef9-1f02-455b-a6d8-6f56374f5abe" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_607a6fe0-9efb-464d-90f3-cbb64125e625" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_4893bef9-1f02-455b-a6d8-6f56374f5abe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_f5f67e94-3dcd-4c05-83a8-1ca0e041b9f5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_607a6fe0-9efb-464d-90f3-cbb64125e625" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_f5f67e94-3dcd-4c05-83a8-1ca0e041b9f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
<link:roleRef roleURI="http://www.fivebelow.com/role/IncomeTaxesNarrativeDetails" xlink:type="simple" xlink:href="five-20230429.xsd#IncomeTaxesNarrativeDetails"/>
<link:presentationLink xlink:role="http://www.fivebelow.com/role/IncomeTaxesNarrativeDetails" xlink:type="extended">
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_250f145f-2055-4239-b616-7efd0958df9f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
<link:loc xlink:type="locator" xlink:label="loc_five_IncomeTaxTable_9f89411e-625c-4977-a5c8-230b19c74b75" xlink:href="five-20230429.xsd#five_IncomeTaxTable"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_250f145f-2055-4239-b616-7efd0958df9f" xlink:to="loc_five_IncomeTaxTable_9f89411e-625c-4977-a5c8-230b19c74b75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_bd2ba290-0bbc-4c24-ae63-7968e7287fd8" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeAxis"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_IncomeTaxTable_9f89411e-625c-4977-a5c8-230b19c74b75" xlink:to="loc_srt_RangeAxis_bd2ba290-0bbc-4c24-ae63-7968e7287fd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_9b62ea8f-d07b-49d4-869d-326d450aa3df" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_bd2ba290-0bbc-4c24-ae63-7968e7287fd8" xlink:to="loc_srt_RangeMember_9b62ea8f-d07b-49d4-869d-326d450aa3df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_6f6f64e4-3020-44ea-ac14-08090141014a" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MinimumMember"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_9b62ea8f-d07b-49d4-869d-326d450aa3df" xlink:to="loc_srt_MinimumMember_6f6f64e4-3020-44ea-ac14-08090141014a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_ed93f287-08b4-407a-95a4-a0c78105384d" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MaximumMember"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_9b62ea8f-d07b-49d4-869d-326d450aa3df" xlink:to="loc_srt_MaximumMember_ed93f287-08b4-407a-95a4-a0c78105384d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_IncomeTaxLineItems_3f904288-a7d9-4906-be09-75fe868a842a" xlink:href="five-20230429.xsd#five_IncomeTaxLineItems"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_IncomeTaxTable_9f89411e-625c-4977-a5c8-230b19c74b75" xlink:to="loc_five_IncomeTaxLineItems_3f904288-a7d9-4906-be09-75fe868a842a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_Accrualforuncertaintaxinterestorpenalties_6edf0f75-01d1-48b8-b05c-baa011733f54" xlink:href="five-20230429.xsd#five_Accrualforuncertaintaxinterestorpenalties"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_IncomeTaxLineItems_3f904288-a7d9-4906-be09-75fe868a842a" xlink:to="loc_five_Accrualforuncertaintaxinterestorpenalties_6edf0f75-01d1-48b8-b05c-baa011733f54" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
<link:loc xlink:type="locator" xlink:label="loc_five_StateIncomeTaxesStatuteOfLimitationsPeriod_e4f26b93-46ff-4c5c-a0e9-873bf5a3f9d7" xlink:href="five-20230429.xsd#five_StateIncomeTaxesStatuteOfLimitationsPeriod"/>
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_five_IncomeTaxLineItems_3f904288-a7d9-4906-be09-75fe868a842a" xlink:to="loc_five_StateIncomeTaxesStatuteOfLimitationsPeriod_e4f26b93-46ff-4c5c-a0e9-873bf5a3f9d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
</link:presentationLink>
</link:linkbase>

1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/14/23  Five Below, Inc.                  8-K:5,8,9   3/13/23   12:189K                                   Donnelley … Solutions/FA
↑Top
Filing Submission 0001177609-23-000015   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Sat., Apr. 27, 2:00:56.1pm ET