Five Below Stock Is A Recession Play
Discount retailer Five Below (NASDAQ:FIVE) stock has fallen (-41%) on the year. The popular specialty value retailer sells everything from clothing
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Discount retailer Five Below (NASDAQ:FIVE) stock has fallen (-41%) on the year. The popular specialty value retailer sells everything from clothing
Five Below (FIVE) fell in after-hours trade on Wednesday after it reported first-quarter sales that fell short of expectations and gave a weak full-year .
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
FIVE earnings call for the period ending March 31, 2022.
Five Below, a chain of discount stores focused on young shoppers, plans to double its number of locations in Philly to 120 and triple its number of storefronts nationwide to 3,500 by 2030 as part of its quest to reach $5.6 billion in sales by 2025. The chain known for its wide variety of cheap toys, candy and other items that cost less than $5 opened its first store in Wayne, Delaware County, in 2002.