The low-end consumer 'is really being stretched,' says Five Below CEO

Shares plummeted around 11% Thursday, hitting a new 52-week low during the trading session. The retailer is down more than 45% in 2024. "Consumers were more discerning with their dollars, increasingly buying to need," Anderson added. The types of products they've been purchasing reflect this, he added, noting that consumers bought more in the company's "consumable" categories like candy, food and beverage, beauty and health and beauty aids. The CEO also noted that Five Beyond – the company's in-store shop t ...