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Why Shares of Five Below Stock Slipped This Week
FIVEFive Below(FIVE) The Motley Fool·2024-06-07 18:27

Shares of Five Below (FIVE 1.54%) fell by as much as 15% this week, according to data from S&P Global Market Intelligence. The discount retailer for specialty and kids-focused items posted weak growth in the first quarter, leading investors to sell the stock. Over the last five years, the stock is flat while the broad market has soared. Slowing comparable sales growth, poor guidance You can see this with Five Below's profits. In the quarter, the company's operating income declined from $42.4 million to $36. ...