Five Below stock fell more than 10% early Thursday morning. Other retail stocks like Walmart and Dollar General also fell after earnings.
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Five Below's Beat-And-Raise Quarter May End Its Growth Trajectory
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Shares of the discount kids store Five Below plummeted early Thursday morning despite a beat-raise-quarter. Investors were spooked by the prospect that Five Below's growth rate might have reached its peak. Five Below (FIVE) stock sank 10% at Thursday's open, according to MarketSurge. Revenue and earnings were both ahead of what analysts had expected. Quarterly sales were $1.286 billion, 4.6% higher…
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Five Below shares are moving lower in extended trading Wednesday on the heels of the company's first-quarter financial results.
The discount retailer raised its full-year sales and profit guidance but cautioned that tax refund tailwinds masked underlying…
"And we think a piece of that pain that they are feeling wasn't felt in the first quarter purely because of tax proceeds."
Demand for viral ‘squishy’ products also helped the discount retailer’s strong first quarter
JPMorgan sees shares of Five Below rallying 19% from here.
Wolfe Research's $291 price target implies that shares of Five Below could surge 26% from current levels.
