3 Must-Know Facts About Five Below Before You Buy the Stock
Five Below (NASDAQ: FIVE) just posted its fiscal 2024 first-quarter financial results, and the market was not happy with the report. Revenue and earnings per share came in at $812 million and $0.57, respectively. However, both of these headline figures missed Wall Street estimates.
The shares keep dropping, falling 47% so far in 2024, and they're currently 52% off their peak price. Before you buy the dip on this retail stock, here are three facts you need to know.
At Five Below, growth is the key theme. The company generated $3.6 billion of sales in fiscal 2023 (ended Feb. 3). That was a whopping 125% higher than just five years earlier. Management's main focus has been to quickly expand the store base. After opening 61 net new stores in the latest fiscal quarter, there are now 1,605 Five Below locations scattered across the U.S.
Source Fool.com
