Five Below Could Easily Double Its Store Footprint
Five Below (NASDAQ: FIVE) declined to issue guidance for the year ahead after its recent fourth-quarter earnings report. But the discount retailer did give investors plenty of reasons to be optimistic about 2021, given that sales and profits have completely rebounded from the COVID-19 closures.
CEO Joel Anderson and his team outlined a few of those encouraging metrics in a conference call with Wall Street analysts while detailing their accelerating expansion strategy. Below, we'll look at the highlights from that presentation.
"Five Below has a long history of successfully navigating difficult times, whether economic or other, and we believe that value never goes out of style," Anderson said.
Source Fool.com
