Five Below Earnings: It's Full Speed Ahead for New Store Launches
Five Below (NASDAQ: FIVE) is still finding ways to trounce Wall Street's rising expectations. This past week, the retailer reported a huge growth rebound compared to the year-ago period that was affected by temporary store closings. But the spike was better than expected thanks to soaring demand from its youth-focused demographic.
The management team didn't issue a wider outlook for 2021, but its short-term forecasts suggest another blockbuster year ahead for the business as it targets adding nearly 200 new stores to its selling base.
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Source Fool.com
