Five Below Still Sees Room to Almost Triple Its Store Base in the U.S.
Investors suspected that Five Below (NASDAQ: FIVE) was going to report some brutal sales numbers in its fiscal first-quarter announcement. The period runs through early May and includes the widespread COVID-19 store closures that started on March 20.
That's why it was no surprise when the youth-focused retailer revealed that revenue collapsed and Five Below generated a rare quarterly loss. Yet management in a conference call with investors explained new details about how it preserved cash through the crisis while detailing the chain's latest operating trends as stores slowly reopen.
Let's look at three key highlights from that presentation.
Source Fool.com
