Is Five Below Stock a Buy?
Five Below's (NASDAQ: FIVE) stock price is down 14% since it reported its fiscal second-quarter earnings results at the beginning of September. While sales growth clocked in at a strong 52% year over year, the reported $646.6 million in net sales was lower than the consensus analyst estimate, which called for $657.8 million.
The knee-jerk reaction over the recent earning results provides investors a good opportunity to buy shares. Five Below's strategy of selling trendy products at low prices has translated to a track record of market-beating returns. Management continues to focus on investing for long-term growth by expanding fulfillment capacity and opening more stores.
Here are three reasons investors should buy the dip.
Source Fool.com
