Why Five Below Fell 27% in March

Shares of Five Below (NASDAQ: FIVE) fell 27.4% in March, according to data provided by S&P Global Market Intelligence. It's easy to simply blame the COVID-19 pandemic. After all, because of the coronavirus, Five Below has temporarily closed all 900 of its locations. With only meager e-commerce operations, revenue has been decimated.

But shares of Five Below had already sold off earlier in 2020, due to weak holiday sales. Certainly that's causing investors to rethink the company's long-term prospects in this bear market.

Five Below locations are temporarily closed. Image source: Five Below.

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Source Fool.com