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Why Five Below Stock Was Down 16% in the First Half of 2020

TheMotleyFool

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Why Five Below Stock Was Down 16% in the First Half of 2020

Shares of discount-retailer Five Below (NASDAQ: FIVE) dropped 16.4% in the first half of 2020, according to data provided by S&P Global Market Intelligence. And shareholders are breathing a sigh of relief because it was much worse a couple of months ago. At one point, shares were down about 60%.

The COVID-19 pandemic hit Five Below hard, but don't chalk up all of the stock's underperformance to the coronavirus. The company started the year by reporting a slip in sales during the crucial holiday season.