Monday, June 5, 2017

Five Below hits it out of the park in Q1

For the first quarter ended April 29, the teen value retailer reported a net income of $8.4 million compared to $6.8 million in the first quarter of fiscal 2016. Meanwhile, the chain’s sales increased almost 21% to $232.9 million, from $192.7 million in the first quarter of fiscal 2016.
 
Comparable sales increased by 2.6%. The chain’s CEO Joel Anderson credits on its young shoppers’ demand for two hot trends — slime and fidget spinners.. . . more

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