Thursday, August 29, 2019

Five Below on track to open 150 stores in 2019

Chain Store Age
Five Below reported continued aggressive expansion in its second quarter along with earnings that just beat Street expectations as sales fell short.

Net sales rose 20.0% to $417.4 million, below analysts’ projections. Same-store sales increased 1.4%.

Five Below opened 44 stores in the quarter. It is on plan to open 150 stores in fiscal 2019. . . . more