The New York Entrepreneur

Five Below is curbing its expansion plans. But shares are rallying.

Read Time:15 Second

Teen- and tween-centric discount retailer Five Below Inc. on Wednesday grew more pessimistic on its full-year sales outlook and said it would pull back on opening new stores in the months ahead, as it deals with dimming shopper enthusiasm and tries to shore up its existing stores.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Affirm’s stock soars after earnings crush estimates and CEO sees path to profitability
Next post Okta’s stock tumbles after earnings beat is offset by mixed guidance