Five Below Shares Stumble Despite Sales Climbing Over 30%
The extreme-value retailer saw traffic rise by nearly 20% in the first quarter, as the turnaround continues to impress.
Overview
Five Below (NASDAQ: FIVE) just delivered one of its strongest quarters in years, with same-store sales (SSS) up 23%, fueled by a 19% spike in traffic. Gross margins widened by nearly four percentage points, and earnings per share (EPS) more than doubled year over year.
Details
By any measure, it was a blowout quarter that further legitimizes CEO Winnie Park's "social-first" marketing approach. Yet the stock fell roughly 14% following the news and hasn't recovered.
Source
Originally published at www.fool.com.
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