US EditionFive Below and 3 Other Discount Retailers Are Opening 100s of New Locations This Year
- Five Below has announced plans to open 150 new stores in 2025, aiming to grow its total to 3,500 locations, according to CEO Winnie Park.
- In the fourth quarter, Five Below reported a 4% rise in net sales, totaling $1.39 billion, despite net income falling by 5.1% to $277.8 million.
- Chief Financial Officer Kristy Chipman noted that approximately 60% of costs are affected by tariffs on imports from China.
- Five Below is focusing on its $1 to $5 price points and adapting to online shopping trends, as emphasized by Park.
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Five Below Tops Fiscal Q4 Expectations @themotleyfool #stocks $FIVE
Five Below (NASDAQ:FIVE), a retail chain known for selling products priced at $5 or less, released its results for its fiscal 2024 fourth quarter on March 19. Adjusted EPS of $3.48 outpaced analysts' expectations of $3.38, while revenue of $1.39 billion marginally exceeded estimates of $1.38 billion. MetricFiscal Q4 2024Fiscal Q4 2024 Analysts' EstimateFiscal Q4 2023% ChangeAdjusted EPS$3.48$3.38$3.65(4.7%)Revenue$1.39 billion$1.38 billion$1.34 …
·Alexandria, United States
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