Five Below Is Moving Ahead With Its Ambitious Expansion Plans
Five Below (NASDAQ: FIVE) surprised investors last week by posting a quick return to sales growth following plummeting results during the various statewide COVID-19 shutdowns. The retailer enjoyed steady demand once its stores reopened, which allowed it to avoid slashing prices or taking inventory write-off charges.
Five Below also managed to open more new locations in its fiscal second quarter than it ever has, pushing its store base to just under 1,000 locations. In the earnings call, CEO Joel Anderson and his team broke down the latest results while explaining why they still see room to more than double the company's footprint over the next few years.
Let's look at some highlights from that presentation.
Source Fool.com
