Five Below Is Ready for a Record Q4
Five Below (NASDAQ: FIVE) isn't done surprising Wall Street. On Wednesday, the specialty retailer announced another strong quarterly result, with sales and earnings trends both blasting past expectations.
The report eased concerns that the holiday period might bring slower growth and inventory challenges due to supply chain issues. Let's look at why Five Below's business is looking better than ever at the start of its fiscal fourth quarter.
Investors had high expectations heading into the report, with sales projected to rise 15% on top of large gains a year earlier. Five Below easily surpassed those targets. Revenue landed at $608 million, up 28% year over year.
Source Fool.com
