This Unstoppable Retail Stock Posted a Record Holiday Period
Retailers have had a rough time during the coronavirus pandemic. Strict lockdown measures to stop the spread of the virus created an extremely difficult operating environment, and many of these businesses (especially the smaller ones) have struggled just to survive. Even as COVID-19-related restrictions eased, ongoing supply chain challenges coupled with soaring inflation have kept the headwinds blowing for many in this sector.
But not all retailers had it tough over the past two years. For instance, Five Below (NASDAQ: FIVE) has flourished over the past several quarters. The discount chain, which focuses mainly on selling merchandise under $5, just announced a booming holiday shopping period, and management expects financial results for the fiscal 2021 fourth quarter to come in at the high end of guidance.
Let's take a closer look at what has become a booming retail stock.
Source Fool.com
