Five Below, Inc.: Initiation Of Coverage – Accelerated Real Estate & Streamlining Store Approvals!

Despite being impacted by unfavorable weather during January, Five Below’s sales ended within the guidance and comparable sales were slightly more than their expected figures. The company’s growth was mainly driven by the increasing popularity of Five Beyond format stores and the upward trend of customers embracing the value-for-money concept. The total fourth quarter sales were $1.34 billion, witnessing a growth of over 19%, and the comparable sales increased by 3.1%. However, it was mentioned that their earnings per share fell at the lower end of their expectations due to higher-than-planned shrink.