Five Below is curbing its expansion plans. But shares are rallying.

Date:

August 28, 2024

Teen- and tween-centric discount retailer Five Below Inc. on Wednesday grew more pessimistic on its full-year sales outlook and said it would pull back on opening new stores in the months ahead, as it deals with dimming shopper enthusiasm and tries to shore up its existing stores.

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Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Five Below is curbing its expansion plans. But shares are rallying.

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