Five Below, Inc. Announces Holiday Sales Results for Quarter-To-Date Through January 4, 2020
Five Below, Inc. (FIVE)
Last five below, inc. earnings: 3/18 04:01 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
Net Sales Increased 13.4%Updates Guidance for the Fourth Quarter and Fiscal 2019Announces 180 Planned New Stores or 20% Unit Growth for Fiscal 2020 PHILADELPHIA, PA, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE) (“Five Below” or the “Company”) today announced net sales results for the quarter-to-date period from November 3, 2019 through January 4, 2020 ("Holiday Period"). The Company announced that net sales for the Holiday Period increased by 13.4% to $596.6 million from $526.1 million in the comparable nine-week period from November 4, 2018 to January 5, 2019. Comparable sales for the Holiday Period decreased by 2.6%. Joel Anderson, President and CEO of Five Below, stated, “While our comparable sales during key holiday selling periods were positive, they were not strong enough to overcome the headwind of six fewer shopping days between Thanksgiving and Christmas, and overall sales did not meet our expectations. Despite the sales shortfall, strong inventory ma
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