Earnings, sales and revenue were fine but it was the mention of taffies that sent the stock into the red, its is estimated that an increase in tariffs would result in a extra $25 million cost and result in a 3-4 % drag on earnings in 2019. This is not what investors want to hear as NASDAQ:FIVE is restricted by its name when it come to passing costs onto customers. Growth continues to be rapid with new store openings at a great pace so keep this name on your list for a good reversal.
COMPANY PROFILE Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise, including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room decor and storage, stationery and school supplies, video game accessories, books, dvds, iPhone accessories, novelty and gag, and seasonal items. The company was founded by David Schlessinger, Zany Brainy, and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.