Shares of Five Below Inc. fell on Wednesday, after the teen-centric discount retailer offered up a full-year forecast that disappointed Wall Street.
Shares of Five Below Inc. fell in after-hours trading Wednesday, after the teen-centric discount retailer offered up a full-year forecast that disappointed Wall Street.
Five... Shares of Five Below Inc. fell in after-hours trading Wednesday, after the teen-centric discount retailer offered up a full-year forecast that disappointed Wall Street. Five Below forecast full-year same-store sales growth of 1% to 4%, compared with Wall Street’s estimates for a 2.8% gain. Chief Executive Joel Anderson, in a statement, said that the chain’s inventories were in good shape. And he said the company planned to open 200 new stores during the company’s fiscal year, and convert 400 stores to its new Five Beyond format, which sells items priced above $5. He also said that the chain would roll out new categories in the year ahead.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Uber, DoorDash, Lyft stocks rise after Prop. 22 ruling in CaliforniaShares of Uber Technologies Inc. Lyft Inc. and DoorDash Inc. ended higher Tuesday, a day after a California appeals court handed them a partial victory that...
Les mer »
STOCK MARKET NEWS: Bank shares tumble, Credit Suisse shares hit new low, producer inflation dataStocks sink as bank contagion fears spook investors, Credit Suisse in crosshairs as shares hit a record low, regional banks see sharp declines and producer prices ease in latest inflation data. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Les mer »
Guess stock falls on weak profit outlookShares of Guess Inc. fell after hours after the maker of clothing forecast first-quarter and full-year profits that were below expectations.
Les mer »
Fiserv, FIS stocks claw back as SVB, Signature Bank exposure dubbed 'minimal'Shares of Fiserv Inc. and Fidelity National Information Services Inc. rebounded Tuesday as concerns about their regional-bank exposure appeared to relax.
Les mer »
AMC tumbles as shareholders approve plan to convert APE preferredsShares of AMC Entertainment Holdings Inc tumbled about 17% on Tuesday after shareholders voted in favor of converting the company's preferred stock into common shares.
Les mer »
Japan Inc delivers largest wage increases in decadesTop Japanese companies offered their largest pay increases in a quarter century on Wednesday as the outcome of annual labour talks showed them heeding, at least for now, Prime Minister Fumio Kishida's calls for higher wages to counter inflation.
Les mer »