Five Below shares sink on forecasts, as retailer leans into higher-priced items

Shares of Five Below Inc. fell in after-hours buying and selling Wednesday, after the teen-centric low cost retailer supplied up a full-year outlook that disillusioned Wall Street, as apprehension within the financial system complicates forecasting.

Still, the retail chain — which sells toys, residence decor, stuffed collectible figurines and a few tech objects, typically priced beneath $5 — stated it plans to maintain opening extra shops this 12 months. And it stated it plans to outfit extra of its shops general with a piece that sells issues priced above $5, known as Five Beyond….

Source web site: www.marketwatch.com

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