Five Below (FIVE) Drops on Q1 Miss, Lower Outlook
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Five Below, Inc. Announces First Quarter Fiscal 2022 Financial Results
June 8, 2022 4:01 PM EDTPHILADELPHIA, PA, June 08, 2022 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE) today announced financial results for the first quarter ended April 30, 2022.
For the first quarter ended April 30, 2022:
Net sales increased by 7.0% to $639.6 million from $597.8 million in the first quarter of fiscal 2021; comparable sales decreased by 3.6% versus the first quarter of fiscal 2021.The Company opened 35 new stores and ended the quarter with 1,225 stores in 40 states. This represents an increase in stores of 12.7%... More