Five Below, Inc.: No Positive View On Near-Term Performance
Five Below(FIVE) Seeking Alpha·2024-09-10 21:16
P I jetcityimage Investment action I recommended a hold rating for Five Below, Inc. (NASDAQ:FIVE) when I wrote about it two months ago, as I expected poor near-term performance given the worsethan-expected macro pressure on consumer spending. Based on my current outlook and analysis, I recommend a hold rating. FIVE near-term performance is very likely to remain weak, as the primary cause for weak performance recently not only stems from macro reasons but also execution. While plans to fix the problem are pu ...