Shares of Five Below Inc. dropped more than 5% in the extended session Wednesday after the retailer reported second-quarter sales that missed Wall Street...
Shares of Five Below Inc.
dropped more than 5% in the extended session Wednesday after the retailer reported second-quarter sales that missed Wall Street expectations and tweaked its guidance for the year to account for “shrink,” or the loss of items usually attributed to theft, fraud or employee error. Five Below earned $46.8 million, or 84 cents a share, in the quarter, compared with $41.3 million, or 74 cents a share, in the year-ago quarter. Sales rose 14% to $759 million, the company said.
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