Five Below (NASDAQ: FIVE) was featured in an analysis report that discussed a recent uptick in consumer purchase intent mentions. The report, written by LikeFolio Founder Andy Swan, reads, “We’ve had our eyes on Five Below since 2019. We watched consumer demand build into 2020, and then plummet in March as stores closed. FIVE closed down ~3% on its last earnings report after missing EPS and revenue expectations. Now, a shift is beginning to emerge: Purchase Intent in 20Q2 was -1% YoY, +15% QoQ as stores reopened. Purchase Intent in 20Q3 pacing +7% YoY, with a noted bump as its key demographic returns to school.”
About Five Below
Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. Five Below knows life is way better when you’re free to “let go & have fun” in an amazing experience filled with unlimited possibilities. With most items priced $1-$5, and some extreme value items priced up to just $10, the company makes it easy to say YES! to the newest, coolest stuff across 8 awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy and Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 950 stores in 38 states. For more information, visit the company’s website at www.FiveBelow.com.
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