The stock market ended Friday little changed to end the week highlighted by mixed corporate earnings. Investors evaluated the latest earnings results and concerns of disappointing profits.
Overall, S&P 500 and NASDAQ both grew 0.1% to 4,134 and 12,072, respectively.
Tweet of the Day
Five Below $FIVE has a new store-within-a-store concept, Five Beyond, that offers great prices on items priced above five bucks.
Check out this luggage for $25. FIVE's buyers are legit.https://t.co/Ndh9BgMacM
— David Sharek (@GrowthStockGuy) April 21, 2023
Chart of the Day
Our chart of the day is the ten-year chart of Five Below (FIVE) as of April 12, 2023, when the stock was at $213.
Five Below, is a dollar-store concept for kids and teens, that sells merchandise such as toys, games, party items, sports gear, clothes, candy & electronics for between $1 and $5.55 each. This company has the fastest dollar-store concept of all the dollar stores (including Dollar Tree and Dollar General).
Five Below has thrived while selling items for $5 or less. Now, it got higher-priced items with its Five Beyond store-in-store concept. The company has converted 250 of its stores to have a Five Beyond section, which is almost 20% of all stores. Its plan is to convert 400 more stores in 2023. In last quarters’ earnings call, FIVE’s CEO said customers that purchase Five Beyond items priced at $6 and up spend more than twice as much as those who only buy Five Below items.
Five Below is part of the Growth Portfolio.
