Why Five Below investors should shrug off same-store sales miss
The holiday season results are in, with Five Below (FIVE), Macy's (M), and Abercrombie & Fitch (ANF) disappointing investors with their guidance for the holiday quarter. Anthony Chukumba, Managing Director at Loop Capital Markets, joins Market Domination hosts Josh Lipton and Julie Hyman to give insights into the retail space. Chukumba discussed the announcement from Five Below, saying that even though there were concerns about inventory management, the overall financial performance met expectations. Five Below "basically said that sales for the fourth quarter are going to be at the upper half of their prior guidance range and they reiterated their earnings guidance," Chukumba says. "It sounds like they felt like they left some sales on the table, but I thought, overall, it was a perfectly fine holiday selling season for Five Below," he adds. Watch the video above to also hear Chukumba discuss how US retailers have shifted away from China for sourcing and the impact of tariffs on inflation. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Thus post was written by Josh Lynch
