Since going public in 2012, discount retailer Five Below has grown its nationwide store count from less than 250 locations to more than 1,600.
“You’re paying a premium to get the growth that they’re providing you,” said Joe Feldman, senior managing director of Telsey Advisory Group. “But that premium, when things don’t go your way, like the shrink issue, it can hurt you. And you see a big give up in the stock.”
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