Fly News Breaks for January 14, 2020
Jan 14, 2020 | 06:17 EDT
Citi analyst Paul Lejuez views the selloff yesterday in shares of Five Below following the company's worse than expected holiday comps as a buying opportunity. While Q4 was disappointing, the shortfall was unique to the holiday period, and it is worth noting that January comps are running up low single digits, indicating the weakness was not due to customer pushback from higher prices, Lejuez tells investors in a research note. He keeps a Buy rating on the shares and believes the long-term remains intact.
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