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Taking Stock of the Tariff Impact on Five Below

Kevin Curran

Shares of the discount retailer have dropped off sharply after the open, eroding pre-market positivity driven by an earnings beat and guidance raise, driven largely by a retail sector threatened by external macro impacts. The still uncertain situation was noted as extremely fluid at the moment by CEO Joel Anderson. "As a value-driven retailer we are concerned about higher tariffs as they will be impactful to our business and lead to higher prices," he acknowledged.