Five Below shares sink on forecasts, as retailer leans into higher-priced goods

Shares of Five Below Inc. fell in after-hours trading Wednesday, after the teen-centric discount retailer offered up a full-year outlook that disappointed Wall Street, as apprehension in the economy complicates forecasting.

Still, the retail chain — which sells toys, home decor, stuffed figurines and some tech items, generally priced below $5 — said it plans to keep opening more stores this year. And it said it plans to outfit more of its stores overall with a section that sells things priced above $5, called Five Beyond….

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