Five Below Plunges After Earnings Beat, Warns Consumer Boost From Tax Refunds Is Ending

Five Below Plunges After Earnings Beat, Warns Consumer Boost From Tax Refunds Is Ending Five Below's core customer base is tweens, teens, and value-conscious households. That makes management's warning on Wednesday's earnings call particularly notable: the retailer is directly exposed to trends in low-end discretionary spending. "We're looking at the world that our customers are living in: with rising fuel costs, with very sticky inflation, with a somewhat—soft labor market. And w...