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Giverny Capital Asset Management's investment thesis on Five Below ($FIVE) — Q2 2024 | Buyside Digest

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$FIVENASDAQFive Below

BEAR

Giverny Capital Asset Management—FIVE

Fund Letter

Q2 2024

Published June 30, 2024

View Fund Profile

$229.96USD

-8.8% vs last month

$106.17Pitched

+116.6% since pitch

Market Cap$12.7B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Five Below declined 49% in the first half due to weakness among lower-income consumers, elevated shoplifting, margin compression, and the sudden departure of its CEO. Despite historical sales...

— David M. Poppe

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