1842 ET - Approximately 60% of Five Below's total cost of goods are imported from China, either directly or through domestic vendors, CFO Kristy Chipman says on a call with analysts. The low-cost retailer is taking steps to limit the effects of President Trump's recently enacted tariffs, including "vendor collaboration, selective price adjustments primarily within our $1 to $5 price points, diversification of sourcing and increasing our focus on product newness," she continues. Despite its efforts, Chipman says its fiscal 2025 outlook was hurt by tariffs. Shares rise 9.4% after hours as the company posts a narrower-than-expected decline in same-store sales in its 4Q. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 18:42 ET (22:42 GMT)
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