By Dean Seal
Shares of Five Below fell after Donald Trump unleashed a wave of tariffs that are rocking global markets.
The stock was down 19% at $65.70 in premarket trading. Shares had already fallen 22% year-to-date when the market closed Wednesday.
Five Below makes a significant portion of its merchandise outside of the U.S. China is its single largest source of direct imports.
The company said in a recent regulatory filing that new tariffs "could have a material adverse effect on our business, financial condition and results of future operations."
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 03, 2025 09:13 ET (13:13 GMT)
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