Five Below (FIVE) Slipped in Q1 on Earnings Miss and Cautious Guidance

Wasatch Global Investors, an asset management company, released its “Wasatch U.S. Select Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. During the first quarter, the strategy gained but underperformed the Russell 3000 Growth Index benchmark, which was up 11.23%. Holdings in information technology (IT) and financials sectors detracted from the relative performance of the strategy, on the other hand, holdings in healthcare and...