This Is Why Your Bottle of Wine Just Got More Expensive [TheStreet.com]
Five Below, Inc. (FIVE)
Last five below, inc. earnings: 3/18 04:01 pm
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Source: TheStreet.com
Over the last year, inflation has sent the cost of many grocery items skyrocketing. The Department of Agriculture found that grocery prices in the United States rose by between 2021 and 2022 while certain products saw even more dramatic spikes. Eggs are now 22% more expensive while a pound of bacon commands 17.7% more than it did last year. While the wine one buys at the store has only seen single-digit inflation (a Wells Fargo report found that it increased by only 5.6% from 2021), restaurants in particular have been hiking up the prices of both wines by the glass and bottles. Price Increases of 'Up To 20%' "While the price of wine had been relatively stable compared to surging cost of fuel and groceries, we are now seeing wine in the crosshairs of massive inflationary pressures," Mark Oldman, founder of the Bevinars wine tasting club. "Restaurants have been much more aggressive in their price hikes, with increases of up to 20% at some high-end restaurants." In its over 500 wine
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FIVE
News
- Monster downgraded, Five Below upgraded: Wall Street's top analyst calls [Yahoo! Finance]Yahoo! Finance
- Is Five Below, Inc. (NASDAQ:FIVE) Trading At A 25% Discount? [Yahoo! Finance]Yahoo! Finance
- Five Below, Inc. (NASDAQ: FIVE) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating. They now have a $180.00 price target on the stock.MarketBeat
- Five Below is downgraded at J.P. Morgan on consumer discretionary spending worries [Seeking Alpha]Seeking Alpha
- Five Below, Inc. (NASDAQ: FIVE) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $170.00 price target on the stock.MarketBeat
FIVE
Earnings
- 3/20/24 - Miss
FIVE
Sec Filings
- 3/28/24 - Form 4
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- FIVE's page on the SEC website