Jon Quast

When they use that cash, they make it back in profits pretty fast.

They're going from roughly 1,900 locations today to over 3,500 long-term is what they're targeting.

But Tyler, do you know what the problem is with a chain like Five Below?

the name.

Five below means items that are priced at $5 or less.

With inflation, investors have worried that a company like this may be not able to raise its prices as it needs to.

New management came in last year, though, and is proving that indeed this business can.

Old management had a five beyond section of the store and it did okay.

Basically, that was a section of the store where it was more than $5.

New management came in, got rid of that section, and just started selling products at all price points throughout the store.

Customers have not cared at all.

In fact, they are buying these higher-priced items.

It's boosting same-store sales far beyond what management expected.

The holiday same-store comp is supposed to come in at 14.5%.

Management only thought it was going to get 6% to 8%, so roughly doubled its expectations.

I think this

Five Below unlocking these higher price points bodes extremely well for the business long-term, and it's why I'm looking at this stock today.

Let me give you my elevator pitch here for Airbnb to start it off.

People aren't giving up this short-term rental model.

Airbnb is the dominant player in this space.