Five Below slumps in afterhours as Q2 guidance falls short, CEO steps down
Investing.com -- Five Below slumped in afterhours trading Tuesday after discount retailer announced that its CEO Joel Anderson had stepped down and pre-announced guidance for Q2 that fell short of estimates.
Five Below Inc (NASDAQ:FIVE) fell 11% in recent aftermarket trading following the news.
The company named chief operation officer Kenneth Bull as interim CEO.
Five Below also said it now expects sales for the fiscal second quarter ending Aug. 3, to be in the range of $820 million to $826M and a 6% to 7% decrease in comparable sales. That would fall short of analyst expectations for revenue of $836.6M.
Earnings per diluted shares was expected to be in the range of $0.53 to $0.56, missing estimates of $0.63 a share.
The weaker guidance comes as the company saw comparable sales fall 5.0% in the 10-week period ended Jul. 13, compared with same period ended Jul. 15, 2023.
Related Articles
ECB July Rate Decision Commentary: Euro Bulls Should Exercise Caution Amid Potential Mid-Term Reversal
TradingKey - On 24 July 2025, the European Central Bank (ECB) released its decision on policy interest rates, maintaining all three key rates as anticipated, with the deposit facility rate steady at 2%.
Why Meme Stocks Are Heating Up Again?
TradingKey - The meme stock craze is back—and this time, it's spilling over into a broader range of beaten-down, highly speculative names.
Tesla Q2 FY2025 Earnings Review: Balancing Short-Term Pressures with Long-Term Autonomy Goals
TradingKey - Tesla, Inc. (NASDAQ: TSLA) released its Q2 FY2025 earnings on July 23, 2025, after the U.S. market close, posting results that missed expectations amid demand challenges and declining revenues in both automotive and energy segments. Following the announcement...
Japan June Inflation Commentary: Impact on the Yen Exchange Rate
TradingKey - On 18 July 2025, Japan published its June inflation data, showing the headline Consumer Price Index (CPI) rising 3.3% year-on-year, a 0.2 percentage point drop from May’s figure.
What Is Stellar (XLM), and Why Did It Surge Over 110% in Just 7 Days?
Stellar isn’t just another altcoin — it’s a blueprint for a next-generation financial system. From remittances and stablecoin settlement to smart contracts and CBDC infrastructure, Stellar is redefining what “on-chain capital markets” can look like.
