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Five Below said Tuesday that its CEO and President Joel Anderson has stepped down amid languishing sales at the discount retailer catering to teens. The Philadelphia-based company, which has been ...
Five Below, Inc. is an American chain of specialty discount stores that prices most of its products at $5 or less, plus a smaller assortment of products priced up to $25. [5] Founded in 2002 by Tom Vellios and David Schlessinger and headquartered in Philadelphia , Pennsylvania, the chain is aimed at tweens and teens. [ 3 ]
On the bottom line, Five Below's results also disappointed, as operating income fell from $42.4 million to $36.2 million, and earnings per share dipped from $0.67 to $0.60 after adjustments, which ...
Five Below's Q3 headline numbers were strong. Revenue grew 14.6% year over year to $843.7 million, with comparable-store sales growth of 0.6%. Less than 1% same-store sales growth might seem weak ...
Shares of Five Below (NASDAQ: FIVE) have been moving higher in recent weeks. A "beat and raise" quarterly update on Wednesday afternoon and tapping a new CEO should keep gains coming. The cheap ...
Five Below has plummeted for a variety of reasons. For starters, it hasn't been a great year for sales -- the company's same-store sales dropped by 4% in the first half of 2024 compared with the ...
Changes in the political landscape could negatively affect the company, believes a group of pundits.
Image source: The Motley Fool. Five Below (NASDAQ: FIVE) Q3 2024 Earnings Call Dec 04, 2024, 4:30 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...