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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 ]
Park was CEO at Forever 21 for nearly three years before jumping to Five Below. She was CEO at Paper Source before that. The three concepts -- stationery and gift products, apparel, and big-box ...
Strong Q3 earnings, new CEO. 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 ...
To sum it up, Five Below stock has dropped 50% in 2024. ... Hiring an experienced CEO could help restore confidence in Five Below as an investment, helping its valuation. Assuming it grows its ...
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 ...
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 ...