- Five Below (NASDAQ:FIVE) -11.7% AH after its Q3 earnings report included disappointing sales guidance for the current holiday quarter, and naming current COO Joel Anderson as its new CEO.
- FIVE projects Q4 EPS of $0.59-$0.62 vs. $0.63 analyst consensus estimate and revenues of $262M-$266M vs. $268M consensus.
- Anderson replaces CEO and co-founder Tom Vellios, who will become executive chairman; Anderson joined FIVE in July after leaving Wal-Mart, where he ran the retailer’s website.
Five Below -12% following Q3 earnings, downside guidance, new CEO
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| Symbol | Last Price | % Chg |
|---|---|---|
| FIVE | - | - |
| Five Below, Inc. | ||