Five Below falls after CFO Chipman steps down

Five Below

04/06/2025 21:18

** Shares of discount chain Five Below FIVE.O fall 1.5% to $119.9 in extended trade

** CFO Kristy Chipman to step down due to personal reasons, Chief Operating Officer Ken Bull to take on the role in the interim

** FIVE posts Q1 net sales increase of 19.5% to $970.5 million from last year, above estimates of $966.5 million, according to data compiled by LSEG

** For Q2, FIVE sees net sales in the range of $975 million to $995 million, above an estimate of $958.3 million

** FIVE expects fiscal 2025 net sales between $4.33 billion and $4.42 billion, compared to estimates of $4.37 billion

** FIVE has risen 15.5% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))