Five Below Stock 23% Below After CEO Stepdown
Five Below Stock 23% Below After CEO Stepdown
Shares of value retailer $Five Below (FIVE.US)$ are diving Wednesday after the company announced a CEO transition and provided updated guidance for the second quarter. Multiple analysts downgraded the stock and slashed price targets following the announcements.
价值零售商的股票 $Five Below (FIVE.US)$ 在该公司宣布首席执行官过渡并提供了第二季度的最新指导之后，周三股价下跌。宣布后，多位分析师下调了该股的评级并下调了目标股价。
Five Below announced that Joel Anderson stepped down from his roles as president and CEO to pursue other interests. Anderson will also step down from the company's board.
Five Below宣布，乔尔·安德森辞去总裁兼首席执行官的职务，转而追求其他利益。安德森还将辞去公司董事会的职务。
COO Kenneth Bull has been named interim president and CEO, effective immediately. Five Below co-founder, non-executive chairman and former CEO Thomas Vellios will assume the role of executive chairman on an interim basis to support the executive leadership team while the board looks for a permanent CEO.
首席运营官肯尼思·布尔被任命为临时总裁兼首席执行官，立即生效。Five Below联合创始人、非执行董事长兼前首席执行官托马斯·韦利奥斯将临时担任执行董事长一职，在董事会寻找常任首席执行官的同时为执行领导团队提供支持。
Five Below also announced that total sales for the 10 weeks ending July 13 increased 9.5% on a year-over-year basis, but said comparable sales fell 5%.
Five Below还宣布，截至7月13日的10周的总销售额同比增长9.5％，但表示可比销售额下降了5％。
As a result, the company now expects second-quarter sales of $820 million to $826 million and anticipates a 6% to 7% decrease in comparable sales. Diluted income per common share is expected to be in the range of 53 cents to 56 cents per share.
因此，该公司现在预计第二季度销售额为8.2亿美元至8.26亿美元，预计可比销售额将下降6％至7％。普通股摊薄后的每股收益预计在每股53美分至56美分之间。
Analyst Changes:
分析师变动：
Morgan Stanley analyst Simeon Gutman downgraded Five Below from Overweight to Equal-Weight and lowered the price target from $160 to $100.
摩根士丹利分析师西蒙·古特曼将Five Below的评级从增持下调至同等，并将目标股价从160美元下调至100美元。
Truist Securities analyst Scot Ciccarelli downgraded Five Below from Buy to Hold and lowered the price target from $136 to $89.
Truist Securities分析师斯科特·西卡雷利将Five Below的评级从买入下调至持有，并将目标股价从136美元下调至89美元。
Evercore ISI Group analyst Michael Montani downgraded Five Below from Outperform to In-Line and lowered the price target from $160 to $113.
Evercore ISI集团分析师迈克尔·蒙塔尼将Five Below的评级从跑赢大盘下调至盘中，并将目标股价从160美元下调至113美元。
Mizuho analyst David Bellinger downgraded Five Below from Outperform to Neutral and lowered the price target from $150 to $85.
瑞穗分析师戴维·贝林格将Five Bellinger的评级从跑赢大盘下调至中性，并将目标股价从150美元下调至85美元。
BofA Securities analyst Melanie Nunez maintained Five Below with a Neutral and lowered the price target from $125 to $104.
美银证券分析师梅兰妮·努涅斯维持五下跌至中性，并将目标股价从125美元下调至104美元。