These Analysts Slash Their Forecasts On Five Below
These Analysts Slash Their Forecasts On Five Below
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%. 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.Five Below Inc (NASDAQ:FIVE) announced a CEO transition and provided updated guidance for the second quarter on Tuesday.
Five Below公司（納斯達克：FIVE）週二宣佈首席執行官更迭，並提供了第二季度更新的業績指引。
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宣佈，Joel Anderson辭去總裁和CEO職務，去追求其他興趣愛好。Anderson也將從公司董事會辭任。
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.
五個以下COO Kenneth Bull已被任命爲臨時總統兼首席執行官，並立即生效。 Five Below聯合創始人，非執行主席兼前首席執行官Thomas Vellios將在臨時基礎上擔任執行主席一職，以支持行政領導團隊，同時董事會尋找永久的首席執行官。
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%. 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.
Five Below還宣佈，截至7月13日的10周總銷售額同比增長9.5％，但說同店銷售下降了5％。因此，公司現預計第二季度銷售額爲82000萬至82600萬美元，並預計同店銷售額下降6％至7％。每股攤薄收益預計在53美分至56美分之間。
Five Below shares gained 2.1% to close at $102.07 on Tuesday.
Five Below股票週二上漲2.1％，收於102.07美元。
These analysts made changes to their price targets on Five Below after the company made the announcements.
這些分析師在Five Below公司公佈消息後對其股價目標進行了調整。
- Morgan Stanley analyst Simeon Gutman downgraded Five Below from Overweight to Equal-Weight and lowered the price target from $160 to $100.
- Truist Securities analyst Scot Ciccarelli downgraded the rating on the stock from Buy to Hold, while lowering the price target from $136 to $89.
- Evercore ISI Group analyst Michael Montani downgraded Five Below from Outperform to In-Line, while cutting the price target from $160 to $113.
- Mizuho analyst David Bellinger downgraded the rating for Five Below from Outperform to Neutral and slashed the price target from $150 to $85.
- B of A Securities analyst Melanie Nunez maintained the stock with a Neutral rating, while cutting the price target from $125 to $104.
- 大摩資源lof分析師Simeon Gutman將Five Below的評級從Overweight下調至Equal-Weight，並將目標價從160美元下調至100美元。
- Truist Securities分析師Scot Ciccarelli將該股票評級從買入下調至持有，將目標價從136美元下調至89美元。
- Evercore ISI Group分析師Michael Montani將Five Below的評級從Outperform下調至In-Line，並將目標價從160美元下調至113美元。
- 瑞穗證券分析師David Bellinger將Five Below的評級從Outperform下調至Neutral，並將目標價從150美元下調至85美元。
- 美銀證券分析師Melanie Nunez維持其“中立”評級，但將目標價從125美元下調至104美元。
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