Five Below (FIVE) Announces CEO Departure, Trims Q2 Outlook

Shares of Five Below, Inc. (FIVE) witnessed a sharp fall of 10.1% during the after-market trading session on Jul 16. The news of the chief executive officer stepping down and the trimming of the second-quarter fiscal 2024 view due to the cautious consumer spending environment was not well perceived by investors. These leadership changes come at a challenging time for Five Below. The company faces evolving consumer behavior and economic headwinds, compounded by operational complexities. Inflationary pressure ...