Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Five Below names Chipman next CFO

Published 06/14/2023, 12:02 PM
© Reuters

Investing.com -- Shares of specialty discount retailer Five Below Inc (NASDAQ:FIVE) edged lower after it said Kristy Chipman would join as chief financial officer in July.

Chipman succeeds Ken Bull, who took on a new role of chief operating officer of Five Below.

Five Below shares dipped 0.1% on Thursday but are up 8.6% so far this year.

Chipman recently was CFO and chief operating officer at the steak house chain operator Ruth's Hospitality (NASDAQ:RUTH) Group. Before that, she held executive roles at Orangetheory Fitness, Domino's Pizza (NYSE:DPZ), and McDonald's (NYSE:MCD)

Discount retailers are trying to navigate uncertain economic times as shoppers hold back on discretionary purchases. In the April quarter, Five Below’s same-store sales rose 2.7%, helped by the popularity of Squish, Hello Kitty, anime, collectibles and consumables such as candy and snacks. 

Five Below guided to second-quarter same-store sales rising 2% to 3% and full-year same-store sales rising 1% to 3%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.