04:47 PM EDT, 07/16/2024 (MT Newswires) -- Five Below ( FIVE ) retreated nearly 9% in extended session Tuesday after the retail chain said fiscal Q2 net income is expected in a range of $0.53 to $0.56 per share on sales of $820 million to $826 million .

That compares with the consensus polled by Capital IQ expecting Five Below ( FIVE ) to earn $0.65 per share on $839.8 million.

The company also said it has selected Chief Operating Officer Kenneth Bull as interim president and chief executive officer, effective immediately, succeeding Joel Anderson, who has left the company to pursue other interests.

During the search for a permanent CEO, Five Below ( FIVE ) co-founder and former CEO Thomas Vellios will serve as executive board chairman on interim basis and will assist Bull as he assumes his new responsibilities.

Price: 93.00, Change: -9.07, Percent Change: -8.89