Wolfe Research analyst Spencer Hanus has downgraded Five Below from Outperform to Peer Perform. The adjustment reflects a revised outlook on the company's performance relative to its industry peers.

Rating Details

The downgrade was issued by analyst Spencer Hanus at Wolfe Research. Five Below trades on the NASDAQ under the ticker symbol FIVE.

Five Below, Inc. has announced two senior leadership appointments, naming Rodney Lastinger as Chief Retail Officer and Christos Yatrakis as Chief Legal Officer. Both executives will report to Kenneth Bull, Chief Operating Officer. The appointments were announced on June 17, 2026, from the company's headquarters in Philadelphia, Pennsylvania.

Leadership Appointments at a Glance

The two appointments bring seasoned retail and legal expertise to Five Below's leadership team. Key details of each appointment are outlined below:

Rodney Lastinger — Chief Retail Officer

Rodney Lastinger is a seasoned retail executive with extensive experience leading large-scale operations across national and international markets. Most recently, he served as Chief Operating Officer at GNC, where he directed operations across more than 2,200 franchise and corporate stores nationwide, improving comparable sales trends and EBITDA through operational transformation and supply chain optimization.

Prior to GNC, Lastinger served as President, Retail, at Conn's Home Plus, leading all company operations including stores, supply chain, merchandising, in-home sales and service, and real estate. Earlier in his career, he spent 18 years at Target Corporation, progressing through roles of increasing responsibility to Senior Vice President, Stores. In his new role, Lastinger will be responsible for leading the operational performance of Five Below's growing network of nearly 2,000 stores.

Christos Yatrakis — Chief Legal Officer

Christos Yatrakis brings more than 20 years of experience leading legal functions for global public consumer companies. Most recently, he served as Chief People & Legal Officer at Allbirds, Inc., where he oversaw legal, corporate governance, SEC compliance, and people functions for operations spanning more than 20 countries.

Prior to Allbirds, Yatrakis held senior legal and operational roles at Gymshark USA Inc., including General Manager, North America, and at Arrow Electronics, Inc., where he served as Vice President, Legal Affairs. In his new capacity, he will oversee Five Below's legal function, with a focus on corporate governance and public company compliance.

Executive Commentary

Chief Executive Officer Winnie Park welcomed both appointments, highlighting the complementary strengths each executive brings to the organization.

• On Lastinger: Park noted his "exceptional operational leadership and a proven track record of driving results and building high-performing teams across large, multi-unit organizations," adding that his "fresh perspective and customer-focused approach will be invaluable" as the company continues store expansion.
• On Yatrakis: Park highlighted his "deep expertise in corporate governance and public company compliance, as well as broad business acumen and enterprise leadership experience."

Five Below, founded in 2002 and headquartered in Philadelphia, Pennsylvania, currently operates over 1,900 stores across 46 states, offering trend-right, extreme-value products with most items priced between $1 and $5.