Operator: The next question is from Edward Kelly with Wells Fargo. Please go ahead.
Edward Kelly: Yeah. Hi, guys. Good afternoon. My question is on store growth. Joel, you mentioned that getting back to sort of like the run rate that, that you would sort of hope to. But if I take a step back and look at store growth this year, probably about 15%, I guess. Can you just talk about the process changes that you’re making? And then as we look forward, can you ramp the number of stores that you’re opening, such that you’re looking at least this level of square footage growth or more? Only because I think at the Investor Day, in the end, right, you plan probably for, I think for better growth there. Thank you.
Joel Anderson: No, it’s a great question, Ed. And it is about 15% growth. I think, there’s two things. One, we need to, and are planning to get back to a more 50-50 first half, second half. So, I think 2023 is the last of the years of like getting the engine back going. And you saw it last year too. We were more heavily backend weighted. And so, this year as we’ve gotten back to 200, you go back to what we said at the Investor Day being more in the — I think we said 500 to 600 in 2024 and 2025, that’s still on track. You add the two years together, and we see no reason the number doesn’t continue to go upward from here. Landlord delays are really starting to diminish. Supply chain issues are diminishing. And it also, — I mean, we haven’t had any disruption in the retail industry for three years.
And there’s been several announced bankruptcies that’s all a positive for us to start to get going again. That clearly wasn’t there before. And that was a big major hold up for us from that perspective. So, I feel really good about us getting back to that run rate again.
Kenneth Bull: And I think Ed, you had a question around the process, the real estate.
Joel Anderson: Yeah. I mean, look, we’ve — the process, we’ve streamlined it in several different ways to build, to execute more leases in a faster timeline, more per month. We’re expanding the types of centers we’re going into. I talked about that a little bit in my prepared remarks. We’ve been so heavily weighted to suburban power centers. We’ve got many more urban in the mix, more rural. We’re to do more grocery anchored centers. We opened some of our first outlet stores last year and we’ll continue to test new venues. Thanks Ed.
Operator: The next question is from Kate McShane with Goldman Sachs. Please go ahead.
Kate McShane: Hi. Thanks for taking our question. We wondered if you could maybe quantify some of the share gains you saw during the quarter. And if you think some of the closeouts you were able to take advantage of helped you during the quarter as well.
Joel Anderson: Yeah. I mean, closeouts were good, but they weren’t overly material to our overall performance. I think some of the stuff we did around trends was much more important. I called out squish models as an example. The Kylie and Kendall bags were phenomenal, did great. We are though optimistic, or opportunistic on closeouts, but honestly, Kate, they weren’t a big piece of penetration for the quarter from that perspective. I think our share gains more came from the conversions and marketing. Those really were where we saw the two biggest drivers for the quarter. Thanks Kate.
Operator: The next question is from David Bellinger with Roth MKM. Please go ahead.
