Michael Binetti: Congrats on a great quarter. I just want to ask, do you think — Michael or Adam, jump ball, what do you think about — what do you look at today to inform us whether there’s some opportunity in the pure merch [ph] margin for next year, puts and takes that you’re thinking about? Barbara, you mentioned seeing some — you mentioned some great comments on some of the brand availability. Is there an opportunity for AUR as you guys get better access to quality brands? And then I noticed you opened a bunch of the handful stores in Michigan a few months ago and 1 single store in Minnesota. These are new markets, even though we’ve heard you guys talk so favorably about how the Midwest has gone since you launched it maybe 12 years ago. It seems like you’re starting to move into some new markets, some fairly big ones, maybe just some thoughts around the new market strategy.
Michael Hartshorn: Sure. On merchant margin for next year, we’re in the middle of our planning process now. So I’d wait until our year-end call and we can give you some more feedback on that. As you mentioned, we entered Michigan and Minnesota during the third quarter. It’s very early on those. So hard to comment at this stage other than we’re very optimistic about our new market growth..
Barbara Rentler: And in terms of brands and AUR increase. Really, I know it sounds like I’m going back to same thing. We really are looking at every deal based on the value we put out on the floor. And so obviously, if they’re higher on brand, those goods would — even at great values would have higher AUR. But it’s really a mix of all brands, whether they’re moderate, they’re better, they’re good, better, best, where they’re best. That’s how we’re really approaching it in terms of just saying I’m going to raise the AUR because we increased debt [ph] in total. That’s not how we’re thinking about it. We’re thinking about it more holistically and that’s the piece that customers responding to.
Operator: And the next question comes from the line of Adrienne Yih with Barclays.
Adrienne Yih: Great. And I’ll add my congratulations. Barbara, I often — I am on the topic of your packaway and your short stay. Historically, when we have sort of disruptive weather and kind of like the unseasonable weather in the early in the quarter, you’re able to use your short-stay flexibility to kind of pace into that. I’m just wondering how advantageous has that been this season? Or is the macro — kind of more challenging macro sort of overwhelming that?
Barbara Rentler: I just want to make sure I understand what you’re saying. You’re saying that did we get seasonal products early [indiscernible] closing the fourth quarter?
Adrienne Yih: Yes, yes. I think it’s more that weather has not transitioned to cold for any long permanent period of time, so we’re hearing frontline retailers talk about that lower their fourth quarters and there’s a disconnect between how much they’ve ordered and what things that they need to get rid of. So I’m wondering if that’s been a benefit to you.
Barbara Rentler: At this point in time, there’s — the goods are obviously building because the weather has been warmer than people anticipated. But there is a moment in time when vendors decide to really move the goods and that really — becomes really more longer-term packaway. So if you’re thinking outerwears, whether its classifications like that, that really would be longer term versus shorter term deals. I could still get deals in front of us. But really, that’s really more of a longer-term play that vendors at the end of the year decided what they want to do when they’re figuring out what they’re going to buy for the next year. So short term, I think people are just coming to — having a reality check of where they are with some of those classifications of products. So the real answer, I guess, is more news to follow. But at this moment in time, it hasn’t been — they haven’t had a big movement if that’s what you’re looking for, a big movement on the…
Operator: And the next question comes from the line of Alex Starton with Morgan Stanley.
Alex Straton: Great. Maybe for Barbara, some peers have highlighted opportunities in new or adjacent categories. So I’m just wondering, has Ross entered any newer categories recently? Or what kind of thoughts do you have on opportunities in general and then any changes in category mix shift that you guys have done?
Barbara Rentler: Sure. Yes, we have entered into some new categories. Obviously, I’m not going to talk about it on the call. But yes, for the fourth quarter, we entered some different categories for gifting which are going on the floor now and into December. And then just opportunities in general as we move into next year. I think we have some opportunities in expanding certain businesses and then also coming back into some businesses that we exited, I would say, sometime during COVID. So I think there is an opportunity for us to have more newness on the floor which is really what the customer love plus value is really what the customers responding to. So every year, we go in and look and say, what else can we expand, what else can we do? But this year, we have, yes, we have our categories in mind if — we were — not in mind and where we are going to spring [ph].
