In an interview on CNBC’s Mad Money, Joel Anderson said, “Our customers still like what they see. We may have disappointed investors, but not our customers.” He noted that the company needs to dial back self-checkout and will now shift to assisted check out to combat shrink. The plan is to get shrink back to pre-pandemic levels. He expects Five Below to open 225-235 stores in 2024. “I’m not concerned about top end growth,” he added.
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