Ethan Brown: Yes. So some of the packaging has them directly on it and others will have to signal it through point-of-sale materials and advertising and things of that nature not all of them will be on the pack. But more and more as we go forward, you’ll see them on. But for example, the — I believe the stake already has the AHA certification on it. ADA is on some of our packaging as well, clean label project is on some of our packaging. So yes I mean, it will be — we’re going to try to be as overt as possible.
Peter Saleh : Excellent. Thank you very much.
Operator: Your next question comes from Robert Moskow with TD Cowen.
Robert Moskow: Hi guys. I guess two quick questions. Lubi, I think on the last call, you said that for — to bolster the balance sheet, you would look at a combination of possibilities, either debt or equity. Is that still the case? And secondly, to Ethan, we have talked a lot about growing the category. Have you done any internal testing in terms of the taste of your product versus your Number One competitor? Anecdotally, I’ve heard that some prefer the competitor versus yours, but I’m sure you’ve done a lot of testing on your own. So how does your product compare with competition? And what are the differences?
Ethan Brown: I’d be happy to introduce you to a better crowd, Rob.
Robert Moskow: I would enjoy a better crowd. It’s a little slow around here.
Ethan Brown: I’m just joking. First of all, competitor does a nice job. Great. They’re a good company, joy competing with them, so it’s not an adversary relationship at all. We do a nice job. We, of course, test that. We’re very competitive and all that other stuff. And I think this — what’s interesting is the ground meat in a patty form without seasoning. Actually taste kind of okay, right. It’s not a thing that blows people away. So when we do sensory testing, right you’d be surprised at how much both products really resemble or at least score at parity, with animal protein. And so we do, do a lot of tests relative to our competition. We feel good about the results. We don’t move forward if we don’t, let me put it that way.
Lubi Kutua: And then, Rob, your first question regarding the balance sheet. Yes nothing has really changed since the last time we were on the call. And so yes we would consider all of those options that you mentioned.
Robert Moskow: Great. Thank you.
Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Ethan Brown, CEO, for any closing remarks.
Ethan Brown: Thank you not to be repetitive, but just to be clear, we really do believe that we are at the early stages of a terrific and pivotal year for Beyond Meat. The leaning out of our operating expenses, the stabilization of pricing and the lowering of our cost of goods and the improvements we are going to see across margin there, addressing the Number One issue in the category, coming out with products that are not only winning on Century, but also receiving such accolades from such important institutions around the health benefits. We’re doing things you need to do to get through a period that is challenging and resume growth. So I’m excited. I think the team here is excited. We are looking forward to reporting to you through the balance of the year, and we will be in touch. Thanks.
