José Boisjoli: Oh, that’s a good one. First, we have plenty of capacity for next year’s season. We will not reach the maximum of our capacity. As you remember, we build Juárez 1– Juárez 2, sorry, in two phases and Juárez 3 in two phases, then we have plenty of capacity for next year for sure. Now we’re even looking how we could tweak and maybe optimize the capacity within those two factories. I think there are ways where with small investments, you can even increase the capacity above what we had planned two years ago.
Jonathan Goldman: Perfect, that’s helpful. Then just I guess one for you, Sébastien, on the reduced capex guide by $100 million, does that change your thinking around capital allocation for this year at all?
Sébastien Martel: No, we’re still going to be generating strong free cash flow even before the reduction of capex, and obviously we’ve been active with buybacks. We still have about 900,000 shares to buy back under the NCIB, but the priority, as we’ve always said, is investing in growth and any excess free cash flow will be used to obviously return it to shareholders, which we’ve been very good at doing in the last few years.
Jonathan Goldman: Okay, thank you. That’s it for me.
Operator: Ladies and gentlemen, as a reminder, should you have a question, please press the star followed by the one. Your next question comes from Brandon Rolle from DA Davidson. Please go ahead.
Brandon Rolle: Good morning. Thank you for taking my quick question. Just circling back to the fiscal year ’25 earnings targets and revenue guidance, could you just speak to your level of confidence to hit those targets? I feel as though there’s a view out there it’s going to be impossible for you to hit, even the low end of that earnings range. I know you talked about the market share gains, but just overall, where could there be some downside to the current guidance and are you still comfortable with hitting those earnings targets? Thanks.
Sébastien Martel: Well, as I said to Martin’s question, when we look at all the positives that have been happening, there’s been a lot. We’re ahead of plan on a lot of the elements, and again if the consumer sentiment is to remain as it is today, we strongly believe that the M25 target is achievable. Now, if there was going to be a soft landing in everybody’s calls or a recession, obviously we’d revisit our plans, but we can’t manage the business one foot on the gas and one foot on the brake. Today when we look at the great momentum that we have, there’s no reason why we could not achieve the target next year.
Brandon Rolle: Great, thank you.
Operator: There are no further questions at this time. I will turn the call to Mr. Deschênes to close the meeting.
Philippe Deschênes: Thanks everyone for joining us this morning and for your interest in BRP. We look forward to speaking with you again for our third quarter conference call on November 30. Thanks again everyone and have a good day.
Operator: Ladies and gentlemen, this concludes your conference call for today. We thank you for joining and you may now disconnect your lines. Thank you.
