So, we see the most headwinds in the Print Group because of the traditional focus of two other businesses on resellers. Now a good number to look at is PrintBrothers, where again we do have reseller businesses, which are reseller customers that are material, not majority. Yes, PrintBrothers is still growing at about 5% a year. So again, there’s a mix within that of resellers and direct. I think, I’d come back to the main point that if you think out 10 years from now, where is the world going? The world is going more and more to direct relationships across the Internet with end customers and, the ability to sell directly from our factory floors out to those customers without going through intermediary is long-term good for the economics of Cimpress.
Meredith Burns: Thanks, Robert. All right. Another question here for Sean. Capital allocation question. Sean, any, plans to buy back more bonds?
Sean Quinn: No specific plans. As we said in the, in our release last night, we’ve obviously, we’ve been a buyer of our bonds over the last three quarters. We’ll continue to consider using excess liquidity to repurchase our debt. That’s not exclusive to the bonds could be any of our debt. And, but, yeah, no specific plans. But as you can see, it’s something that we’ll regularly look at and we have been looking at. And, yes, we’ll see where things go.
Meredith Burns: Fantastic. All right. So with that, we have come to the end of the set of questions. There was another question that came on, about the holiday season. I think, the asker maybe came on to the call a little bit late because we did cover the holiday season in quite a bit of detail at the beginning of the call. So, I can write to, that person after the call. And you can always listen to the trans or re-listen to the replay or read the transcript to catch our answer on that one. So, I’m just going to turn things over to Robert to wrap things up.
Robert Keane: Well, thank you to all of you for joining the call and for continuing to entrust us with your capital. We are really happy to be ahead of our plans for the bottom line profit and cash flow, and by reducing our net leverage. We have, I think a lot of options in front of us. But very importantly, and Sean said this before and we said this in the release, we are happy to do so while continuing to invest in key areas for the future. And so we think that success it is a combination of different factors, but, you know, stepping way back, being able to focus on execution after a series of changes that started with the Vista Print transformation five years ago that went through the pandemic, which went through a lot of fundamental changes of how we run the business.
But we are seeing the benefits of that focus. We look forward to continuing to build the momentum from here and we think we’re on the right track to improved our intrinsic value per share for a long time to come. Thank you again.
Operator: Ladies and gentlemen, this concludes today’s conference. Thank you for your participation. Have a great day and you may now disconnect.
