Alexander Perry: That’s really helpful. And then my follow-up is just on — if we think about the guidance here, so I think the 3Q guide implies a sequential acceleration from 2Q, still down year-over-year by accelerating. Is that mostly based on what you’re seeing from a pre-booking? And then also, I think the 4Q sort of implied guide — would imply that it gets even better. What sort of within the sort of 3Q versus 4Q guide that sort of gives you confidence there? Thanks.
Aaron Kuehne: Yes. This is Aaron again. I’ll give you a little bit of commentary, and then Mike can fill in the gaps. But as we look at the back half, especially for that of Outdoor, as a reminder, we do operate in two six month seasons, a spring/summer season and a fall/winter season that are supported by preseason bookings and forward orders by the majority of our key retail partners. What we saw in the first half is that we were realizing about 65% to 70% of those forward orders. Now historically, we will traditionally realize about 85% to 90% of those forward orders. And then through attrition — we’ll offset the attrition rates with re-plans or ASAP orders that typically come in. So as we thought about planning for the back half, we are expecting to see improvements in the realization of our forward orders for our bookings.
We are not expecting it to get back to historical levels of, call it, 85% to 90%. But we are expecting it to get back to levels, call it, 80% to 85%, which is something that we started to see towards the end of June and something that’s carried forward through July as well.
Michael Yates: Yes. So Alex, we — our guide implies $204 million to $219 million of revenue in the back half of the year. From an adventure standpoint, in my comments, I said, we expect to see sequential improvement in both Q3 and then again in Q4. So we expect to see sequential improvement at Adventure throughout the remainder of the year. On Precision Sports, it depends what we end up doing on how ammo pulls through. But as Aaron referred to, the Black Diamond business, we do expect that not to get all the way back, but as I mentioned in the answer to your first question, we do had a strong order book for our fall and winter goods, and that’s the inventory I mentioned that we’ve taken possession for. So that should get back into the $60 million to $65 million range is what we’re expecting that to recover to from — on the top line at BD.
Alexander Perry: Perfect. That’s really helpful. Best of luck going forward.
Michael Yates: Thanks.
Operator: One moment for our next question. Our next question comes from Anna Glaessgen with B. Riley. Your line is open.
Anna Glaessgen: Hi. Good afternoon. Thanks for taking my question. First, would it be possible to put in perspective what POS was in Black Diamond for the quarter, just to contextualize the difference between the sell-in, sell-through and understand the impacts from the retailer destocking or caution with open-to-buys?
Aaron Kuehne: Yes. So from a point-of-sale perspective, we continue to get feedback that the core categories within Black Diamond are moving well. They continue to perform quite well at retail, and you’re even seeing point-of-sale data support, call it, high single-digit growth rates that were taking place. The problem is that there’s still going to be stocking activity, but also still right-sizing the various components of their own inventory, which naturally impacted their open-to-busy. And the one thing that we continue to also see is that their inventory levels specific to that of Black Diamond are decreasing at a faster rate than what we’re also seeing that at point of sale. So that continues to provide us confidence that the inventory or the destocking activities are working, but it is — and that will also feed into more normalized purchasing habits here as we get into Q3 and Q4.
