So we’re pretty comfortable that the consumer side of our business remains very strong. And as I noted on the prior call from the prior question, excuse me, that we are continuing to invest heavily against our marketing approach to make sure that we continue to maintain that same consumer demand that we’ve enjoyed.
Operator: Thank you. Our next question is coming from Andrew Strelzik from BMO Capital Markets. Your line is now live.
Andrew Strelzik: Great. Thank you for taking the question. My question is around opportunities around price pack architecture as a beer volume growth driver. And I guess what I’m hoping is you can help us understand exactly where you are in that process? Is that something that over the medium-term we should expect to accelerate as a contributor and maybe over the next 12 months versus over the medium-term, where the focus is within that strategy? Thanks.
Bill Newlands: Yes. You’re entirely right, Andrew. That’s something that our beer leadership team is working on aggressively day in and day out. And frankly, we think we can learn a lot from some other players in the beverage arena, particularly in the soda area, where pretty much if you tell me what you’ve got to spend, there’s a pack size or a pack appropriate for a particular price point. So a lot of things we are looking at, things like Modelo, we’re looking at different quantities, ounce quantities against some of our packaging. So all of these things are critically important. Part of the reason you’re seeing the massive acceleration in the high 40 percentile in the Chelada business, is what used to be only a 24-ounce can is now available in both multi-pack and 12-ounce opportunities.
So again, we think – and that’s been part of the big acceleration in the Chelada area. So this is an area that we’re spending a lot of time on ourselves to make sure that whatever the consumer has available to spend against our brand, that we have something available to them within our portfolio to make sure that they can take our products home with them when they leave a store.
Operator: Thank you. We’ve reached the end of our question-and-answer session. I’d like to turn the floor back over to Bill for any further or closing comments.
Bill Newlands: Thank you, Kevin, and thank you all for joining today’s call. We’re off to an excellent start in fiscal 2024. Our Beer Business delivered strong growth for the quarter with performance accelerating since the beginning of the year and into Q2. The higher-end brands of our Wine and Spirits portfolio continued to outperform and track channels and to drive margin improvement. We remain confident in our outlook for the full year and are building great momentum as we head into the key summer selling season for our Beer Business and the seasonally stronger second half for the Wine and Spirits Business. In closing, I want to wish you all a happy fourth of July for those of you celebrating that and hope you choose to enjoy your celebrations with some of our great products. Thanks again, everyone, and have a great summer.
Operator: Thank you. That does conclude today’s teleconference and webcast. You may disconnect your line at this time, and have a wonderful day. We thank you for your participation today.
