Richard Galanti: Well, I think it’s our model versus other models. We respect and have very formidable competitors, whether it’s other warehouse clubs or big box discounters or supermarkets. And we’re all doing what we can do to maximize our own respective model. So I think certainly, when we make some price changes to things, we see our competitors act to them in some cases and not in others. I think the fact that we have fewer items and we’re out there every week, I know that our merchants, when they see those comp shops, I’m making this up, that there’s 100 items, and we’re the same on 50 and lower on 45 and higher on 5, those 5 better be changed this week. And so I know we’re on top of it. I can’t speak to our competitors, but I assume they are also. But we have a model, a cost structure, that allows us to mark up our goods, on average, in the low teens compared to traditional retailers in the mid-20s to 100. So we have a little room there.
Brandon Cheatham: Got it. Sam’s Club recently announced that they’ve changed course and start opening doors. I’m wondering, does that impact you at all on your opening plans? Would you locate in the same place even if you knew they’d be opening nearby? Or would that preclude you from the area?
Richard Galanti: No, we’re going to open where we want to open certainly whether it’s an existing open location or something that we’re aware of based on what’s going on in the real estate activity out there, which we all know what everybody is doing in advance in a way. And so does it impact us? It may impact us in some examples, whether it’s Sam’s or somebody else, to push this one more soon. And look, I was going to say, when you asked about them announcing they’re going to open more doors, I think they said they’re going to open up about 30 over the next 5 or so years, 5 or 6 years. They apparently didn’t get the memo that they should close some more. I’m just kidding. Look, we respect them as a competitor, and we don’t see that changing what we do. I think it bodes well, though, that there’s plenty of capacity still in this country, of course, other countries, even more so.
Operator: Your last question today comes from the line of Scott Mushkin with R5 Capital.
Scott Mushkin: I have tons. But I guess the first thing I wanted to ask a little bit, you gave the regional sales kind of which regions were better. I mean, obviously, there’s been a lot of layoffs in tech, and you have a huge business out in California. Are you seeing that business underperform relative to just over a couple of month period? That’s my first one.
Richard Galanti: Not really. My guy is here looking at the numbers, and they’re saying not really. One of the things that Josh mentioned is, well, we have 400 locations. 400-plus of our 550-ish location in the U.S. have gas, that’s even a bigger percentage in California, and higher volume gas units. And with gas inflation coming down dramatically year-over-year, that’s partly why they’re not the best performers. If you took that out, there’s not a whole big difference out there.
Scott Mushkin: And just curious, and maybe this is a silly question, what happens with that gas business, especially in California, with the push to EVs?
