Jon Tower: Okay. And then just drilling a little bit more into the commentary in the guidance for the year. But kind of looking about — looking into the fiscal second quarter. I know last quarter, you gave a revenue guide or at least provided the idea that it was within the targeted range on a quarter-to-date basis. Maybe if you could refresh us on where it sits at this moment in time, post November? And then the commentary regarding second quarter margins being meaningfully below last year. Are we thinking something more in line with what was printed in the first quarter either on a year-over-year basis or an absolute level? Just trying to figure out where this all falls?
Craig Pommells: Yeah, without giving the exact number on Q2, I would say first quarter was meaningfully below the prior year and second quarter meaningfully below. So both in terms of order of magnitude, similar explanation there. Okay. And what was the other part of the question, Jon?
Jon Tower: The revenue piece we just got into, whether or not in the…
Craig Pommells: Over November performance was in line with our expectations. So we were pleased with that. And it’s a — obviously, it’s a part of the overall 6% to 8% guidance. So we were pleased with it and met our expectations, a little bit ahead of our expectations for November.
Jon Tower: Okay. And with the stickier inflation kind of rolling along and then at the same time, it sounds like you’re anticipating deflation in the back half of the year — or excuse me, in the fourth quarter on the food cost side of the equation. So as you’re thinking around pricing shifted at all because obviously, the aggregate inflation for the full year looks to be a little bit higher on food costs as well as on labor and it sounds like some of the other OpEx line items as well. So I think you’re running 8% pricing now. Is there any more thinking regarding maybe taking a little bit more price to help offset some of that?
Craig Pommells: It’s an ongoing conversation. I think by our fourth quarter, we will be making up a lot of ground in terms of margins. Again, assuming that everything plays out the way that we think. The approach to price over the years has been to be — we’re a value leader. We think that value leadership resonates, in particular, in an environment like this, and we have taken the approach that we can be a little bit behind on price and to ensure that we don’t lose the traffic. That played out well in all of the analysis that we’ve done something that’s working for us, and we’re going to continue to try to strike that balance between pricing now for margin or taking a little bit longer to price and recover the margin. We do think that starts to come together well in Q4.
And could there be more prices, more pricing along the way? Absolutely, there could be. We’re monitoring the consumer environment and we’re really thoughtful that in what is a really odd time where it’s somewhat recessionary and inflationary at the same time, but some of the inflation components are starting to break. So we don’t want to get too far ahead on price in. So it’s a long answer. Needless to say, we’re being very thoughtful about it, and we think all of this will start to come together in terms of margins by Q4.
Jon Tower: Got it. I appreciate that. And then just the last one for me. You’ve had a few new board members join in the recent past. So I’m curious what the discussions have been — have they evolved around capital allocation policies at the company since these new board members. And I know one is just joining, I think probably the 1 it was today, but any updated thoughts around capital allocation policies?
