Rick Cardenas: Hey, John. Yeah. We think through that all the time. And we do still do those consumer segmentation studies, and we still do market structure studies. We don’t necessarily talk about them externally because we don’t want everybody else to see them. But thinking about the student loan impact, yes, they’ll start being repaid in, I guess, September around there, but it shouldn’t be a material headwind. It will be a headwind. Any time you take money out of consumers’ pockets, it’s a headwind, but it shouldn’t be material because student loan payments are a very small component and it’s probably already baked into the economic forecast for GDP growth that we use for our plan.
John Ivankoe: And just in terms of like that specific cohort, I mean, whether it’s 25 to 44, what have you. I mean I know Olive Garden historically is kind of skewed older. But is there anything that you can kind of help us with us just saying, hey, you have some big percentage of the customer base that’s just not going to be affected by all. Is there a little bit more information you can kind of give us as you triangulate it? Thank you.
Rick Cardenas: Sure. I think Raj talked about our consumer demographics a little bit ago. We’re still above pre-COVID on our consumers in the 35 age range or below 35, which is probably the ones that are in their student loan repayment period. And the 55 plus or below pre-COVID last year. So there’s probably still some room for some of those 55 plus to come back, and I’m doubting that they’re paying student loans back unless they’re paying it for their kids. And if you think about our population, we still have a high percentage of our of our consumers that are above $100,000. So hopefully, a student loan repayment wouldn’t impact them too much.
John Ivankoe: Okay. That’s helpful. Thank you.
Rick Cardenas: Sure.
Operator: Thank you. Our next questions come from the line of Andrew Strelzik with BMO. Please proceed with your questions.
Andrew Strelzik: Hey. Good morning. Thanks for taking the question. Two for me. The first one is on the commodity side. I’m curious if you feel like your visibility into the food cost outlook is improving or the duration to which you have visibility is improving just as the rate of inflation is moderating here? And then the second question is on the unit growth side. You talked about the bidding side and some favorability potentially there. I’m just curious in terms of permitting supply chain equipment. Are there green shoots on that side? Or how are you seeing that evolve. Thanks.
Raj Vennam: Hey, Andrew. This is Raj. So on the commodity side, we do have better visibility today than we did a year ago. We actually have, for the first time, I think, in four years, probably have coverage that is actually pretty similar to the way we used to before COVID. I think we have – as we talked about for the first half, we have a total coverage of 65% of our basket covered and call it closer to that 25% to 30% in the back half color, which is, again, pretty much back to the levels we used to have pre-COVID. So we definitely feel like we have a lot more visibility today than we did before. And then as far as the development side, we are starting to see some signs of improvement. Rick talked earlier about some of the bids coming in better or multiple bids coming in.
