Rick Cardenas: Yeah, Jake. Our goal is still to get towards the higher end of the range. It might take us a little bit more time to get there than we originally thought. COVID has slowed a lot of stuff down in development. The permitting that Raj talked about, equipment that Raj talked about, those things are getting better than all the way back. It would be great if we could get permits as fast as we used to get them. It would be great if we can get utilities turn down as fast as we used to get them. That’s just not come back anywhere near where we need it to be. And as we think about construction costs, getting back to a more normal level, Raj mentioned that we’ve had the last few contracts that we’ve bid out have come in better than what we expected.
And that’s a good sign for us. So that will help us get back to that higher end of our framework. And I would also remember, we don’t talk about this very much, but that framework includes M&A. And while we would like to get to the high end of the framework just with organic growth, M&A is prime work. And the thing is when we shared that framework earlier today, the five year delta, the five year impact to the framework, had no M&A in it. And we were still within our — within probably the mid-range of our unit growth. So M&A is part of that. It is part of our capital allocation. So — but we would still like to get to the high end without M&A.
Jake Bartlett: Great. Thank you so much.
Operator: Thank you. Our next questions come from the line of John Park with Wells Fargo. Please proceed with your questions.
John Parke: Hey. Good morning. I guess as we think about the segment profitability into ’24, are there any segments that you guys see as outliers either in terms of improvement or pressure that you are expecting?
Raj Vennam: Well, I think it’s fair to affect that, that as we talked about, fine dining is going to have a tough ramp in the first quarter. So — but as far as we think about year-over-year, we expect all our segments to get a little bit better. That’s kind of how we plan the year, and that’s what we push our teams to do.
John Parke: Got it. And then kind of just on the pricing side, so I guess in the beef inflation that you’re seeing, is it fair to assume the LongHorn and find I think pricing is above that range and Olive Garden [indiscernible] is below?
Raj Vennam: Yeah. That’s a fair assumption.
John Parke: Okay. Thank you.
Operator: Thank you. Our last question will come from the line of Gregory Francfort with Guggenheim. Please proceed with your questions.
Gregory Francfort: Hey. Thank you. I just have two quick follow-up on labor. The first is, I guess, within that 5% labor inflation that you’re expecting, how much of that’s going to be statutory this year? And how much of it maybe still market pressure. And then maybe a correlated question is, as you guys are going out there at a higher new work is you’re talking about turnover, the wage that it costs to hire somebody new today — have you seen a break in that or a material break in that wage? I’m just curious as I think about how much easier it’s not for you guys to hire people. Thanks.
