And so feel great about that. And really pleased at the fact, through format innovation, this larger store we’re opening, our new store performance has been incredibly positive. And I’m very, very pleased at our ability to exceed our pro formas, and we continue to see that. So that larger store format is continuing to deliver higher sales per square foot, which is excited. And as you know, the large majority of our openings are in that larger footprint. But as you think about the next year in the future, I think the other thing that excites us here is the pipeline that we have. And on the U.S. alone, we have 16,000 additional opportunities, and we feel great about our ability to capture those. And certainly, our fair share, which we’ve certainly demonstrated, but 12,000 additional for DG, 3,000 for pOpshelf and then 1,000 for DGX.
So stepping back, you can probably hear in my excitement about the real estate and our ability to continue to grow here. And we feel like we’re being very prudent in this environment, I’m very, very pleased with the team’s performance here. So I’ll kick it over to John for your return question.
John Garratt: Yes. And just — echoing Jeff’s comments, we’re very pleased with the results we’re seeing. As he mentioned, we’re above pro forma in sales, which puts us ahead of schedule in terms of the IRRs. Again, we target a 20% to 22% after-tax IRR based on the sales. And as we outperform in sales, that puts us a little ahead on the returns as well. And feel not only great about the — and again, it’s always important to bear in mind that it includes the impact of cannibalization, which is very minimal, has been very consistent, just given the localized nature of the shop. We continue to see paybacks less than 2 years. So it continues to be a fantastic investment that we continue to hit the gas on. And we’re also really pleased with returns we get on our remodels as well, and we’re doing not only a record number of overall projects this year, but a record number of remodels, which really helps drive the comp.
Operator: Our next question is from Michael Lasser with UBS.
Michael Lasser : John, I want to hopefully get some frame of reference on 2 factors that are impacting the gross margin. So, a, you mentioned $40 million of supply chain costs that are above and beyond what you expected, does that go to $30 million in the fourth quarter? And if that’s in the right ballpark, you used the term of beat, which you can interpret a lot of different ways. I think what most of the market wants to know is, does abate mean you’re going to incur $70 million this year that will go away because those are extraordinary costs next year? And as part of that, the other piece of it is the LIFO, which the LIFO headwind because that’s needs to be $450 million or so if we just add $100 million for the fourth quarter.
If there’s a linear path of this inflation, meaning it goes from 9, 8, 7, 6 so forth, would that LIFO headwind that’s going to be, call it, $450 million this year, be like $300 million next year, so you get a $150 million benefit? Sorry for so many numbers and so much confusion.
