The reality is, as you know, there are different assumptions that you can have. So, at this stage, the team is considering a few of the scenarios and then planning accordingly. But the reality is that today, there is limited visibility in terms of what exactly is going to happen in each of those lines for 2024. So, the best you can do as a business is to make sure that you have the different scenarios that you plan for it and then you are ready with the specific action plans either because you already have them or because you will deliver or I’m sorry, develop specific ones. Eugenio?
Eugenio Garza: Well, I just going to add that, I mean, taking my head off as employee and just looking at it as Mexican, I think, I mean from a macro perspective, I mean, the economy will have to adjust in certain segments of the economy will have to make tougher choices. Fortunately, in retail, it’s a little bit easier than in other sectors. But at the end of the day, there will be more money and a better lifestyle for most of the Mexican. So, I mean, there will be more money to spend and hopefully more topline growth in the economy as well. So, I think it’s the right investment. We’re just going through the growing pains of adapting to the new reality of relative labor cost to all of the costs in the economy.
Paco Camacho: No. And I think following up on what Eugenio just said, I mean we should kind of think of separately what minimum wage increases and then whatever happens with vacation and hours and the work week and so on and so forth. Obviously, — and we’ve seen it for the past five years. The big increases in the minimum wage do have a silver lining as a retailer, obviously, because there’s more money circulating in the economy, and that will happen again. So going back to the double-digit growth of the top line, clearly, this happens in an environment where people, in real terms have actually increased their earnings by and large. So that’s kind of something that needs to be put into the equation, because we do get slack through the top line.
Alejandro Fuchs: Thank you very much.
Operator: The final question comes from the line of Ricardo Alves from Morgan Stanley. Please go ahead.
Ricardo Alves: Thanks very much for the follow-up. Eugenio, I got cut off. So I’m sorry if you addressed this already. And I know you’re still studying the issue of shareholder returns, but I feel that I need to ask, is there any even a small update, any change, for instance, on the framework and execution we’ve been discussing the possibility of extraordinary dividends, buyback and eventually a new dividend policy as kind of a potential framework. A quick update on that on your recent thoughts as you’re doing your work is progressing on that? And just quickly, I think that in the preliminary remarks, you mentioned the Board meeting. I just wanted to confirm the date, if that’s possible? Thank you so much.
Eugenio Garza: Yes. On the first topic, really no major update. You didn’t miss anything what you would cut off. But having said that, we are getting closer. We are making the — I mean, the more detailed analysis, and there’s still — I mean, debates going on internally about how — what the long-term kind of targets are for the different businesses, acquisition possibilities. How many of those are really value accretive? How many are not? What the right strategy is for distributing any excess capital to shareholders, et cetera. So not a lot of update today that we’re getting closer and the purpose of everyone here in management and the Board, we’re all aligned that whatever we will do will be in the interest of maximizing the intrinsic per share value of the long-term shareholder for FEMSA.
So we’re very clear on that. And we will not deviate from that. And as is customary, we usually have the third quarter Board meeting after the third quarter results. So that’s coming up in the next couple of weeks. We will be discussing this. I won’t give you any guarantees that there’s going to be any specific news that will come out of that, but we are making good progress, and we will be, I mean, unveiling what our final thoughts are as we originally anticipated in due course, so.
Ricardo Alves: Thanks a lot, Eugenio.
Juan Fonseca: And Ricardo, Thank you very much for the discipline of lining up again like a Harry Porter ride and just writing it again and reading it again. Thank you.
Ricardo Alves: Appreciate that. Thanks Juan.
Operator: Thank you. There are no further questions. So I’ll hand you back to your host to conclude today’s conference.
Juan Fonseca: Thanks, everyone, for your interest today. Happy to have you along for the journey and have a great weekend.
Operator: Thank you for joining today’s call. You may now disconnect your lines.
