Operator: Your next question comes from the line of Eric Des Lauriers from Craig-Hallum Capital Group.
Eric Des Lauriers: Great. Thank you for taking my questions. Congrats on the strong balance sheet management here, pretty impressive. My question is kind of following-up on some of these trends that you’re seeing. And if I’m understanding correctly, you’re seeing sort of continued weakness in the more durable CapEx products in your business, but seeing overall, I guess, consumable stabilization or maybe even quarter over to quarter growth in consumables in Q1. My question is, what, in terms of same-store sales growth your guidance assumes. I guess mostly with respect to consumables, I mean, are you expecting to see sort of year-over-year growth kind of starting sometime midpoint in the year? I guess, if you could just sort of flesh out what your guidance implies from a same-store sales perspective, and then I guess maybe any color between durables and consumables within that would be great. Thanks.
Darren Lampert: To start with, Eric, we don’t break down the future of both consumables and non-consumables. Consumable is our everyday business. That’s what we guide to. We also do guide to some non-consumable build-out projects, which we saw a very little of in 2022. So, when you look at guidance right now for 2023, it embeds three different divisions of GrowGen. We do believe we will see growth in our online division this year versus last year. We also do believe you’ll see growth in our commercial division year-over-year. And we do believe you’ll see growth in our underlying stores starting in the second quarter of this year. We’re still going against some decent comps out of January out of the first part of last year, which really slows down going into the second quarter of 2022.
So, we do believe you’ll see a steady rise in decreasing same store sales. And we still do hope that you will see a positive same store sales number from GrowGen going into the latter part of this year. But at this point it’s just too early to forecast that. And if you look at our forecast for 2023, we’re forecasting increased sales going into the second and third quarter coming off guidance, which you’re seeing at that $55 million to $57 million mark in the first quarter. So, you will see continued increases, both on an EBITDA basis and also on a sales basis going into the second and third quarters.
Eric Des Lauriers: That actually segues nicely into my second question here. So, obviously, you guys have talked about guidance, kind of assuming a quarter-over-quarter increase in revenues and EBITDA. I’m wondering if that does extend from sort of Q3 into Q4, sort of — in other words, if you’re not expecting to see the sort of normal Q4 seasonality that you have in the past. And if not, because you just kind of expand on perhaps why you don’t — why you do not expect to see that seasonality this year? And then, I guess just kind of a final one, does your guidance assume any contribution from this M&A that you’ve said is potentially likely in this year?
Darren Lampert: Yes, Eric. Right now, none of our guidance — I mean, our guidance does include M&A we’re doing this year. We also will have some — we’ll have a few store closures this year. So basically, we look at that as kind of zero out sum. If we do any material acquisitions where — which we are not expecting right now, that is not filtered into guidance. When it comes to the fourth quarter of this year, it’s just too early to really forecast on that. But the one thing we feel comfortable with that our fourth quarter same source sales and sales number will be higher than what you’re seeing in the fourth quarter of 2022. We are again — right now a little hard to see if we’ll see — will see quarter-over-quarter growth in the fourth quarter versus the second and the third.
Operator: Your next question comes from the line of Aaron Grey from Alliance Global Partners.
