Anthony Lebiedzinski: Got it. If I could squeeze one more question. As far as your outlook for M&A, just how should we think about that? And then, as far as acquisition multiples, have you seen any changes?
Julien Mininberg: Yeah. So Jack will speak a little bit to acquisition multiples the spoiler alert, they’re generally coming down. Obviously, interest rates are going up and valuations coming down, it’s broadly known, but not specifically deal by deal, just it’s a macro comment. In terms of our capital allocation, which is to me as a broader question, we’re very pleased that our strategy is working, which is to reduce our inventory, improve our cash flow. You saw that in the numbers that we reported today where we’ve made significant progress and not just in this quarter, but now also on top of the big progress that we announced in April for Q4 of last fiscal year. As we continue towards the guidance that we reiterated today, it opens up possibilities for additional capital deployment.
So per our strategy, M&A on the form of acquisition and also the potential for opportunistic buyback and we consider these things all the time. In the case of operational needs, we don’t be on the big warehouse have another big (ph) in the short term, so that helps us as well. And I will give it to Jack on the subject of what’s out there.
Jack Jancin: Yeah. So Anthony, we’re seeing more deal flow has been picking up recently than maybe over the last six months and expect that there will be even more as the rest of the balance of this year continues. I think for us, we’re going to continue to stay in touch. We’re going to look at the different options that are out there. Part of when it’s right for us to do it is going to be when the organization is ready, that we’re still in the midst of Project Pegasus. It is going really well. And what we don’t want to do is created any additional compression. We’d rather do that well, do it right. And then what our — some of our priorities are to get that levels down. That being said, we’re seeing with some of the assets that are transacting out there, we are seeing multiples coming down. As Julien had mentioned, and expect that good assets will probably cost, a higher multiple than others. But in general, we’re seeing multiples going down.
Anthony Lebiedzinski: Understood. Thank you and best of luck.
Julien Mininberg: Great. Pleasure, Anthony.
Operator: Thank you. Our final question is from the line of Linda Bolton-Weiser with D.A. Davidson. Please proceed with your question.
Julien Mininberg: Hi, Linda.
Linda Bolton-Weiser: Hi. Hello. Congratulations on a nice quarter. So I was wondering if on the gross margin expansion, it was really strong. And you mentioned there were some — there was a benefit from lower EPA repackaging costs. Is there any way to quantify the rest of the expansion? Like, how much was mix, how — what was the net of the freight or commodities? Is there any way to quantify the whole gross margin expansion in the quarter?
Brian Grass: I mean, we gave you, I think it was 180 basis points of expansion related to the EPA, the lack of having those costs year-over-year, so that’s roughly half. I think you could or a little less than that actually. I think you could split the remainder up between the margin benefits and commodity and freight costs, I think it’s fair to kind of do a 50-50 split of the remainder.
Linda Bolton-Weiser: Okay. And then I think you kind of mentioned somewhere in your commentary about the facility rationalization, those excess distribution facilities that you have now? Is there any additional movement on what might be done with those or anything to report on that front?
