Bob Volke: Yeah, I guess I’m not quite ready to be that specific Sam, but again, thanks for the question. I mean, I think we’re looking at here is again as we kind of feel like seasonality is starting to more normalize. Again, I think you go back and you look at that previous year’s, excluding kind of a couple pandemic years, and we did see that you know the first quarter is a fairly profitable quarter for us. So we expect that we’ll see you know a little bit of returning to that normalized, that’s what I said. Our guidance says, from our EBIT percentage you definitely will see something fairly similar to what we saw in Q1 of last year, but we do have a little bit, you know obviously additional interest as I mentioned as well going in, so there will be some impact on EPS as we move throughout the year.
Sam Poser : Thanks very much. Good luck.
A – Mike Longo: Thanks.
Operator: Thank you. Our next questions come from the line of Alex Perry with Bank of America. Please proceed with your question.
Alex Perry : Hi! Thanks for taking my questions. Just first, Jared I think like you just said marketplace extremely promotional. Is that all apparel and is there any buildup of footwear inventory; you know is there €“ are there pockets for footwear’s requiring discount. And then you know maybe on the gross margin guidance for the year, the expectation that 1H declines will be more significant than 2H as you work through that sort of elevated apparel inventory.
Mike Longo: Yes, the first part of the question Alex. Yeah, I mean the marketplace obviously has been very promotional around apparel, but really it’s been promotional around everything. There’s certainly been pressure on you know secondary or tertiary brands and franchises and footwear, and we expect that to continue as we go throughout the year, and the marketplace gets a little bit more balanced inventory levels. As far as the margin is concerned, I don’t think we’re seeing a huge difference between the first half and the second half of the year, so there’s a lot of moving parts obviously. We are you know talking about as Jared said, some of the promotional stuff, but we’re also going to continue trying to get more efficient with some of our other costs.
Obviously, store occupancy is one thing that we think that there’s you know still some headwinds when it comes to utility costs, but also if we can you know get to the sales figures we’re talking about, there’s some opportunity to get some leverage there as well. So I don’t think there’s a wide discrepancy between the margin as we work throughout the year.
Alex Perry : Great! So it’s fair to say that the sort of launch, you know the high heat footwear franchises from like a Nike or some of your largest vendors aren’t requiring a lot of markdowns. It’s more sort of the secondary tertiary brands. Is that fair?
A – Mike Longo: That’s fair, yeah. I mean the primary focus of ours is seeing excellent throughput, phenomenal liquidations, and we would expect that to continue, but there is some pressure on some secondary and some of the tertiary investments that you know we’ll need to work through it.
Alex Perry : Yeah, and then my last question is, can you just maybe talk about how the launch calendar for the first quarter stacked up versus last year or I guess another way of putting it? I think you were still dealing with some inventory issues on the footwear side through the later part of March last year. Is that sort of correct? So how should we think about you know will 1Q be driven by the same sort of unevenness of the inventory compares that 4Q is driven by?
