We’re hopeful we can bring this to a close yet this year. Like many unions around the globe, they’ve got really big expectations. And there’s a difference both in the amount of wage increases and the term of the contract. We obviously want to lock in the longer term, so we’re not here next year talking about the same kinds of things. So the impacts of the strike are continuing into the fourth quarter. And we anticipate that they will continue at least through November.
Rick Galloway: Scott, maybe just to throw a couple of numbers to that. In Q2, we saw about $0.02 a share. In our guidance, we essentially doubled that for Q4. So we’re optimistic that it will close out in 2023 and not have an impact on 2024. But as of right now, in our guidance, we have a total of $0.06, $0.02 in Q3 and then $0.04 in Q4.
Scott Stember: Okay. Got it. And then just a quick last question on the bumper to bumper business. I don’t know if you’ve mentioned this before. Can you just give us an indication of how the organic sales growth has been running just some of the industry dynamics up in Canada on the mechanical repair side?
Nick Zarcone: Yes, the bumper to bumper is pretty much right on track, right on plan. So we are really pleased with that business and with the team. As I mentioned, we’ve got a couple of small tuck-in acquisitions that we’ve already completed and another one that will happen in Q4. So we anticipate nice growth up in Canada.
Rick Galloway: To throw a number at it, Scott, high single digits is the way you should kind of think about that business right now.
Scott Stember: Organically?
Rick Galloway: Yes, organically. Yes.
Scott Stember: Okay. Good enough. Thank you guys.
Rick Galloway: Thank you.
Operator: Our next question comes from Gary Prestopino from Barrington Research. Your line is now open.
Gary Prestopino: Hey, good morning everyone.
Nick Zarcone: Good morning, Gary.
Gary Prestopino: Rick, could you maybe go into some of the issues. I mean you mentioned pricing, but what exactly is going on for the 140 basis point decline in gross margin in Europe that you cited. You talked about something pricing in Eastern Europe was having some issues, could you maybe go in a little more detail on that?
Rick Galloway: Yes. So if you think about what’s going on over there with the recessionary environment and the activities going on, there is a little bit of price sensitivity. So what I was talking about in my prepared remarks is some price sensitivity in Europe that is – think of the good, better, best product brings that we offer. The customers are moving from the best to the better, better to the good, and we’re seeing that come down. What we have seen and what we think the opportunity is in our overall category management. Think of things like private labeling, right? So private labeling, we have businesses not in Central and Eastern Europe that are getting in, call it, 35%, north of 35% on private labeling. And we also have businesses in Central Eastern Europe that are at single digits.
Mid- to high single digits in that private labeling branding. As those customers move down to a different product offering, that’s where we think we’re going to be able to really drive overall profitability to move them over to a different product offering that actually helps us out. So it’s just that consumer price sensitivity. The really good news, Gary, that I would tell you is our products are nondiscretionary. As we’ve been saying, volume is really solid. That continues to be the case, both in Central and Eastern Europe. The team is doing a fantastic job as far as delivery performance and all of that. It’s just a little bit of sensitivity on that recessionary environment that is squeezing the margins a bit that we think we’re going to be able to rectify here in the next couple of quarters.
