Meghan Frank : Dana, so we’re — we shared color of 140 basis points to 160 basis point increase in gross margin for the full year, and that would really be driven by a benefit from airfreight, down 150 basis points. We are expecting markdowns to be flat year-over-year, also flat to 2019 levels. And we have a little bit of pressure, as we mentioned in our distribution center strategy that’s really aimed at servicing our demand over time. In terms of cadence by quarter, I had mentioned earlier, we have the biggest opportunity in markdowns in Q4, offset by Q1 through Q3. And then in terms of airfreight, our biggest opportunity will be Q1 in the range of 300 basis points to 400 basis points. We will be higher — we will have opportunity relative to the last year in Q2 and Q3, and then we’re expecting at this point in time, we’ll be in line in Q4.
Dana Telsey : Got it. And then just, Calvin, on the new product rollouts that are coming this year, where do you see the most opportunity to have an influence on the overall category given that you’re gaining share in a category that’s a little more challenged now.
Calvin McDonald : In terms of the product, what I’m anticipating is similar to what we’ve been seeing, which is balanced growth across men’s and women’s across categories and activities. The innovation, a little bit of what I’ve shared is a balance of continuing to innovate on our core styles and franchises like the recent update to the men’s and pace breakers short as well as adding additional styles to proven franchises like the Align campaign that I’m really energized and excited about. It’s a fantastic expression of one of our powerhouses and excited to use it as a way to continue to recruit new guests. And then building on new launches like footwear and then bringing successes in our men’s business with the license to train into our women’s assortment.
So I think it’s another expression of the evolution we’ve had with our product strategy, which is early still, very balanced across the activities we identified expressed through categories and franchises across both men’s and women’s. So my anticipation is still very balanced growth both in North America, around the globe for product for us in ’23 and beyond.
Operator: The next question comes from Brooke Roach from Goldman Sachs.
Brooke Roach : Calvin, I was wondering if you could contemplate the customer engagement that you’re seeing with full price relative to discounted product? And how that engagement may have changed over the course of the last few months, combined with your expectation for that for the rest of the year, does that engagement rate differ by region, age or customer income demographic?
Meghan Frank : Brooke, in terms of markdown and full price penetration, we did see that normalize as we move through the balance of January and then into Q1. We haven’t seen any material differences by customer segment, and we do expect that we’ll maintain that relationship of healthy full price in line with history, that’s reflected in the color we provided on markdown staying flat year-over-year, also flat to 2019, which we view as a healthy water line for us.
Operator: The next question comes from Michael Binetti from Credit Suisse.
