Fred Wightman: But that was €“ I mean if I remember €“ just to be clear, it always gets a little confusing. You’re talking about fiscal year comments, or are you talking about calendar year comments here?
Mike McLamb: Yes. It’s a very good question and we get that from time to time. When we give industry comments, we’re talking overall the industry during our fiscal year. So that’d be between October 1 through 9/30 is our commentary that we make.
Fred Wightman: Okay. Got you. And then just a clarification. I think your guidance was for a modest decline in same-store sales. Can you put some benchmarks around that? Is that low single digits mid-single digits?
Mike McLamb: Yes. No low single-digits.
Fred Wightman: Okay. Got it. Thank you.
Mike McLamb: Yes, thanks.
Operator: Thank you. Our next question comes from the line of Drew Crum with Stifel. Please proceed with your question.
Drew Crum: Okay, thanks. Hey, guys. Good morning. So the gross margin in fiscal 1Q my sense is that was maybe a little bit better than you thought it would come in at. But the guidance for the year is unchanged. Can you talk about what your expectations are over the balance of fiscal 2023 and the puts and takes there? And then I have a follow-up.
Brett McGill: Yes. I think that a little bit of conservatism in there just based on inventory build and some discounting out there, although we’ve held really €“ all the premium product seems to be holding up real well but probably just a little bit of that baked in. Mike?
Mike McLamb: Yes it’s really not a change from our guidance. And our guidance in October, we did expect a little bit of margin pressure and boat margins to compress throughout 2023. You add to the business $100 million plus of marina revenue, which helps to offset that. But we still think mid-30s is great. We think we’re going to be in the mid-30s but slightly down from where we were last year.
Drew Crum: Got it. Okay. And then back in October guys, I think you provided some metrics on IGY, the $100 million plus of revenue, $40 million of EBITDA and a $0.10 contribution to EPS. Does that still hold, or are there any changes to that?
Mike McLamb: I think generally that €“ those numbers still hold for IGY. We obviously are working through all the purchase price accounting and all the implications there. You can actually see that when you work through our numbers, they had a very nice contribution to this quarter. When you look at the manufacturing segment, if you factor that, we had negative 1% same-store sales growth you can see that they had a nice revenue push in the December quarter, which is good to see, especially in the quarter that we merged, which obviously creates some distractions. But I think we’d still stick by what our thinking was around IGY.
Drew Crum: Yes, okay. Got it. Thanks, guys.
Operator: Thank you. Our next question comes from the line of Joe Altobello with Raymond James. Please proceed with your question.
Joe Altobello: Thanks. Hey, guys. Good morning. I guess first question on the financing environment. Are you starting to see more cash buyers come into the market? Are you seeing lenders pulling back at all, whether it be to consumers or on the floor plan side?
