Gavin Hattersley: Kaumil, I missed the first part of it, but it sounded like you were giving us complement, the last part of your first part of your sentence. So I think I’m going to take that, and we’ll run with it. As far as capacity is concerned, I think — I heard that part of it perfectly. Look, we — from a capacity point of view, we’re expanding capacity where we need it, right, so, in terms of seltzers, our flavored malt beverages, and our variety packing capability. So we’re expanding there. We don’t provide specifics on utilization, but we feel good about our current capacity and its utilization. We closed two breweries in the U.S. over the last few years. And that improved our capacity utilization a lot. We’ve just built two new state-of-the-art breweries in Canada, and we’re doing a multiyear modernization project at our Golden brewery.
So, we’re happy with our brewery footprint. And of course, within that, we always look at how we can be more efficient from a line point of view and look for ways to optimize that.
Operator: Thank you. And our final question today comes from Christian Junquera of Bank of America.
Christian Junquera: You have Christian on for Bryan Spillane. It would be helpful if you could share your outlook for the hard seltzer and ready-to-drink cocktail category for 2023. Thanks for taking our question.
Gavin Hattersley: Thanks, Christian. Look, I mean, we’ve shied away from giving specific guidance on hard seltzers because it’s a little challenging in new categories, right? But what we haven’t shied away from is saying that we think hard seltzers are here to stay. And they’re now a foundational part of the overall beer — segment. Having said that, and as I said in answer to an earlier question, we’re realistic about the trends that we’re seeing there, which is why our premiumization strategy looks at flavors more broadly. So, it’s not only seltzers, but it’s FMBs and RTDs. And so, you can expect us, as I said earlier, to continue focusing on Topo Chico — Topo Chico is number 4 in the country, Vizzy is number 5. In Canada, we’re growing share nicely behind Vizzy and Coors Seltzer.
We just launched that Topo Chico as well. Simply Spiked has been a massive success for us since it launched in the summer of 2022. We’ve got a strong hot tea proposition with Arnold Palmer Spiked. And as I said earlier, we’re also launching Topo Chico Spirited in the first quarter of this year. So, we’re confident in the diversified approach to flavor. It allows us to benefit from the shifting consumer preferences. And I think we’ve got the portfolio to win both nationally and regionally. And we saw that momentum in 2022, and we intend to accelerate it even further in 2023.
Operator: Thank you. At this time, we currently have no further questions. I’ll hand back over to Gavin Hattersley for any closing remarks.
Gavin Hattersley: And I will hand it over to Greg.
Greg Tierney: Very good. All right. Thanks, Gavin. Thanks, operator. I appreciate you all spending time with us. If you did have additional questions that we were not able to ask — or that you were not able to ask today, please follow up with our Investor Relations team over the next days and weeks to come. But look forward to talking with many of you as the year progresses. And with that, thanks everybody for participating in today’s call. Have a great day.
Operator: Ladies and gentlemen, thank you for joining today’s call. You may now disconnect your lines.
