But the business, — it also affects — there’s also factors related to the macro economy and some of that and also some of the things that we’re going to do to drive improvements in our app, which will improve our app experience, which should improve the growth in that part of the business as well. So I think the answer is, we’ll kind of know when we know. But for now, our expectation is that the seasonality will be the way I described it. Barry, anything else to add?
Barry McCarthy: One minor point. I agree with everything Liz said. I think it’s we’ll know more over time. But I think it’s possible that the — at least the app business will be less seasonal than the Connected Fitness business because the Connected Fitness unit stays in doors when people are outdoors, but the app travels with you wherever you are. And a number of those workouts are designed to be done anywhere, anytime, anyplace. So when you’re running, between yoga outside or strengthening the gym or if you’re using Connected Fitness content on – in a gym, by way of example.
Aneesha Sherman: Thank you. That’s really helpful color.
Operator: One moment for our next question. Our last question comes from Jonathan Komp with Baird. Your line is open.
Jonathan Komp: Yeah. Hi. Thank you. I just wanted to follow up, Barry. I think you mentioned some pretty robust growth expectations by the fourth quarter. Could you maybe just share a little bit more what’s driving those assumptions? And then, Liz, just a modeling question. Are you willing to talk about the relative size of the Precor business on a quarterly or annual basis? Thank you.
Barry McCarthy: Liz is going to vote me off the island if I talk more about the forecast, I’m certain. So I’m going to — I will answer it, but I’m sure my answer would be unsatisfactory. So I’m referring to the year-over-year growth and — point one. Point two, whether or not we achieve it depends greatly on how the year, the quarter is preceding it unfold. It’s not like we’re projecting to linking back to comments was just made about the seasonal cadence of the business. We’re not seeing a big change in the seasonal cadence. So it’s not like we’re suddenly blowing out Q4. So we stand on the shoulders of the quarters that have come before.
Liz Coddington: Yeah. I do think it is worth adding just on the revenue growth side, just to mention the fact that when we do bring Tread+ back to market, that will impact the second half of the year as well from a revenue perspective. Based on how we’re thinking about the limited inventory that we’ll have available to sell. Now your question about Precor, we don’t provide specifics and we don’t really break out that Precor business, but it is less than expected to be less than 10% of our business in fiscal ‘24. We are making progress on that business though, and I do want to call out that we have put in a new management team in place there. They’re still relatively new. And we expect that, that business should be in a much better spot.
And they’ve made some restructuring changes. We are closing a Precor facility in North Carolina. We’ve announced the closure of that, and they’ll be improving their adjusted EBITDA and free cash flow throughout the course of the year.
Jonathan Komp: Okay. That’s helpful. Thank you.
Operator: And I’d like to turn the call back over to Peter Stabler for any closing remarks.
Peter Stabler: Thanks, everyone, for joining us today. We’ll speak to you next quarter. Have a great day.
Operator: Ladies and gentlemen, this does conclude today’s presentation. You may now disconnect and have a wonderful day.
