Ken Goldman: Got it. That’s helpful. Thank you. And then just to follow up on your comment about SD&A. You previously guided, I think, to roughly even expense on that line item each quarter this year. Obviously, 1Q came in light. As we think about the next few quarters, should each of them be roughly the same? I guess, it’s around $355 million implied, or there — might there be a little bit more lumpiness as they sometimes, so?
Tucker Marshall: Ken, I’m just verifying, but I think your assumption is fair around the $355 million over the next three quarters.
Ken Goldman: And should we just model that in evenly, barring any other information?
Tucker Marshall: Correct.
Operator: Next question is coming from Matt Smith from Stifel.
Matt Smith: I wanted to ask about the pricing and inflation dynamic in U.S. Consumer Foods. I believe you said that on an underlying basis, pricing continued to lag inflation. So, can you talk about the outlook there and when you expect that dynamic to inflect in your pricing to more than offset current inflation?
Mark Smucker: Yes. I think, Matt, we are seeing pricing offset current inflation in our consumer foods business. I think generally, across our entire business, pricing is relatively stable. We would consider ourselves still in an inflationary environment. We have had some — we’ve sharpened our price points on coffee and passed some of that through to customers and consumers. And so, that will help coffee in our future quarters as well. But generally speaking, whether it’s consumer or the business in total, we have recovered inflation.
Matt Smith: Okay. And then, you mentioned coffee — lower coffee prices passing on to the consumer. Are there other areas of the business maybe not directly commodity-related where you’re seeing competitors already lowering their pricing, not necessarily related to the underlying commodity, things getting a little more competitive perhaps?
Mark Smucker: There’s a — a pretty short answer is generally no. We have not seen significant deflation across the industry.
Operator: Next question is coming from Pamela Kaufman from Morgan Stanley.
Pamela Kaufman: Just wanted to dig into the coffee outlook a bit more. Can you talk about your strategy for coffee pricing this year given the favorability in coffee costs and how to think about the outlook for promotions versus potential list price changes? And I guess, generally, what are your expectations for segment growth? And how should we think about pricing versus volumes for the balance of the year?
Mark Smucker: Pam, maybe I’ll start and maybe Tucker probably has a comment here. We did see some — a little bit of relief in the commodity, and that’s what drove us to sharpen our price points in a few of our coffee brands. That has really took place in this month. So that will start to impact and help the business going forward. Just a reminder that as we manage price, we really try to be prudent. We do feel that it’s important to pass along both increases and decreases, but we do, do that with multiple levers. Sometimes, it’s list price, sometimes it’s trade or just getting a little bit more surgical on pricing, and that’s really what we’ve done here. And so, we do expect that to support the coffee business going forward. But beyond what I shared, we don’t — we probably cannot speculate on any future movements at this time.
Pamela Kaufman: And then, just on the pet segment. Can you talk a bit about what you’re seeing in the consumer behavior in the pet category? We’ve heard from some of your competitors that consumers are exhibiting increasing demand elasticity and some trade-down in pet, particularly when it comes to treating. Obviously, Milk-Bone sales were still strong in the quarter. So just curious to hear what you’re seeing in the dynamics in the category.
