Operator: Thank you. Next question today is coming from Alexia Howard from Bernstein. Your line is now live.
Alexia Howard: Good morning, everyone.
Mark Smucker: Good morning.
Alexia Howard: Two quick questions. You talked about the share trends being somewhat disrupted this quarter by supply chain challenges. Do you expect those share trends are going to bounce back sharply next quarter? Or do we have to wait until we lap the Jif recall, just wondering around those trends on the market share side?
Mark Smucker: We would expect them to reverse over time, Alexia. I think as we’ve talked earlier in this particular Q&A session, we’re managing through the dry cat supply chain, which is going to take a few months to manage through. And there was a comment in the prepared remarks about fruit spreads, and we think that’s largely behind us.
Alexia Howard: Great. Thank you. And then just as a follow-up, just the peanut butter distribution trends. I know you’ve been working to rebuild that market share and distribution. Can we expect meaningful improvement over the next few months? Or I mean, I’m sure you’ve been working very hard to get it all back. But is this the kind of run rate that we’re at, at the moment?
Mark Smucker: Yes. Alexia, thank you. We have been really pleased with the return of Jif to shelves. In fact, we’ve commented last week at CAGNY that all of the SKUs of Jif are back on shelf and our share is back north of 40% dollar share. So really pleased with the execution there. And we would continue to see improvement over the next quarter or so.
Alexia Howard: Great. Thank you. I’ll pass it on.
Mark Smucker: Thank you.
Operator: Thank you. Next question is coming from Max Gumport from BNP Paribas.
Max Gumport: Hey. Thanks for the question. I realize you’re divesting your dog food business, but I was intrigued by the comment about Nutrish benefiting from shifts in the category. Is that primarily in reference to the longer-term premiumization trend? Or are there other shifts in the category that you’re referring to there? Thanks.
Mark Smucker: Max, it’s Mark. We’ve been on a journey with Nutrish over the last 18 to 24 months in terms of making sure that, that brand is healthy. And it is now. We spent a lot of effort trying to optimize the portfolio, making sure the assortment is more narrow and productive, revitalizing some of the packaging and then most recently launching some new advertising as we were preparing that business for sale. And so really very pleased with the progress that we’ve made there and making sure that we leave that brand as well as the other dog food brands and 9Lives in good hands as those brands ultimately will transition to post.
Max Gumport: Great. Thanks very much. I’ll leave it there.
Mark Smucker: Thank you.
Operator: Thank you. We reached the end of our question-and-answer session. I’d like to turn the floor back over to management for any further or closing comments.
Mark Smucker: Thank you, Kevin. I would like to just, first of all, say that it was great seeing many of you at CAGNY last week and really appreciate your time this morning and joining us here, really pleased with the quarter and the momentum that we have been able to consistently deliver over the past several €“ and all, of course, all of that is really a tribute to our outstanding employees. And so just always wanting to take a moment to thank our employees for their hard work and dedication to the company and I hope all of you have a great day. Thank you.
Operator: Thank you. That does conclude today’s teleconference and webcast. You may disconnect your line at this time, and have a wonderful day. We thank you for your participation today.
