Kenneth Goldman: Hi. Thank you. It’s important to list my middle initial. I am just curious, the €“ it’s the second quarter in a row that you have lowered your CapEx guidance. I understand why you have been clear about that. And as Rob Moskow pointed out last quarter, you are not the only company to feel that pressure. I am curious though, at what point is it reasonable for us to not be concerned, but sort of be aware of the potential impact on your growth from not being able to expand in a way that you would like. I am just curious how it affects anything in the near-term if at all?
Gary Millerchip: Yes. Thanks Ken. For us, I don’t think it’s really something that we are concerned about. We obviously did have very ambitious plans for CapEx this year, playing some catch-up from last year. And we still believe the projects that we have on the horizon are going to be generating significant value for the company in the future and support our growth plans. But when we looked at the expectations for the rest of the year, there are a number of large projects, whether it’s in supply chain or some of the stores, just where it’s just taking longer to get them completed or there are some costs where it just makes sense to pause for a period of time and re-introduce when we believe that those costs will be more rational.
So, from our perspective, we don’t look at it as having a major impact on our growth model. As you know, we kind of historically were at sort of that $3.2 billion to $3.3 billion of CapEx spend a year. We have moved it up to $3.5 billion, being our sort of target range. And I would still say that’s probably directionally where we would want to be long-term, to be pushing to the top end of our TSR model. So, we do believe it’s important to be investing in the business, and we can still see plenty of opportunities to support that growth, but we have just thought it was based on how long it’s taking with certain things to get projects completed with supply availability that we think it’s going to be a €“ some of those projects will now blend into 2023, but we don’t have a concern today about it impacting our growth algorithm.
Kenneth Goldman: Got it. Thank you. And then Rodney, I very much respect your request for us not to ask about the transaction. I won’t ask about it. But I am curious, is there a plan ahead to sort of have give updates to investors on a separate kind of form just because it’s obviously such a big part of the story from here. I think people don’t want a black hole or a vacuum of news. So, I am just curious what the plan is to kind of update investors on progress? Is it just you will let us know during each quarter what’s new and that’s kind of it. And then we won’t have any Q&A around that. I am just trying to get a sense of that kind of news flow from here.
Rodney McMullen: Yes, it’s a great question, Ken. And it’s something that we are going to obviously manage in a very transparent way. And we wanted to go ahead and include it in this quarter, just the context of what is new, and that’s what we have shared. If there was something material, we would share it between quarters. But in all likelihood in the foreseeable future updates would be on a quarterly basis. But if it was something material, what we would try to do on disclosure is if our wells were reversed, what is it that we think it would be helpful for someone to know, and that’s what we always try to do. So €“ and obviously, feel free to give us feedback when that doesn’t feel right to you because we appreciate the feedback.
Kenneth Goldman: That’s prefect.
Rodney McMullen: Thanks Ken.
Operator: Thank you. And the next question goes to Michael Lasser of UBS. Michael, please go ahead. Your line is open.
Michael Lasser: Good morning. Thanks a lot for taking my question. Rodney, why wouldn’t the grocery sector being more competitive and see more price competition in 2023 given that the consumer is going to be under pressure there is going to be your competitors who are going to want to try and gain some share given the potential distraction from the uncertainty of the merger with Albertsons? Many consumable retailers will have this LIFO gross margin benefit into €˜23, and there is going to be disinflation where at times, it could be easier to make price investments in an environment of disinflation than it is when there is inflation.
