Garik Shmois: Thanks for taking my question. I just wanted to ask on the SG&A guidance range? And what are some of the factors that you’re going to be looking at when you decide to pull the trigger on some of the growth initiatives versus pulling back some. Is just a function of how demand is tracking this year? And maybe when do you have to make that decision, just given the range is down low single digits to anywhere to up mid-single digits through the year?
Allen Mistysyn: Yes, Garik, I think we look at it as we progress through the first half and get a better outlook coming into the second half. I would tell you that from a G&A standpoint, we are going to maintain our G&A tightly through the first half. I think you’re going to see us — I’ll use the term pedaling clutch like one of our predecessors here have used where we’ll spend merchandising, advertising, things of that nature that are not committed and their they are discretionary. We’ll manage those to how demand outlook we feel like. And it’s on the long-term growth investments that you can expect us to continue to push those through stores, reps. We just talked about the Pros Who Paint because we have confidence and we have a lot of strong outlooks for the long term when it comes to architectural demand.
We talked about packaging, we talked about any number of market share opportunities we have across all our businesses. So the confidence we have in the long-term outlook makes you say that we’re going to continue to invest in these long-term growth opportunities. These other noncustomer-facing type of spending, we’re going to maintain very closely.
Garik Shmois: Okay. Thanks. Follow-up question is just on the pace of new store openings for ’23. Just given that it picked up quite a bit in the fourth quarter, should we expect it to revert to maybe kind of a more linear pacing or any color on how that looks?
John Morikis : Garik, we’ve been trying to spread those out more evenly for 38 years that I’ve been with the company. For a lot of reasons that they get back loaded as the year unfolds. We’ve got a good line of sight on the number and locations. But I would say they’re likely going to be — I hope not as backloaded as last year, but they’re going to lean in the back half of the year again in 2023.
Garik Shmois: Okay. Thanks. And best of luck.
Operator: Thank you. That concludes our Q&A session. I will now hand the conference back to Jim Jaye for closing remarks. Please go ahead.
Jim Jaye: Thank you, and thanks, everybody, for joining our call today. As we went through our comments, I believe you heard that we’re very confident in our strategy going forward. I’m very confident in our people. It’s a very deep and experienced team. But at the same time, given what we see today, our outlook, I think, is a very realistic one starting off this year. Even in that outlook, we’re going to continue to gain share. We’re going to continue investing in the business to grow. You heard Al say we’re going to control the G&A very tightly. And I think John said it multiple times that we really expect to outperform the market just as we have in the past. So thank you for joining us today. As always, I’ll be available along with Eric Swanson for follow-up calls. Have a great day. Thank you.
Operator: Thank you. This concludes today’s event. You may disconnect at this time, and have a wonderful day. Thank you for your participation.
