Dennis Geiger: Great. Thank you. I just wanted to ask one on the digital side of things, given the impressive results there in the quarter. Maybe just if you were surprised by the digital strength or based on the focus and the investment there, if the digital performance kind of went as planned? And maybe just based on the strength you saw and then maybe some of the compelling value offers on digital that you had in the quarter, what that maybe means going forward over the balance of the year as you think about continuing to attract folks to the app and what that value digital strategy might look like? Thank you.
Kirk Tanner: Good morning and thanks for the question. Yes, we’re delighted with the digital performance. We still think we have a lot of runway. I would say it was planned. We put a big effort to do 360 advertising around this digital platform with the Final Four that saw a lot of traction, it saw a lot of loyalty uptick. We added now we’re at about 40 million people on the platform. Our average monthly users went up to about 6 million. So we saw some significant momentum. We see it as a really positive tool to create this loyalty and engagement allows us to understand our customer better. We still think that there’s still a lot of runway for us. So we’re going to continue to invest in our app. We’re going to continue to invest in our loyalty platform, because we think this is certainly an avenue.
We like it for a lot of reasons. And one of the reasons I like it the most is when we have a digital order, it’s a larger order. It has a nice impact to our profitability in our restaurants. So I’m excited about the potential that we still have and delighted with the traction that we’ve created in Q1.
Operator: Thank you. Our next question comes from Gregory Francfort from Guggenheim Securities. Please go ahead.
Gregory Francfort: Hey, thanks for the question. GP, maybe this is for you, but can you just talk a little bit about the commodity basket for the balance of the year? We’ve all kind of seen a big spike in hamburger prices, but you guys had a great quarter from a margin perspective particularly on COGS. So just the pushes and pulls on what you’re seeing from that as you go forward? Thanks.
Gunther Plosch: Good morning, Greg. Yes, so on the first quarter, we had flat commodity inflation, and then a labor inflation of about 3.5%. Despite that, we managed to enhance U.S. Company margin by 60 basis points. From an commodity outlook point of view, it’s unchanged. I told you last time it’s flat, it remains flat. We obviously have gained a little bit more visibility now. About 80% of our commodity basket is now locked down. We continue to expect that beef and fries are inflationary and chicken remains deflationary for us. So overall things are going to plan. Very comfortable with the commodity outlook we have.
Operator: Thank you. Our next question comes from Lauren Silberman from Deutsche Bank. Please go ahead.
Lauren Silberman: Thank you. I wanted to just follow-up on the same-store sales outlook on the two year stack. It implies a pretty meaningful one year acceleration throughout the year. Is it right for us to assume you expect one year trends to build throughout the year? Anything you’re willing to share on what you’re seeing quarter-to-date? And then are you seeing any differences across regions? Thank you very much.
Kirk Tanner: Good morning, Lauren. Yes, I can give you a little bit of color by quarter. So we’re definitely expecting on a one year basis to see a step up in quarter two versus quarter one, and then a further step up in quarter three. So that’s how that’s going to lay out. As I said for the year to go the two year stack is very well in line with what we had in the first quarter. From a regional difference point of view, as you know there’s always regional differences. We don’t go into that level of detail, but we are happy with our performance across the whole system.
Operator: Our next question comes from Andrew Strelzik from BMO Capital Markets. Please go ahead.
Jared Hludzinski: This is Jared Hludzinski on for Andrew Strelzik. Thank you for taking the question. So I wanted to touch about — touch on the planned $55 million company investment into breakfast advertising over the next two years. And I was hoping to get your thoughts on it more investments might be required there if we kind of remain in a more vocal competitive environment. And just putting that into the context of the high single-digit U.S. breakfast sales growth in the quarter relative to your target to achieve 50% sales growth over the next two years? Thank you.
Gunther Plosch: Good morning. Yes, our perspective on investments needed to reach our potentially in breakfast is unchanged, right? We told you guys about $55 million, roughly split 50-50 between ’24 and ’25. That started to ramp up. We are — basically allows us and always on message to keep reminding consumers that we have the best breakfast in the business, drive trial and repeat out of it. So for the time being, there is no change in opinion. We are obviously watching the performance closely, the financial returns we get out of it. So far, I feel good about it. And this, as Kirk explained, right, we will not full on from a media pressure point of view — from an incremental media pressure point of view. In the first quarter, we took our time to line up our innovation for it.
And there’s obviously more to come. And we know what works in the breakfast business. We need to offer value on a regular basis [indiscernible]. So construct we have out there is resonating well. Mix in innovation plus remind consumers that, hey, you should try the best breakfast in town. All of that continuing to repeating that will get us on our way to our potential of about $6,000 per restaurant per week.
Operator: Thank you. Our next question comes from Sara Senatore from Bank of America. Please go ahead.
