Steven Sintros: Yes. I think when you break down and get to the core of inflation, certainly compared to a year ago, the cost of all those categories you mentioned are still higher. I would say that there is some moderation occurring and you read about some of it. So certain supply chain, freight cost, overseas freight, raw material costs, we’re starting to see come down. But I think it’s slow and there still are other vendors and inputs we use that have been experiencing higher cost in their business, including labor and we’re not really seeing a moderation of. So I think it’s a little bit of a mixed bag right now. But moderation is probably the right term. We’re not seeing things continue to inflate at the same rate as they did over the last year, but we’re still experiencing some of those higher costs. And many of them certainly have not taken a step back.
Joshua Chan: Right. Yes. That’s a really helpful color. Thanks for that. And so I guess as we look into 2024, I guess could you talk about a different margin moving pieces? It sounds like inflation is still going to be a headwind but you might get some benefits from the CRM side. So how do you think about margins in ’24 setting up versus where you finished in ’23?
Steven Sintros: Yes. I think certainly, we’d probably stop short of really making too many predictions as and over the course of the summer, we’ll be going through kind of our heavy budgeting and forecasting process. I will just kind of point to the commentary I made in the call about we’re very focused right now on turning the tide on the margin trajectory. And so we have a number of things we’re focused on, and we’re hopeful with that focus and continuing to try to do what we need to do to optimize pricing as well as control our inputs that we’ll be able to move things in the right direction. But at this point, we’re not positioned to make specific commentary.
Joshua Chan: Okay. That sounds good. And then, I guess, the last one for me is more of a clarifying question. I think, Shane, you mentioned in the outlook, a more modest revenue expectations in Core Laundry, if I heard that right. Is that — is that just because of the year-over-year comps getting tougher or is there anything to call out there in terms of revenue in Core Laundry?
Steven Sintros: Yes, I’ll take that one. I think we made some commentary that our attrition had ticked up a bit. I think some of it is the year-over-year comps becoming tougher, but I think there’s a little caution there in terms of the revenue trajectory. New sales continue to be strong. So I don’t think it’s on the new sales side. But we are just seeing a little softness in some pieces of it, some due to attrition.
Joshua Chan: Okay, perfect. Thanks for the color and thanks for the time.
Steven Sintros: Thank you.
Operator: [Operator Instructions] And at this time there appears to be no further questions.
Steven Sintros: I’d like to thank everyone for joining us today to review our results. We look forward to speaking with you again in October when we expect to be reporting on our fourth quarter performance as well as providing further outlook for our fiscal ’24. Thank you and have a great day.
Operator: That does conclude the conference call for today. We thank you for your participation and ask that you please disconnect your lines.
