Operator: Thank you. And our next question comes from Andrew Charles with Cowen & Company. Please state your question.
Andrew Charles: Great. Thank you. I know you’re committed, of course, to the tenants of the reinvention plan. But in light of the current environment and caution of the U.S. and China consumer, can you level set the long-term earnings algorithm introduced in November around guidance for 5% same-store sales and 15% plus EPS growth? Does that still apply to 2025 and beyond?
Laxman Narasimhan: Andrew, thank you for your question. Everything we see, I know that we had a tough quarter. But everything we see in terms of the opportunities that lie ahead, as you look at the opportunities we have across the innovation that we see in terms of the pipeline going forward, not just here but beyond. If you look at the productivity opportunities, the store count opportunities, we believe we’ll be back outdoor as a goal and we see no change in the long-term or our business – of the year earlier in this.
Operator: Thank you. Then the last question comes from David Tarantino with Baird. You may ask your question.
David Tarantino: Hi. Good afternoon. My question is on the value strategy that you laid out and the need to protect traffic or attract traffic in a tough environment. But I’m just wondering how you balance that with protecting the long-term health of the brand. Starbucks has always been a very premium brand position. And sort of training some of these occasional users to come in on discount might have some detrimental impact. So I’m just wondering how you balance those two things and the strategy that you have?
Laxman Narasimhan: Thank you for your question. First of all, we do provide services. And we have no intention of going across the board and saying that it’s not possible. What we are doing is we are serious about the fact that as a new team, as you move on the way, we are going to offer you the best levels of [technical difficulty]. Remember that our brand overall right now that means for what I get, is still very strong. So we are very good about that. And this is more about how we move the teams, and how we attract customers. But to those adults who are coming in on that, we need to find ways to reach them. We have to find ways to reach them. [technical difficulty].
Rachel Ruggeri: Everything is more an integrated way around product as well as what our customers can get an app to [technical difficulty].
Operator: Thank you. That was our last question. I’ll now turn the call over to Laxman Narasimhan for closing remarks.
Laxman Narasimhan: Thank you for joining us. We had a tough quarter, but we have a clear action plan that Rachel, team and I, [technical difficulty]. Thank you for joining us. And we appreciate the time to chat this afternoon.
Operator: Thank you. This concludes today’s conference. All parties may disconnect. Have a good day.
