Peter Benedict – Wachovia Capital Markets
Hey, guys thanks, most of mine have been answered but a couple of things. First on the services business you saw the slow down to 15% growth. What were you trending as you exited the third quarter and what’s kind of your sense of what you’ll see here in the fourth quarter?
Lawrence P. Molloy
Peter this is Chip. We weren’t going to, we gave comps for the first two weeks but we are not prepared to break out the mix of the comps for the first two weeks of the year and just inline with we had a five plus comp in the quarter all in for Q3 we had a four one in October so generally in the services business fell inline with the rest of the business on the drop off.
Peter Benedict – Wachovia Capital Markets
Good thanks Chip. With the additional cutback in CapEx when we think about the timing of the store openings, the 42 new net next year, virtually all those going to happen in the first half? Could we have basically no openings in the back half?
Philip L. Francis
This is Phil, it’s not right. It’s heavily weighted to the first half. It’s not exclusively and probably 75% in the first half and more than half of those in Q1.
Peter Benedict – Wachovia Capital Markets
Hi great, thanks much guys.
Operator
Next question is from Mike Baker from Deutsche Bank, your question please?
Michael Baker – Deutsche Bank North America
Thanks, one just a follow up from a previous point so Phil, what were the comps in the super premium, premium, etc? Do you see those types of high end products also comping better than average?
Philip L. Francis
I am unwilling to be as specific about that. I can tell you the lowest growth rate we had was in grocery but it was double digit and the RX was 40%. Generally the higher end was the better than lower end. Our lowest one was grocery though it was double digit. I am unwilling to give a particular number quarter-by-quarter on category by category.
Michael Baker – Deutsche Bank North America
Sorry that was helpful. What you did was just right. And then, sticking on the consumables, so you told us the mix, so we know then, we can figure out that the total consumable growth is about 19% year-over-year. If we assume 6% to 8% of that was from average new store growth, kind of the new store productivity number, then your consumable comp was maybe in the 10% to 12% range 7% from inflation, so am I correct to say that the other 3% was from unit growth or maybe a bigger basket or something on those lines in the consumables?
Lawrence P. Molloy
Hold on just a second Mike. |