Charles Grom - J.P. Morgan
Okay. Anything regionally you can share?
Walter Robb
It is like the script said. It was end to end. It was strong across the board. It is really very heartening for all of us.
Charles Grom - J.P. Morgan
Okay. And, then one more for me, regarding our gross profit outlook, you spoke to quote unquote taking advantages of buying opportunities, wondering if you can shed some examples for us and what would preclude you from getting those opportunities over the next couple of quarters?
A.C. Gallo
Well, one of the big things we saw this past year was there was a kind of a flood in the market of organic fruit as some different stores pulled back on it and a lot of supply was coming on to the market. We have had a lot of buying opportunities like organic apples in the past year and another thing that we had was there’s also was a large supply of natural meats on the market. So we have been able to purchase a lot of, especially meat and produce and very good prices and be able to pass those along to our customers.
We don’t know, I mean, some of that will still come along. Our projections going forward is that some of that over supply will start to dry up and that we won’t have as many opportunities for some of that same pricing. So, that is why we think that it might not, it might not be some of the same opportunities there.
Charles Grom - J.P. Morgan
Okay. Great. Thanks very much.
Operator
We will take our next question from Scott Mushkin with Jefferies. Please go ahead.
Scott Mushkin - Jefferies & Co.
Hi. Thank you. Hopefully, you guys can hear me. I am on a cell. So just a clarification, that $0.04 adjustment since I haven’t seen the whole release, is that -- would that have been a positive earnings or negative to earnings if we adjust? And I have another question.
Glenda J. Chamberlain
Are you talking about the store closure reserve adjustments, that would have been a negative to earnings.
Scott Mushkin - Jefferies & Co.
So you would subtract out just -- Glenda, earnings would be $0.04 or less with that or $0.04 higher with that adjustment?
John P. Mackey |