“So, we certainly had great performance over whether you look at it on a two-year horizon, a four-year horizon, 30 plus percent on a four-year horizon, call it 14% or so on a two-year horizon. So, feel great about that, but I think we are moving into 2024 that’s going to look more like what you would have considered a typical year prior to COVID and all the things that have gone on.”

In context

“Spain, like in Italy, we're seeing no impact. So it really depends very much on the country. But, as I said, the most pronounced impact that we're seeing is in the Middle East and in Muslim countries like Indonesia and Malaysia. Also, as we said in our prepared remarks, our outlook is, so long as this conflict, this war is going on, we're not making any plans, we're not expecting to see any significant improvement in this. It's a human tragedy what's going on, and I think that that does weigh on brands like ours. Back to your other question about potentially a reacceleration as we also said in the prior remarks and we also talked about it at Investor Day, we're expecting 2024 to be normalizing comp sales growth in that kind of 3% to 4% range, which is, where we've been more historically. So, we certainly had great performance over whether you look at it on a two-year horizon, a four-year horizon, 30 plus percent on a four-year horizon, call it 14% or so on a two-year horizon. So, feel great about that, but I think we are moving into 2024 that’s going to look more like what you would have considered a typical year prior to COVID and all the things that have gone on. Mike Cieplak: Our next question is from John Ivankoe with JPMorgan. John Ivankoe: Hi, thank you. The question is on France, and France has obviously been a leading market for McDonald's in a lot of ways for a couple of decades now, and in some cases it has actually been a leading indicator of positive performance in other markets or things that were done in France that were then copied by others quite successfully, implemented by others quite successfully. So it did sound like you had some self-help in France, value, core menu and delivery. I mean, did you find yourself, I guess, kind of catching up from behind in some of those metrics? I wanted to understand a little bit more maybe what you could have done differently in the fourth quarter to improve results? And do you think possibly th”