The company eased off on pricing actions in the quarter due to a moderation in inflation that may lead to higher margins in 2023, assuming inflationary pressures continue to decline. This left GAAP earnings at $0.43 or up $0.03 from last year, a penny ahead of consensus, and in a good position to maintain dividend health and continue repurchases. Longer term, this stock should find a firm bottom soon and begin moving sideways in preparation for the next economic expansion if it doesn’t do so today.