Additionally, as COVID concerns and travel restrictions eased early in the quarter, we believe many consumers spent their discretionary income on experiences and vacations rather than luxury consumer goods like fine jewelry purchases.

Nov 3, 2022 / CEO / receipt, needs a key / Don O'Connell, CEO | earnings call 2022-11-03 | transcript 188ed623-528e-4dae-a932-a5fc4af7acd4 | chars 2340-2574 | segment 2

These increases are primarily due to our increased investment in our marketing strategies in preparation for the upcoming holiday season, attendance at the JCK Las Vegas Jewelry Trade Show, an increase in stock-based compensation and bonus expense associated with our operating results performance, all within the quarter.

Nov 4, 2021 / CEO / receipt, needs a key / Don O'Connell, CEO | earnings call 2021-11-04 | transcript dd582afb-f69f-4942-a9e2-188b74c2daf0 | chars 5611-5933 | segment 5