Major call-outs here are better alignment on new standards and demand-generated labor schedules, further increasing operating hours, driving waste reduction, T&E discipline, and other initiatives.

Aug 3, 2023 / CFO / receipt, needs a key / Katie Fogarty, CFO | earnings call 2023-08-03 | transcript 0bb8bb41-f3ee-46ed-b1fd-44a62327feaa | chars 15072-15268 | segment 15

Strong holiday demand and travel benefited our licensed SHACs. However, licensed sales saw significant impact from COVID pressures in China and pressures from the stronger U.S. dollar.

Feb 16, 2023 / CFO / receipt, needs a key / Katie Fogarty, CFO | earnings call 2023-02-16 | transcript 00109be1-3816-42fc-95bf-b24a58866545 | chars 17757-17941 | segment 18

We are planning for elevated T&E expense for the foreseeable future as we support some new upcoming openings, but long-term, we are targeting more normalized travel costs to support openings and expect this expense line to reach more typical levels we have shown in prior years.

Nov 3, 2022 / CFO / receipt, needs a key / Katie Fogarty, CFO | earnings call 2022-11-03 | transcript 1258713d-b4aa-49ae-bbd2-0706028b7ef3 | chars 20949-21227 | segment 21

This performance was driven by new openings, increased holiday air travel domestically, and relaxation of COVID-related restrictions in select international markets.

Feb 17, 2022 / CFO / receipt, needs a key / Katie Fogarty, CFO | earnings call 2022-02-17 | transcript 6460515d-207c-44ba-869d-324afa50a79d | chars 19969-20134 | segment 20

While our licensed business could continue to benefit from lessening domestic and international travel restrictions, we do remain subject to global headwinds and uncertainty due to COVID.

Nov 4, 2021 / CFO / receipt, needs a key / Katie Fogarty, CFO | earnings call 2021-11-04 | transcript 2a3065c7-e283-4a27-8c29-f5ec77b8c11b | chars 21095-21282 | segment 21