In the second phase, Toward the end of 2021 and into 2022, this effect began to unwind as stimulus was discontinued and consumers began to travel, dine out, and spend once again.

Aug 8, 2022 / CEO / receipt, needs a key / Dave Girard, CEO | earnings call 2022-08-08 | transcript 054551a5-34d3-4702-a18a-5b2210129848 | chars 4222-4400 | segment 4