Now we're seeing the opposite as discretionary income is being spent on travel, restaurants, and other services.
Jul 11, 2023 / CEO / receipt, needs a key / Pat Lavelle, CEO | earnings call 2023-07-11 | transcript aba77960-a9ef-4904-b6a1-894f2506fb90 | chars 6191-6303 | segment 6
We reported fiscal 2023 Q4 operating expenses of $47.6 million, representing a $6.9 million increase. This includes approximately $8.7 million in non-cash impairment charges. Excluding these charges, our operating expenses declined for the comparable fourth quarter periods by 4.3%. Selling expenses declined by $1.9 million due to lower commissions and salaries and a decline in website and credit card expenses, which was partially offset by a modest increase in advertising and trade show expenses, among other factors.
May 16, 2023 / CEO / receipt, needs a key / Pat Lavelle, CEO | earnings call 2023-05-16 | transcript d8824953-3ef7-4df4-84f0-089ee62e82a8 | chars 45782-46304 | segment 46
Selling expenses declined by $1.9 million due to lower commissions and salaries and a decline in website and credit card expenses, which was partially offset by a modest increase in advertising and trade show expenses, among other factors.
May 16, 2023 / CEO / receipt, needs a key / Pat Lavelle, CEO | earnings call 2023-05-16 | transcript d8824953-3ef7-4df4-84f0-089ee62e82a8 | chars 15940-16179 | segment 16
The more affluent consumer is spending more time traveling, going on vacation.
May 16, 2023 / CEO / receipt, needs a key / Pat Lavelle, CEO | earnings call 2023-05-16 | transcript d8824953-3ef7-4df4-84f0-089ee62e82a8 | chars 27676-27754 | segment 28
As reported, we cut overhead drastically to see what the impact of the pandemic would be on our business. We furloughed employees, stopped certain investments, cut travel, and many third-party expenses until we were able to see the full impact of COVID.
Jul 13, 2021 / CEO / receipt, needs a key / Pat Lavelle, CEO | earnings call 2021-07-13 | transcript 5d1b42cc-5f77-4c49-917a-38708c99981e | chars 3402-3655 | segment 3