The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst
: So guys, let me start with what work have you done with regard to wallet share by different cohort, maybe looking at enthusiast, casual customer?
I'm curious, even with some of your better customers, how big do you think the opportunity is with their wallet? Is that still pretty significant?
Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst
: And then maybe secondly, right, I know AUV is up over 30% since '19. I'm curious what's happening to the 4-wall store model, right? Imagine right,
the new stores are opening up at higher levels than you might have imagined 2 or 3 years ago. Is that changing the economics significantly, right,
in a favorable direction? Well, what I was going to add, when you think about gating factors on growth, right, because if that's true, right, you've
got the capital. What is the gating factor, just people at this point that would limit whether you can do 20 or 25 a year?
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