Membership Collective Group Inc. (NYSE:MCG) Q4 2022 Earnings Call Transcript

Andrew Carnie: So Ali, going through the three questions, just on wages we haven’t historically given a percentage there, and so we did in the prepared remarks give the improvement we’ve seen from August to December of about 1000 basis points. But we’re, I don’t think we’re prepared to give absolute numbers there. On the mix of our members, so I think historically we’ve said, our regular members are about 80% under 27, about 27, 20%, and our every house members around 80% and local house members are about 20%. That’s been pretty consistent and so no major things to coal out there. In terms of the wait list, what we did see was, we continue to see really strong growth. We saw growth across all regions really and so, when we look at it, it was really across all regions.

The quality continues to be there. So we continue to see really strong, really high quality members. And just remember when we think about the wait list, the more houses we enter and the more countries we enter opens up new markets for us. So that’s continuing to help on the applications and driving that higher wait list.

Ali Naqvi: Thank you.

Andrew Carnie: So, no more questions. So thank you everyone for listening and we look forward to continuing to talk to you through the quarter.

Thomas Allen: Thank you.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.