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Q3 2024 Driven Brands Holdings Inc Earnings Call

In This Article:

Participants

Joel Arnao; Senior Vice President, FP&A, Investor Relations, and Treasury; Driven Brands Holdings Inc

Jonathan Fitzpatrick; President, Chief Executive Officer, Director; Driven Brands Holdings Inc

Daniel Rivera; Chief Operating Officer, Executive Vice President; Driven Brands Holdings Inc

Michael Diamond; Chief Financial Officer, Executive Vice President; Driven Brands Holdings Inc

Peter Benedict; Analyst; Robert W. Baird & Co., Inc.

Seth Sigman; Analyst; Barclays

Madison Callinan; Analyst; Canaccord Genuity

Christian Carlino; Analyst; JPMorgan

Peter Keith; Analyst; Piper Sandler Companies

Sabrina Baxamusa; Analyst; William Blair & Company

Kate McShane; Analyst; Goldman Sachs

Christopher O'Cull; Analyst; Stifel Nicolaus and Company, Incorporated

John Lawrence; Analyst; The Benchmark Company LLC

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Driven Brands, Inc. Q3 2024 earnings conference call. (Operator Instructions) This is being recorded on Thursday, October 31, 2024. I would now like to turn the conference over to Joel Arnao, SVP of Finance, Treasury and Investor Relations. Please go ahead.

Joel Arnao

Good morning, and welcome to Driven Brands third quarter 2024 earnings conference call. The earnings release and the leverage ratio reconciliation are available for download at our website at investor.drivenbrands.com.
On the call today with me are Jonathan Fitzpatrick, President and Chief Executive Officer; Danny Rivera, Executive Vice President and Chief Operating Officer; and Mike Diamond, Executive Vice President and Chief Financial Officer. In a moment, Jonathan, Danny and Mike will walk you through our financial and operating performance for the quarter. Before we begin our remarks, I'd like to remind you that management will refer to certain non-GAAP financial measures.
You can find these reconciliations to the most directly comparable GAAP financial measures on the company's Investor Relations website and in our filings with the Securities and Exchange Commission. During the course of this call, we may also make forward-looking statements in regards to our current plans, beliefs and expectations. These statements are not guarantees for future performance and are subject to a number of risks and uncertainties and other factors that could cause actual results and events to differ materially from the results and events contemplated by these forward-looking statements. Please see our earnings release and our filings with the Securities and Exchange Commission for more information. Today's prepared remarks will be followed by a question-and-answer session.
We ask you to limit yourself to one question and one follow-up. Now I'll turn it over to my partner, Jonathan.