Driven Brands Holdings Inc. (NASDAQ:DRVN) Q3 2022 Earnings Conference Call October 26, 2022 9:00 AM ET

Company Participants

Kristy Moser – Vice President-Investor Relations

Jonathan Fitzpatrick – President and Chief Executive Officer

Tiffany Mason – Executive Vice President and Chief Financial Officer

Conference Call Participants

Simeon Gutman – Morgan Stanley

Liz Suzuki – Bank of America

Sharon Zackfia – William Blair

Chris O’Cull – Stifel

Peter Keith – Piper Sandler

Kate McShane – Goldman Sachs

Justin Kleber – Baird

Christopher Horvers – JPMorgan

Operator

Good morning. My name is Chris, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Driven Brands' Q3 2022 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Kristy Moser, Vice President of Investor Relations, you may begin.

Kristy Moser

Thanks very much and welcome everybody to Driven Brands third quarter earnings conference call. In addition to the earnings release, there is a leverage ratio reconciliation in infographic available for download on our website at investors.drivenbrands.com, summarizing our third quarter results. On the call with me today are Jonathan Fitzpatrick, President and Chief Executive Officer; and Tiffany Mason, Executive Vice President and Chief Financial Officer. In a moment, Jonathan and Tiffany will walk you through our financial and operating performance for the quarter. Before we begin our remarks, I'd like to remind you that on this call, management will refer to certain non-GAAP financial measures. You can find the reconciliation to the most directly comparable GAAP financial measures on the company's Investor Relations website and in its filings with the Securities and Exchange Commission.

Please be advised that during the course of this call, management may also make forward-looking statements in regards to our current plans, beliefs and expectations. These statements are not guarantees of 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. These risks and uncertainties include those set forth in our earnings release and our filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and except as required by law, we undertake no obligation to update or revise any of them, whether as a result of new information, future events or otherwise. Today's prepared remarks will be followed by a question-and-answer session. We kindly ask that you limit yourself to one question and one follow-up.