Driven Brands Holdings, Inc. (NASDAQ:DRVN) Q2 2022 Earnings Conference Call July 27, 2022 9:00 AM ET
Company Participants
Jonathan Fitzpatrick - President, CEO & Director
Tiffany Mason - CFO & EVP
Conference Call Participants
Christopher O'Cull - Stifel, Nicolaus & Company
Simeon Gutman - Morgan Stanley
Elizabeth Suzuki - Bank of America Merrill Lynch
Sharon Zackfia - William Blair & Company
Peter Keith - Piper Sandler & Co.
Christopher Horvers - JPMorgan Chase & Co.
Peter Benedict - Robert W. Baird & Co.
Operator
Good morning, and welcome to Driven Brands Second Quarter 2022 Earnings Conference Call. My name is Chris, and I'll be your operator today. As a reminder, this call is being recorded.
Joining the call this morning are Jonathan Fitzpatrick, President and Chief Executive Officer; Tiffany Mason, Executive Vice President and Chief Financial Officer; and Kristy Moser, Vice President of Investor Relations.
During today's call, management will refer to certain non-GAAP financial measures. You can find the reconciliations 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 that reflect expectations for the future.
These statements are based on current information, and actual results may differ materially from these expectations. Factors that may cause actual results to differ materially from expectations are detailed in the company's SEC filings, including the Form 8-K filed today containing the company's earnings release.
Information about any non-GAAP financial measures referenced, including a reconciliation of those measures to GAAP measures, can also be found in the company's SEC filings and the earnings release available on the Investor Relations website. [Operator Instructions].
I'll now turn the call over to Jonathan. Please go ahead, sir.
Jonathan Fitzpatrick
Thank you, and good morning. We had another great quarter across the board, our sixth as a public company, and are excited to share the results over the course of today's call.
Driven is the largest automotive services company in North America. Our diversified portfolio of needs-based services provides many levers to grow revenue and profit through same-store sales, new units and M&A. Our total addressable market is massive, $350 billion and growing. And we have less than a 5% but growing share in that highly fragmented market.
We will continue to grow and generate cash because of our core competitive advantages, our multiple levers to open new units. We can franchise, build or buy. Our supply chain capabilities that keep us in stock and allow us to take share and price when others cannot. Our scale, which is growing, is a sustainable and increasingly significant competitive advantage in our highly fragmented industry.