Driven Brands Holdings, Inc. (NASDAQ:DRVN) Q1 2022 Earnings Conference Call April 27, 2022 9:00 AM ET

Company Participants

Jonathan Fitzpatrick - CEO, President

Tiffany Mason - CFO, EVP

Rachel Webb - VP, IR

Conference Call Participants

Simeon Gutman - Morgan Stanley

Christopher Horvers - JPMorgan

Peter Benedict - Baird

Liz Suzuki - Bank of America

Kate McShane, - Goldman Sachs

Chris O’Cull - Stiefel

Karen Short - Barclays

Peter Keith - Piper Sandler

Operator

Good morning and welcome to Driven Brand's First Quarter 2022 Earnings Conference Call. My name is Chris, and I will be your conference 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 Rachel Webb, 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 look 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. Today's prepared remarks will be followed by a question-and-answer session. We ask that you limit yourself to one question and one follow-up. [Operator Instructions] I will 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 fifth 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. Over $300 billion and growing, and yet we have less than 5% share in this highly fragmented industry.