Carrols Restaurant Group, Inc. (NASDAQ:TAST) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET

Company Participants

Gretta Miles - Controller

Deborah Derby - President and CEO

Tony Hull - Treasurer and CFO

Conference Call Participants

Jeremy Hamblin - Craig-Hallum

Joshua Long - Stephens Inc.

Jake Bartlett - Truist Securities

Operator

Ladies and gentlemen, welcome to the Carrols Restaurant Group, Inc.’s Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. following the presentation, we will conduct a question-and-answer session. Instructions on how to ask a question will be given at that time. I would like to remind everyone that this conference call is being recorded today, Thursday, August 10, 2023 at 8:30 a.m. Eastern Time and will be available for replay.

I will now turn the conference over to Gretta Miles, Carrols’ Controller. Please go ahead.

Gretta Miles

Thank you, Operator, and good morning, everyone. By now you should have access to our earnings announcement released earlier today and our earnings presentation that are both available on our website at www.carrols.com under the Investor Relations section.

Before we begin our remarks, I would like to remind everyone that our discussion, including answers to questions posed to management, may include forward-looking statements or comments with respect to our strategies, intentions or plans and the future direction of revenues, input costs or other aspects pertaining to our business.

These statements are not guarantees of future performance, and therefore, undue reliance should not be placed on them. We also refer you to our filings with the SEC for more details, both with respect to forward-looking statements, as well as risks that could impact our business and results.

During today’s call, we will discuss certain non-GAAP measures that we believe can be useful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with Generally Accepted Accounting Principles and a reconciliation to comparable GAAP measures is available with our earnings release.

With that, I will now turn the call over to our President and CEO, Deborah Derby.

Deborah Derby

Thank you, Gretta, and good morning, everyone. I’m delighted to be speaking with you following my first full quarter as Carrols President and CEO and what a great quarter it has been, as you will soon hear.

My focus over the past few months has been threefold; first, spending time in our restaurants. This included store visits in various regions with our Chief Restaurant Officer, Joe Hoffman and his skilled leadership team, as well as with Carrols retired CEO, Dan Accordino, so that I could benefit from their extensive QSR experience and accelerate my own learning curve.