Carrols Restaurant Group, Inc. (NASDAQ:TAST) Q2 2022 Earnings Conference Call August 11, 2022 8:30 AM ET

Company Participants

Gretta Miles - Controller

Paulo Pena - CEO, President & Director

Anthony Hull - VP, CFO & Treasurer

Conference Call Participants

Jake Bartlett - Truist Securities

Mary Gresla - Bank of America

Frederick Wightman - Wolfe Research

Jeremy Hamblin - Craig-Hallum Capital Group

Operator

Welcome to Carrols Restaurant Group, Inc.'s Second Quarter 2022 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 11, 2022, 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. You may begin at this time.

Gretta Miles

Thank you, operator, and good morning, everyone. By now, you should have access to our earnings announcement released earlier this morning 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, including, among other things, the impact of COVID-19.

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, Paulo Pena. Paulo?

Paulo Pena

Thanks, Gretta. And good morning everyone. We appreciate your time and interest in Carrols. As I mentioned on our May poll, I've been focusing our leaders on a few early initiatives. 1, raising the bar on operational excellence and overall guest experience. 2, improving productivity and stemming turnover by motivating and engaging our restaurant team members. And 3, turning around our most challenged locations using a proven playbook that most of our restaurants already employ. We are already achieving considerable traction with each of these areas. I'm confident that you will see our efforts begin to pay off in our financial results over the next several quarters.