Domino's Pizza, Inc.

Good day, and thank you for standing by. Welcome to Domino's Pizza Q2 2022 earnings conference call. At this time, all participants are on a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, to Ryan Gores, VP of Finance and Investor Relations. Please go ahead. Thank you, Dylan.

And thank you for joining us today for our conversation regarding the results of the second quarter of 2022. Today's call will feature commentary from Chief Executive Officer Russell Weiner and Chief Financial Officer Sandy Freddie. As this call is primarily for our investor audience, I ask all members of the media and others to be in a listen-only mode. I want to remind everyone that the forward-looking statements in this morning's earnings release and 10-Q also applied to our comments on the call today. Both of those documents are available on our website. Actual results or trends could differ materially from our forecast. For more information, please refer to the risk factors discussed in our filings with the SEC. In addition, please refer to the 8 earnings release to find disclosures and reconciliations of non-GAAP financial measures that may be referenced on today's call. Our request to our coverage analyst, we want to do our best this morning to accommodate as many of your questions as time permits. As such, we encourage you to ask only one one-part question on this call. Today's conference call is being webcast and is also being recorded to replay via our website. With that, I'd like to turn the call over to our Chief Executive Officer, Russell Wiener.

Thank you, Ryan, and thanks to all of you for joining us this morning. As Rich Allison and I communicated back in April, we expected the second quarter to be challenging. We continue to navigate a difficult labor market in the U.S., especially for delivery drivers, in addition to inflationary pressures combined with COVID and stimulus fuel sales costs from the prior two years. Our results for the quarter were consistent with the challenges we outlined at that time. However, the strength of our franchisees and team members, along with the strategies we're putting into place, make me feel confident that we're on the path to overcome these short-term obstacles to make the Domino's brand and business stronger than ever. Back in May, my team and I gathered with more than 8,000 of our franchisees and team members from around the globe at our 2022 worldwide rally. Due to COVID, we had to cancel our last rally. So it was our first time back together as one global team in four years. We use this time to share best practices, align on goals, and commit to continued growth that will drive meaningful value creation for all of our stakeholders. The energy, the commitment, passion for the brand, and confidence displayed at this year's rally was truly inspiring and reinforces my belief that our best days lie ahead. I can assure you that nobody at Domino's is happy with our recent performance. However, I have tremendous confidence in the team that we have assembled to leverage some of our current successes, address our current pressures, and proactively work to mitigate the negative impact of those external factors that we can't control. As always, we will make disciplined decisions and we'll focus on doing what is right for our customers, our franchisees, and our brand. This approach has served our stakeholders well over many years, and I don't see any reason to diverge from this proven approach. We have high expectations for what we can achieve, and we will hold ourselves accountable for meeting and often exceeding those objectives. I plan to provide you with more specifics on the strategies and plans we have for the business after our CFO, Sandeep Reddy, walks through the results of the quarter. Sandeep.