Driven Brands Holdings Inc.

of Finance and Investor Relations.

Please go ahead. Good morning and welcome to Driven Brands' first quarter 2025 earnings conference call. The earnings release and the net leverage ratio reconciliation are available for download on our website at investors.drivenbrands.com. On the call with me today are Jonathan Fitzpatrick, President and Chief Executive Officer, Danny Rivera, Executive Vice President and Chief Operating Officer, and Mike Diamond, Executive Vice President and Chief Financial Officer. In a moment, Jonathan, Danny, and Mike will walk you through our financial and operating performance for the quarter. Before we begin our results, I'd like to remind you that 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 filing for the Securities and Exchange Commission. During the course of this call, we may make forward-looking statements in regards to our current plans, beliefs, and expectations. These statements are not guarantees of future performance and are subject to a number of risks and uncertainties and other factors that could cause actual results and events to differ materially from results and events contemplated by these forward-looking statements. Please see our earnings release and our filings at the Securities and Exchange Commission for more information. Today's prepared remarks will be followed by a question and answer session. We ask you to limit yourself to one question and one follow-up. Now, I will turn it over to Jonathan.

Good morning. Thank you for joining us today to discuss Driven Brands' first quarter 2025 financial results. I want to acknowledge the hard work and great execution by the more than 7,500 Driven Brands team members and our amazing franchisees for how they continue to deliver in a dynamic macroeconomic environment. Having accomplished the sale of our U.S. car wash business, our focus for 2025 is on our key priorities of delivering our 2025 outlook and utilizing excess free cash flow to reduce debt. I will begin with a review of our Q1 2025 highlights and then turn it over to Danny, who will be taking over as CEO this week. and he will discuss the business in greater detail, and then Mike, who will detail our first quarter financial results. For Q1 2025, driven delivered revenue of $516 million, up 7.1% versus the prior year, supported by 177 net new stores over the past 12 months, and 0.7% same-store sales growth, our 17th consecutive quarter of positive same-store sales growth, We generated diluted adjusted EPS from continuing operations of 27 cents and adjusted EBITDA of 125 million. We closed our U.S. car wash transaction on April 10th and used the majority of cash proceeds to retire debt. As of today, we have paid down nearly $290 million since the beginning of this year. And since the beginning of 2024, This brings total debt repaid to more than half a billion dollars. I'll now turn it over to Danny.