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8/8/2024
Good day, and thank you for standing by. Welcome to the Papa John's second quarter 2024 conference call and webcast. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your speaker today, Stacey Froehle, Vice President of Investor Relations. Please go ahead.
Good morning and welcome to our second quarter 2024 earnings conference call. This morning we issued our second quarter earnings release. A copy of the release can be obtained on our investor relations website at ir.papajohns.com under the news releases tab or by contacting our Investor Relations Department at investor underscore relations at papajohns.com. Joining me on the call this morning are Todd Penegore, our President and Chief Executive Officer, and Ravi Thanawala, our Chief Financial Officer. Before we begin, I need to remind you that comments made during this call will include forward-looking statements within the meaning of the federal securities laws. These statements may involve risks and uncertainties that could cause actual results to differ materially from these statements. Forward-looking statements should be considered in conjunction with the cautionary statements in our earnings release and the risk factors included in our SEC filings. In addition, please refer to our earnings release for the required reconciliation of non-GAAP financial measures discussed on today's call. Lastly, Let me thank you in advance for asking only one question and getting back in the queue for more follow-ups. And now let me turn the call over to Todd.
Thank you, Stacey, and good morning, everyone. I am honored to be with you today as I begin this journey as the CEO of Papa John's. This brand is synonymous with delivering the best pizza in the industry, and I am excited to learn from and work with our board, Ravi, team members, and our franchise community to build on this legacy. As we move forward together, our number one priority will be to create great experiences for our customers and employees in our restaurants, while also ensuring the restaurant economic model is very strong. My immersion into the culture is well underway. We have a passionate team, a system committed to ensuring we become the best Papa John's we can be. The team understands what we need to check and adjust to compete and win in the pizza business. You'll hear some of this from Robbie today. As I have begun to share with our organization, I believe in winning as a team and will be collaborative yet quick and decisive as we focus on growing this premium QSR brand. Together, we need to move quickly to build on our strengths and execute today as we evolve to be even better tomorrow. I've enjoyed talking with our stakeholders this past week and look forward to meeting you all in the coming months and updating you on our progress. Ravi, I'm going to turn the call over to you to discuss the current state of the business and our second quarter results. But before I do, I want to give you my sincerest thanks for the work you have done over the past five months to lead this organization through this transition period. We are deeply grateful for your leadership and dedication to Papa John's. Thank you. Ravi?
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