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Del Taco Restaurants, Inc. (TACO) CEO John Cappasola on Q1 2021 Results - Earnings Call Transcript

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Del Taco Restaurants, Inc. (NASDAQ:TACO) Q1 2021 Earnings Conference Call April 29, 2021 4:30 PM ET

Company Participants

Raphael Gross - MD, IR

John Cappasola - CEO, President & Director

Steven Brake - EVP & CFO

Conference Call Participants

Alex Slagle - Jefferies

Nerses Setyan - Wedbush Securities

Joshua Long - Piper Sandler & Co.

Todd Brooks - CL King & Associates


Thank you for standing by, and welcome to the fiscal first quarter 2021 conference call and webcast for Del Taco Restaurants, Inc. I would now like to turn the call over to Mr. Raphael Gross, Managing Director at ICR to begin.

Raphael Gross

Thank you, operator, and thank you all for joining us today. On the call with me is John Cappasola, President and Chief Executive Officer; and Steve Brake, Chief Financial Officer. After we deliver our prepared remarks, we will open the lines for your questions.

But first, let me remind everyone that part of our discussion today will include forward-looking statements. These statements are not guarantees of future performance and therefore, undue reliance should not be placed upon them. We do not undertake to update these forward-looking statements at a later date and refer you to today's earnings press release and our SEC filings for a more detailed discussion of the risks that could impact Del Taco's future operating results and financial condition.

Today's earnings press release also includes non-GAAP financial measures such as adjusted net income, adjusted EBITDA and restaurant contribution, along with reconciliations of these non-GAAP measures to the nearest GAAP measures. However, non-GAAP financial measures should not be considered as alternatives to GAAP measures such as net income or loss, operating income or loss, net cash flows provided by operating activities or any other GAAP measure of liquidity or financial performance.


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