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Carrols Restaurant Group, Inc. (TAST) Q1 2023 Earnings Call Transcript

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Carrols Restaurant Group, Inc. (NASDAQ:TAST) Q1 2023 Earnings Conference Call May 11, 2023 8:30 AM ET

Company Participants

Jeremy Watchus - Senior Director of Finance

Deborah Derby - President & Chief Executive Officer

Tony Hull - Chief Financial Officer & Treasurer

Gretta Miles - Controller & Assistant Treasurer

Joe Hoffman - Chief Restaurant Officer

Conference Call Participants

Joshua Long - Stephens Inc.

Jeremy Hamblin - Craig-Hallum

Jake Bartlett - Truist Securities

Hale Holden - Barclays

Carla Casella - JPMorgan


Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Carrols Restaurant Group, Inc. First Quarter 2023 Earnings Conference Call. [Operator Instructions] I would like to remind everyone that this conference is being recorded today, Thursday, May 11, 2023 at 8:30 a.m. Eastern Time and will be available for replay.

I will now turn the conference over to Jeremy Watchus, Carol's Senior Director of Finance. Please go ahead.

Jeremy Watchus

Thank you, operator, and good morning, everyone. By now, you should have access to our earnings announcement released earlier today in 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 in 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. 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

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