Driven Brands (DRVN) FY 2025 Conference September 04, 2025 01:50 PM ET Company ParticipantsMark Jordan - VP - Equity ResearchMike Diamond - EVP & CFODaniel Rivera - Director, President & CEOMark JordanAll right. Good afternoon, everyone. Thank you for joining us at the Goldman Sachs 32nd Annual Global Retailing Conference. My name is Mark Jordan. I'm an analyst here at Goldman Sachs. It's my pleasure to introduce Driven Brands and to moderate our fireside chat. We have with us today Daniel Rivera, President ...

Macy’s (M) FY 2025 Conference September 04, 2025 01:50 PM ET Company ParticipantsBrooke Roach - VP - Equity ResearchTony Spring - Chairman & CEOTom Edwards - COO & CFOBrooke RoachGood afternoon and welcome to this next session of the Goldman Sachs 32nd Annual Global Retailing Conference. My name is Brooke Roach, and I cover the apparel, soft lines, and branded consumer goods here at GS. I'm thrilled to introduce our next session with Macy's. Here today representing Macy's is Tony Spring, Chairman and CEO, a ...

Petco Health and Wellness Company (WOOF) FY 2025 Conference September 04, 2025 01:50 PM ET Speaker0Hi, hi everybody. Thank you for attending one of our last fireside chats of the conference. It's our pleasure to introduce you to Petco Health and Wellness Company Inc. Today we have with us Joel Anderson, Chief Executive Officer, and we also have with us Sabrina Simmons, Chief Financial Officer. Thank you both for joining us today. We're excited to have you. You do have a lot going on.Speaker2Yes, we do.Speak ...

Financial Data and Key Metrics Changes - Driven Brands reported approximately $6.5 billion in system-wide sales and $2 billion in revenue, primarily from non-discretionary services [4][5] - The company aims for mid-30% EBITDA margins, with some quarter-over-quarter variations noted [42][43] Business Line Data and Key Metrics Changes - Take 5 Oil Change has grown from 40 units in 2016 to 1,300 locations today, with system-wide sales projected to reach $1.4 billion [9] - Same-store sales growth for Take 5 has been consistent in the mid to high single-digit range, driven by store maturation, advertising, and premiumization of services [12][14] - Non-oil change revenue currently accounts for about 20% of total revenue, with an attach rate in the upper 40% [15][16] Market Data and Key Metrics Changes - The collision repair industry is facing a 10% year-over-year decline in estimate counts, attributed to claim avoidance and high total loss rates [49] - The average age of vehicles in the U.S. is at an all-time high, benefiting vehicle maintenance services like Meineke [55] Company Strategy and Development Direction - Driven Brands focuses on growth through new unit openings, targeting 150+ locations annually, with a preference for a 2:1 ratio of franchise to company-operated stores [25][36] - The company is committed to maintaining its promise of a 10-minute oil change experience while exploring new service offerings that align with operational and financial fit [26][27] Management's Comments on Operating Environment and Future Outlook - Management reiterated a positive outlook for the second half of the year despite some headwinds, particularly in discretionary spending [70] - The company believes it can thrive in the automotive service market through the 2020s and 2030s, even with the rise of electric vehicles [31] Other Important Information - Driven Brands operates a diversified platform, with only a portion of its business exposed to electric vehicles, while the rest remains EV-agnostic [29] - The company has a strong cash flow generation from its franchise segment, which supports growth initiatives in higher-margin businesses like Take 5 [44][58] Q&A Session Summary Question: What is the outlook for the core consumer in the second half of the year? - Management reiterated their outlook for the second half, noting some headwinds but feeling comfortable with their projections [70] Question: How do you see pricing elasticity affecting your business? - The company noted that it operates in a non-discretionary market, allowing for price adjustments without significant elasticity response [73][74] Question: What are the expectations for market consolidation in the industry? - Management expects the trend of consolidation among a few players to continue, without significant acceleration [75]

Driven Brands (DRVN) FY 2025 Conference September 04, 2025 01:50 PM ET Speaker1All right. Good afternoon, everyone. Thank you for joining us at the Goldman Sachs 32nd Annual Global Retailing Conference. My name is Mark Jordan. I'm an analyst here at Goldman Sachs. It's my pleasure to introduce Driven Brands and to moderate our fireside chat. We have with us today Daniel Rivera, President and CEO, and Mike Diamond, Executive Vice President and Chief Financial Officer. Daniel, Mike, it's a pleasure to have yo ...

Macy’s (M) FY 2025 Conference September 04, 2025 01:50 PM ET Speaker2Good afternoon and welcome to this next session of the Goldman Sachs 32nd Annual Global Retailing Conference. My name is Brooke Roach, and I cover the apparel, soft lines, and branded consumer goods here at GS. I'm thrilled to introduce our next session with Macy's. Here today representing Macy's is Tony Spring, Chairman and CEO, and Tom Edwards, COO and CFO. Welcome, Tony, and welcome, Tom.Speaker1Thank you, Brooke. Great to be with you.S ...

Soleno Therapeutics (SLNO) FY 2025 Conference September 04, 2025 01:30 PM ET Company ParticipantsAnish Bhatnagar - CEO & ChairmanJim Mackaness - CFOConference Call ParticipantsDerek Archila - MD, Co-Head - Therapeutics Research & Senior Biotechnology AnalystDerek ArchilaAll right, everyone, I think we'll get started here with our next fireside discussion. My name is Derek Archila. I'm the Senior Biotech Analyst here at Wells Fargo. Looking forward to our next discussion here with Soleno Therapeutics from th ...

Freshpet (FRPT) FY 2025 Conference September 04, 2025 01:30 PM ET Company ParticipantsAndrew Lazar - Managing DirectorBilly Cyr - CEO & DirectorTodd Cunfer - CFOAndrew LazarPerfect. Okay, everybody. Thanks for hanging in there on day three. We're excited to welcome back Freshpet with us today. Again, with us are CEO Billy Cyr and Chief Financial Officer Todd Cunfer. Thanks so much for joining.Billy CyrGlad to be here.Andrew LazarMaybe we start off with, as we've heard over the past couple of days, right? If ...

Halozyme Therapeutics (HALO) FY 2025 Conference September 04, 2025 01:30 PM ET Company ParticipantsHelen Torley - President, CEO & DirectorMohit Bansal - MD & Co-Head of Therapeutics ResearchMohit BansalAwesome. Thank you very much for joining us today. This is not quite the post-lunch. There's one after the post-lunch session. My name is Mohit Bansal. I'm one of the biopharma analysts here at Wells Fargo, and I'm joined by Dr. Helen Torley. Helen has been coming here longer than I have been here. Thank you ...

Masimo (MASI) FY 2025 Conference September 04, 2025 01:30 PM ET Company ParticipantsMicah Young - EVP & CFOKatie Szyman - CEO & DirectorConference Call ParticipantsVik Chopra - Equity Research AnalystVik ChopraGood afternoon, everyone. My name is Vivek Chopra. I am on the Medical Device Equity Research team here at Wells Fargo. I'm happy to announce management from Masimo for this session. Joining us for the company are Katie Szyman, CEO, and Micah Young, VP and CFO. Thank you both for being here.Micah Youn ...