Slide 1: Second Quarter Fiscal 2025 Earnings Call
SECOND QUARTER FISCAL 2025 EARNINGS CALL OCTOBER 30, 2024
Slide 2: Safe Harbor Statement and Non-GAAP Measures
Safe Harbor Statement and Non-GAAP Measures Certain statements in this presentation, other than statements of historical fact, including estimates, projections, statements related to our business plans and operating results are forward-looking statements within the meaning of the Private Securities
Slide 3: Second Quarter Accomplishments & Third Quarter Objectives
Second Quarter Accomplishments & Third Quarter Objectives Further Confidence in Our Initiatives Second Quarter Accomplishments: Third Quarter Objectives: ▪ Drove sequential improvement in year-over-year comp store ▪ Encouragingly, sales momentum from the second quarter has sales percentage change fr
Slide 4: ConfiDrive Digital Courtesy Inspection Process & Oil Change Offer
ConfiDrive Digital Courtesy Inspection Process & Oil Change Offer Allowed Us to Drive Sequential Improvement in Service Category Sales from the First Quarter ConfiDrive Digital Courtesy Inspection Process: Oil Change Offer: ▪ Investment made in stores to convert 32-point courtesy inspection from pap
Slide 5: Second Quarter Fiscal 2025 Highlights
Second Quarter Fiscal 2025 Highlights Comp Store Sales Trends Improved Sequentially from the First Quarter & Accelerated as the Second Quarter Progressed Quarterly Comparable Store Sales Trends Monthly Comparable Store Sales Trends 0% 10% FY24 -2.3% 5% -5% 0.5% FY25 0% -6.1% -5.8% -7.2% -1.1% -5% -2
Slide 6: Second Quarter Fiscal 2025 Results
Second Quarter Fiscal 2025 Results Laser Focused on Maximizing Profitability through Prudent Cost Control Q2FY25 Q2FY24 Δ Sales (millions) $301.4 $322.1 (6.4%) Same Store Sales -5.8% -2.3% (350) bps Gross Margin 35.3% 35.7% (40) bps Operating Margin 4.4% 6.9% (250) bps Adjusted Diluted EPS1 $.17 $.4
Slide 7: Strong Financial Position
Strong Financial Position Operating Cash Flow Supports Growth Strategy and Capital Return to Shareholders Disciplined Capital Allocation Strong Balance Sheet and Liquidity First Half Fiscal 2025 ▪ Received ~$9M of divestiture proceeds ▪ Generated operating cash flow of ~$88M, including ~$38M of work
Slide 8: Fiscal 2025 Expectations
Fiscal 2025 Expectations Fiscal 2025 Expectations ▪ Fiscal 2025 is a 52-week year while fiscal 2024 was a 53- ▪ Encouragingly, sales momentum from the second week year that benefitted from an extra week of sales quarter has continued into fiscal October with our preliminary comp store sales down onl
Slide 9: Appendix
Appendix 9
Slide 10: Reconciliation of Adjusted Diluted EPS (Unaudited)
Reconciliation of Adjusted Diluted EPS (Unaudited) Quarter Ended Fiscal September 2024 2023 Diluted EPS $.18 $.40 Store impairment charges .02 - Transition costs related to back-office optimization .01 .00 Store closing costs .01 (.00) Costs related to shareholder matters - .01 Net gain on sale of C