Slide 1: Third Quarter Fiscal 2025 Earnings Call
THIRD QUARTER FISCAL 2025 EARNINGS CALL JANUARY 29, 2025
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: Third Quarter Accomplishments & Fourth Quarter Objectives
Third Quarter Accomplishments & Fourth Quarter Objectives Initiatives Driving Improvement in Topline Trends Third Quarter Accomplishments: Fourth Quarter Objectives: ▪ Drove a sequential improvement in our year-over-year comp ▪ Preliminary fiscal January comp store sales down 1%2, store sales percen
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 Year-over-Year Service Category Comp Store Sales Percentage Change from the Second Quarter ConfiDrive Digital Courtesy Inspection Process: Oil Change Offer: ▪ Investment made in stores to
Slide 5: Third Quarter Fiscal 2025 Highlights
Third Quarter Fiscal 2025 Highlights Comp Store Sales Trends Improved Sequentially from the Second Quarter & Business Returned to Year-over-Year Comp Sales Growth in December2 Quarterly Comparable Store Sales Trends Monthly Comparable Store Sales Trends 0% 10% -0.8% FY24 5% -5% 1.1%2 FY25 0% -6.1% -
Slide 6: Third Quarter Fiscal 2025 Results
Third Quarter Fiscal 2025 Results Commitment to Sales and Unit Growth, Improving Customer Counts & Making Necessary Investments Q3FY25 Q3FY24 Δ Sales (millions) $305.8 $317.7 (3.7%) Same Store Sales1 -0.8% -6.1% 530 bps Gross Margin 34.3% 35.5% (120) bps Operating Margin 3.3% 6.7% (340) bps Adjusted
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 YTD Fiscal 2025 ▪ Received ~$9M of divestiture proceeds ▪ Generated operating cash flow of ~$103M, including ~$27M of working ca
Slide 8: Fiscal 2025 Expectations
Fiscal 2025 Expectations Fiscal 2025 Expectations ▪ Fiscal 2025 is a 52-week year while fiscal 2024 was a 53- ▪ Preliminary fiscal January comp store sales down week year that benefitted from an extra week of sales 1%1, driven by weakness in tire category sales that were impacted by extreme weather,
Slide 9: Appendix
Appendix 9
Slide 10: Reconciliation of Adjusted Diluted EPS (Unaudited)
Reconciliation of Adjusted Diluted EPS (Unaudited) Quarter Ended Fiscal December 2024 2023 Diluted EPS $.15 $.38 Net loss on sale of wholesale tire and distribution assets - .01 Transition costs related to back-office optimization .01 .00 Store closing costs .01 (.00) Litigation reserve .01 - Costs