CarParts.com, Inc. (PRTS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. At this time, all participants will be in listen-only mode. Please note, this call is being recorded. I would now like to pass the conference over to our host, Ryan Lockwood, Chief Financial Officer. Please go ahead. Hello, everyone, and thank you for joining us for the CarParts.com First Quarter 2025 Conference Call. Joining me today is David Mignon, Chief Executive Officer. Before I turn it over to David to start the call, I have some important disclosures. The prepared remarks contain certain forward-looking statements related to the business under the federal securities laws. Actual results may differ materially from those contained in or implied by these forward-looking statements due to risks and uncertainties associated with the business. For a discussion of the material risks and other important factors that could affect results, please refer to the CarpArts.com annual report on Form 10-K and the quarterly reports on Form 10-Q, each as filed with the SEC, both of which can be found on our Investor Relations website. On the call, both GAAP and non-GAAP financial measures will be discussed. A reconciliation of GAAP to non-GAAP financial measures is provided in the CarPress.com press release issued today. With that, I would now like to turn the call over to David. Thank you, Ryan, and thanks, everyone, for joining us today. At the outset, let me say that today we are not going to take questions related to our strategic alternatives process beyond what we announced on March 5th. That process is ongoing and being overseen by our board of directors with the assistance of financial and legal advisors. Now turning to tariffs. While the current headlines are broadly known, the final rates and applications have not been finalized yet. Our internal team,...