CarParts.com, Inc. (PRTS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. At this time, all participants will be in a 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 second quarter of 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. Our remarks on this call could contain certain forward-looking statements related to our company and our strategic initiatives under the federal securities laws. Actual results may differ materially from those contained in or implied by these forward-looking statements due to various risks and uncertainties. For discussion of the material risks and other important factors that could affect results, please refer to the carparks.com annual report on Form 10-K and quarterly reports on Form 10-Q, each as filed with the SEC, all 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 press release that we 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. Earlier this year, we announced a process to explore strategic alternatives to maximize shareholder value. To provide an update, we remain fully engaged in our process and are highly confident that this process is nearing completion. We're currently evaluating several different transaction structures including a potential sale of the company and strategic investments that we believe have the potential to strengthen o...