CURO Group Holdings Corp. (NYSE:CURO) Q2 2020 Earnings Conference Call - Final Transcript

Aug 04, 2020 • 08:15 am ET


CURO Group Holdings Corp. (NYSE:CURO) Q2 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning, and welcome to the CURO Group Holdings Second Quarter 2020 Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Mark Keating, Investor Relations for CURO. Please go ahead.

Matthew Keating

Thank you, and good morning, everyone. After the market closed yesterday, CURO released results for the second quarter of 2020, which are available on the Investors section of our website at

With me on today's call are CURO's President and Chief Executive Officer, Don Gayhardt; Chief Operating Officer, Bill Baker; Chief Financial Officer, Roger Dean; and Chief Accounting Officer, Dave Strano. This call is being webcast and will be archived on the Investors section of our website.

Before I turn the call over to Don, I'd like to note that today's discussion will contain forward-looking statements based on the business environment as we currently see it. As such, it does include certain risks and uncertainties. Please refer to our press release issued last night and our Forms 10-K and 10-Q for more information on the specific risk factors that could cause our actual results to differ materially from the projections described in today's discussion.

Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. In addition to U.S. GAAP reporting, we report certain financial measures that do not conform to Generally Accepted Accounting Principles. We believe these non-GAAP measures enhance the understanding of our performance. Reconciliations between these GAAP and non-GAAP measures are included in the tables found in yesterday's press release.

With that, I would like to turn the call over to Don.

Donald F. Gayhardt

Great. Thanks, Matt. Good morning, and thank you for joining our call today. I hope that you remain healthy and safe and are managing as well as possible. Before we begin our second quarter update, one administrative note. Given the rapid changes in our business resulting from recent events, we wanted to provide you with some slides focused on key weekly and monthly metrics that really tell our story for the second quarter. We'll be referencing this presentation in our remarks, and you can find it on the Events and Presentations section of our IR website.

As we speak today on August 4, we continue to face very uncertain public health and economic outlooks, and we'll try our best to explain how the confluence of these developments is having an impact on our business. On the health and economic front, when we last spoke in early May, there were some signs of the worst phase or at least what we had hoped was the worst phase of the health crisis in certain parts of the country had passed. However, virus has surged in many parts of the US, suggest that