Black Rock Espresso Bar, Inc. (BRCB) Presents at Morgan Stanley World Client & Retail Convention 2025 Transcript

Brian Harbour
Morgan Stanley, Analysis Division

Hello, everybody. I am Brian Harbour. I cowl eating places and meals distributors right here at Morgan Stanley. Actual shortly, for vital disclosures, please see morganstanley.com/researchdisclosures. You probably have any questions, please attain out to your Morgan Stanley gross sales consultant. Now we will discuss Black Rock Espresso. Mark Davis, the CEO; Rodd Sales space, CFO. Guys, thanks for coming. Welcome.

Mark Davis
CEO & Director

Thanks for having us.

Brian Harbour
Morgan Stanley, Analysis Division

Effectively, Mark, you truly have been right here final 12 months, however I used to be going to say, clearly, you are new to the general public markets this 12 months, so somewhat bit completely different scene right here. Possibly simply may you shortly intro yourselves and sort of your backgrounds, what introduced you to Black Rock.

Mark Davis
CEO & Director

Positive. First, thanks for having us. My title is Mark Davis. I’ve been the CEO of Black Rock for arising on 3 years. And background, I began with Panera when there have been about 200 shops and left when there have been about 2,000. And I labored throughout the growth, the franchise and the operations and discovered a variety of the method, some extremely good folks again then that labored for Panera and discovered quite a bit from them. And in order that’s going to be a variety of my background.

Rodd Sales space
Chief Monetary Officer

After which Rodd Sales space, I have been with Black Rock for arising on 5 years now. Black Rock was truly a shopper of mine earlier than I joined. I used to be serving to Jeff and