Driven Brands Holdings

Driven Brands Holdings, Inc. provides automotive services. It provides consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. The company was founded in 1972 and is headquartered in Charlotte, NC.

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Driven Brands achieves record 2022 performance, eyes strategic growth

Driven Brands delivered strong financial performance in 2022, with a focus on strategic growth initiatives and operational efficiency.
The company faces challenges in specific segments but remains optimistic about long-term prospects and profitability.
Opportunities lie in revenue growth, unit expansion, and profitability optimization through strategic initiatives and operational enhancements.
Overall, Driven Brands' performance, strengths, and opportunities position it well for continued growth and success in the future.

Driven Brands reports robust Q1 growth, eyes sustainable expansion

Driven Brands delivered strong Q1 results with a focus on sustainable growth and leveraging network benefits.
While facing challenges in certain segments, the company remains confident in its long-term growth prospects.
Opportunities lie in expanding key brands and improving commercial mix, supported by a strong pipeline.
Overall, Driven Brands is on track to meet its fiscal 2023 guidance, expecting solid revenue and earnings performance.

Driven Brands reports strong Q2 earnings, focuses on long-term growth

Driven Brands' Q2 2023 performance showcased revenue and EBITDA growth, despite challenges in the Car Wash and Glass segments. The company remains focused on long-term strategies and cost efficiencies to drive future growth.

Driven Brands achieves 12% revenue growth, focuses on margin improvement

Driven Brands reported solid revenue growth in Q3, with a focus on operational improvements and margin enhancement. Challenges include margin pressure in the Car Wash segment and underperformance in the U.S. Glass business. The company reaffirmed its full-year outlook for 2023, emphasizing disciplined growth and cash flow generation.

Driven Brands reports strong 13% revenue growth in 2023

Driven Brands delivered strong performance in Fiscal 2023, with notable achievements in revenue growth and EPS. The company faces challenges from weather impacts and franchise sales declines.
Despite headwinds, Driven Brands remains focused on reducing debt, improving margins, and pursuing growth opportunities in 2024. The company's strategic initiatives aim to enhance financial health and drive expansion.
Overall, Driven Brands' focus on financial discipline, active portfolio management, and customer-centric strategies position it for growth and resilience in the competitive market landscape.
Investors should monitor Driven Brands' progress in reducing debt, expanding internationally, and optimizing its business segments to capitalize on growth opportunities and enhance shareholder value.

Driven Brands reports resilient Q1 performance, eyes growth opportunities

Driven Brands showcased steady financial performance in Q1 2024, with a focus on needs-based businesses and debt reduction.
Strong performance in Take 5 Oil Change and Driven Advantage platform adoption highlight growth potential.
Challenges in the Car Wash segment were offset by positive international trends and a focus on value and membership.
Opportunities lie in continued debt reduction, sustained Car Wash profitability, and future revenue streams in Auto Glass Now.

Driven Brands Holdings reports solid Q2 performance amidst growth challenges

Driven Brands Holdings (DRVN) delivered a solid Q2 2024 performance, driven by revenue growth, operational efficiency, and strategic segment contributions.
While facing challenges in specific market segments and debt reduction targets, the company remains focused on financial health, liquidity improvement, and long-term growth opportunities.
Opportunities for growth exist through segment performance enhancements, membership business expansion, and strategic investments, underlining a balanced approach to driving future success.

Driven Brands reports solid Q3 performance amidst weather challenges

Driven Brands delivered a resilient performance in Q3 2024, showcasing growth in revenue, store count, and core segments despite weather challenges.
Strategic initiatives to reduce debt, divest non-core businesses, and focus on franchise operations position the company for long-term financial stability and growth.
While facing challenges from weather impacts, Driven Brands remains focused on achieving financial targets, leveraging opportunities for growth and operational efficiency.

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Driven Brands Holdings, Inc. engages in the provision of automotive services. It provides consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. It operates through the following segments: Maintenance, Car Wash, Paint, Collision and Glass, Platform Services, and Corporate and Other. The Maintenance segment consists of the Take 5 Oil and Meineke brands, and revenue is primarily derived from the performance of maintenance services, including oil changes and regularly scheduled and as-needed automotive maintenance services and vehicle component repair and replacement. The Car Wash segment operates under the IMO brand across Europe and Australia and the Take 5 Car Wash brand in the U.S., providing express-style conveyor car wash services to both retail and commercial customers. The Paint, Collision and Glass segment includes the ABRA, CARSTAR, Fix Auto, Maaco, AGN, and Uniban brands and services both retail and commercial customers such as commercial fleet operators and insurance carriers. The Platform Services segment represents the 1-800 Radiator and A/C, PH, Spire Supply, Driven Advantage, and ATI businesses. The Corporate and Other segment focuses on the costs related to the advertising revenues and expenses and shared service costs, which are related to finance, information technology, human resources, legal, supply chain, and other support services. The company was founded in 1972 and is headquartered in Charlotte, NC.

Driven Brands Holdings Inc. (DRVN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Driven Brands Holdings Inc. (DRVN) Expected to Beat Earnings Estimates: Should You Buy?

CHARLOTTE, N.C. , Oct. 18, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) will release its third quarter 2023 earnings before the market opens on Wednesday, November 1, 2023.

Driven Brands Holdings Inc. to Host Third Quarter Earnings Conference Call on November 1, 2023

NEW YORK, NY / ACCESSWIRE / October 5, 2023 / Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of Driven Brands Holdings Inc. ("Driven Brands") common stock (NASDAQ:DRVN). Driven Brands held its initial public offering in January 2021 and sold 36.59 million shares at $22.00 per share.

Wolf Popper LLP Announces Investigation on Behalf of Investors in Driven Brands Holdings Inc.

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LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 2, 2023, Driven Brands announced disappointing financial results for the second quarter of 2023 and lowered its full year 2023 guidance. The Company.

The Law Offices of Frank R. Cruz Continues Investigation of Driven Brands Holdings Inc. (DRVN) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Driven Brands investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, yo.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of Driven Brands Holdings Inc. (DRVN) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN) investors concerning the Company's possible violations of federal securities laws. On August 2, 2023, Driven Brands announced disappointing financial results for the second quarter of 2023 and lowered its full year 2023 guidance. The Company claimed that increased competition in the car wash business was to blame. A.

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Driven Brands Holdings Inc. (DRVN) on Behalf of Investors

LOS ANGELES, CA / ACCESSWIRE / September 4, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ:DRVN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Driven Brands Holdings Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Driven Brands investments or would like to inquire about potentially pursuing claims to recover your loss under the.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Driven Brands Holdings Inc. (DRVN) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN) investors concerning the Company's possible violations of federal securities laws. On August 2, 2023, Driven Brands announced disappointing financial results for the second quarter of 2023 and lowered its full year 2023 guidance. The Company claimed that increased competition in the car wash business was to blame. Ad.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Driven Brands Holdings Inc. (DRVN) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 2, 2023, Driven Brands announced disappointing financial results for the second quarter of 2023 and lowered its full year 2023 guidance. The Company.

The Law Offices of Frank R. Cruz Announces Investigation of Driven Brands Holdings Inc. (DRVN) on Behalf of Investors

LOS ANGELES, CA / ACCESSWIRE / August 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ:DRVN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Driven Brands Holdings Inc. and Encourages Investors with Losses to Contact the Firm

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NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Driven Brands Holdings Inc. (NASDAQ: DRVN) resulting from allegations that Driven Brands may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Driven Brands securities you may be entitled to compensation without payment of any out of pocket fees or costs through a continge.

ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Driven Brands Holdings Inc. Investors With Losses in Excess of $100K to Inquire About Securities Class Action Investigation – DRVN

CHARLOTTE, N.C. , Aug. 22, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") today announced that its Board of Directors has authorized the Company, at its discretion, to repurchase up to $50 million of its common shares outstanding through March 31, 2025.

Driven Brands Announces $50 Million Share Repurchase Authorization

LOS ANGELES, CA / ACCESSWIRE / August 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ:DRVN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Driven Brands Holdings Inc. and Encourages Investors with Losses to Contact the Firm

Driven Brands provides car maintenance services at scale, which should be a resilient spending category for years to come. The company's high debt load and competition could present risks to the business.

Could This Stock Double Your Money in Under 3 Years? Here's What Investors Need to Know

LOS ANGELES, CA / ACCESSWIRE / August 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ:DRVN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Driven Brands Holdings Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #Action--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Driven Brands Holdings, Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN) on behalf of Driven Brands stockholders. Our investigation concerns whether Driven Brands has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. In 2015, the consumer brands and franchi.

DRIVEN BRANDS ALERT: Bragar Eagel & Squire, P.C. is Investigating Driven Brands Holdings, Inc. on Behalf of Driven Brands Stockholders and Encourages Investors to Contact the Firm

Driven Brands Holdings Inc. (NASDAQ:DRVN ) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET Company Participants Jonathan Fitzpatrick - President & CEO Gary Ferrera - EVP & CFO Conference Call Participants Simeon Gutman - Morgan Stanley Peter Benedict - Baird Christopher Horvers - JPMorgan Liz Suzuki - Bank of America Katharine McShane - Goldman Sachs Karen Short - Credit Suisse Christopher O'Cull - Stifel Seth Sigman - Barclays Sharon Zackfia - William Blair Operator Good morning. My name is Joelle and I will be your conference operator today.

Driven Brands Holdings Inc. (DRVN) Q2 2023 Earnings Call Transcript

Driven Brands beat on Q2 revenue but missed on earnings this morning. Driven still earned a nice profit, which is more than one could say about Q2 last year.

Why Driven Brands Stock Got Destroyed Today

While the top- and bottom-line numbers for Driven Brands Holdings Inc. (DRVN) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Driven Brands Holdings Inc. (DRVN) Q2 Earnings

Driven Brands Holdings Inc. (DRVN) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.35 per share a year ago.

Driven Brands Holdings Inc. (DRVN) Lags Q2 Earnings Estimates

--Revenue increased 19% powered by 8% same-store sales growth and 7% net store growth-- --Net Income increased to $38 million vs a Net Loss of $57 million in prior year-- -- Adjusted EBITDA1 increased 12% to $151 million-- --Updates Full Year 2023 Guidance-- CHARLOTTE, N.C. , Aug. 2, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") today reported financial results for the second quarter ended July 1, 2023.

News for Driven Brands Holdings Stock (DRVN)