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.

Earnings data Q1 2021

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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.

CHARLOTTE, N.C. , July 19, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) will release its second quarter 2023 earnings before the market opens on Wednesday, August 2, 2023.

Driven Brands Holdings Inc. to host second quarter earnings conference call on August 2, 2023

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LEA or DRVN: Which Is the Better Value Stock Right Now?

CHARLOTTE, N.C. , June 29, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") today announced that it will host an Investor Day in Charlotte, North Carolina on Wednesday, September 20, 2023.

Driven Brands to Host Investor Day on September 20, 2023

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I maintain a positive outlook on DRVN given the strong top-line performance, successful rebranding of car washes, and progress in integrating the U.S. glass repair business. The potential for DRVN to penetrate the national insurance business and management's confidence in their FY23 guidance are positive factors. The stock price has faced technical resistance at the $30 level, but I believe the market will recognize DRVN's value as it continues its strategic initiatives and achieves operational excellence.

Driven Brands Holdings: Stay Objective And Focus On The Results

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CVGI vs. DRVN: Which Stock Is the Better Value Option?

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Investors with an interest in Automotive - Original Equipment stocks have likely encountered both Oshkosh (OSK) and Driven Brands Holdings Inc. (DRVN). But which of these two stocks is more attractive to value investors?

OSK or DRVN: Which Is the Better Value Stock Right Now?

CHARLOTTE, N.C. , May 18, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") today announced it is rescheduling its Investor Day, originally planned for May 23, 2023.

Driven Brands Reschedules Investor Day

CHARLOTTE, N.C. , May 17, 2023 /PRNewswire/ -- On May 23, 2023, at 9 a.m.

Driven Brands to host inaugural Investor Day on May 23, 2023

Gary W. Ferrera Appointed Chief Financial Officer Company Reaffirms Fiscal 2023 Guidance CHARLOTTE, N.C. , May 8, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company"), the largest automotive services company in North America, today announced that Gary W.

Driven Brands Announces Executive Transition

Driven Brands Holdings Inc. (NASDAQ:DRVN ) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Company Participants Kristine Moser - Vice President of Investor Relations Jonathan Fitzpatrick - President and Chief Executive Officer Tiffany Mason - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Kessler - Morgan Stanley Christopher Horvers - JPMorgan Kate McShane - Goldman Sachs Liz Suzuki - Bank of America Karen Short - Credit Suisse Patrick Johnson - Stifel Seth Sigman - Barclays Sharon Zackfia - William Blair Brian McNamara - Canaccord Genuity Peter Benedict - Baird Peter Keith - Piper Sandler Operator Good morning, and welcome to Driven Brands First Quarter 2023 Earnings Conference Call. My name is Sylvie, and I will be your conference operator today.

Driven Brands Holdings Inc. (DRVN) Q1 2023 Earnings Call Transcript

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 March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Driven Brands Holdings Inc. (DRVN) Q1 Earnings: A Look at Key Metrics

Driven Brands Holdings Inc. (DRVN) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.28 per share a year ago.

Driven Brands Holdings Inc. (DRVN) Q1 Earnings and Revenues Beat Estimates

Revenue increased 20 percent powered by 9 percent same-store sales growth and 7 percent net store growth Reaffirms fiscal 2023 guidance, reflecting continued market shares gains and resilient needs-based category CHARLOTTE, N.C. , May 3, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") today reported financial results for the first quarter ended April 1, 2023.

Driven Brands Holdings Inc. Reports Strong First Quarter Results

CHARLOTTE, N.C. , April 26, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) will release its first quarter 2023 earnings before the market opens on Wednesday, May 3, 2023.

Driven Brands Holdings Inc. to host first quarter earnings conference call on May 3, 2023

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VLVLY or DRVN: Which Is the Better Value Stock Right Now?

CHARLOTTE, N.C. , March 8, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) (the "Company" or "Driven Brands") today announced that it will present at the UBS Global Consumer and Retail Conference 2023 on March 15, 2023, at approximately 9:00 a.m.

Driven Brands to Present at the UBS Global Consumer and Retail Conference 2023

CHARLOTTE, N.C. , March 7, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) (the "Company" or "Driven Brands") today announced that it will present at the Bank of America Securities 2023 Consumer & Retail Conference on March 14, 2023, at approximately 9:40 a.m.

Driven Brands to Present at the Bank of America Securities 2023 Consumer & Retail Conference

Driven Brands Holdings reported better-than-expected 4Q22 adj. EBITDA, with solid guidance for Q4 and FY23. The weaker-than-anticipated performance is likely to persist until 2H23 due to the disruption caused by the rebrandings and volatility in macroeconomic indicators and FX.

Driven Brands Holdings: FY23 Guidance Gives Confidence; Continue Staying Long

Driven Brands Holdings Inc. (NASDAQ:DRVN ) Q4 2022 Earnings Conference Call February 22, 2023 8:30 AM ET Company Participants Kristy Moser - Vice President of Investor Relations Jonathan Fitzpatrick - President and Chief Executive Officer Tiffany Mason - Executive Vice President and Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Seth Sigman - Barclays Christopher Horvers - J.P. Morgan Karen Short - Credit Suisse Liz Suzuki - Bank of America Sharon Zackfia - William Blair Peter Keith - Piper Sandler John Lawrence - Benchmark Justin Kleber - Baird Operator Good morning, and welcome to Driven Brands Fourth Quarter and Fiscal 2022 Earnings Conference Call.

Driven Brands Holdings Inc. (DRVN) Q4 2022 Earnings Call Transcript

Driven Brands Holdings Inc. (DRVN) delivered earnings and revenue surprises of 0% and 1.92%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Driven Brands Holdings Inc. (DRVN) Matches Q4 Earnings Estimates

Fiscal 2022 revenue increased 39 percent powered by 14 percent same-store sales growth and 9 percent net store growth Momentum continued in fourth quarter with the seventh consecutive quarter of double-digit same store-sales growth Fiscal 2023 guidance reflects powerful customer value proposition and resilient needs-based industry CHARLOTTE, N.C. , Feb. 22, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") today reported financial results for the fourth quarter and fiscal year ended December 31, 2022.

Driven Brands Holdings Inc. Reports Record Year of Revenue and Profitability in Fiscal 2022; Issues Fiscal 2023 Guidance

The mean of analysts' price targets for Driven Brands Holdings Inc. (DRVN) points to a 34.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Driven Brands Holdings Inc. (DRVN) Could Rally 34.32%: Here's is How to Trade

Driven Brands Holdings Inc. (DRVN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

News for Driven Brands Holdings Stock (DRVN)