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) CEO Jonathan Fitzpatrick on Q4 2020 Results - Earnings Call Transcript

CHARLOTTE, N.C., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands”) will release fourth quarter and fiscal year 2020 financial results before the market opens on March 10, 2021. Following the release, Driven Brands will host a conference call at 9:00 a.m. ET to review the financial results.

Driven Brands Holdings Inc. to Report Fourth Quarter and Fiscal Year 2020 Results on March 10, 2021

Shares of Driven Brands Holdings Inc. rallied toward a fifth-straight gain Tuesday, after the newly public auto services company got a mostly bullish endorsement from Wall Street analysts, as a way to play the recovery in the auto industry.

The Ratings Game: Driven Brands stock gets bullish endorsement from Wall Street

Driven Brands has seen a strong public debut as investors like the potential for its role as consolidator in a fragmented industry. While I see this appeal, I have real valuation concerns, including that of its long-term business model.

Driven Brands: Not Driving Along

The stock price of Driven Brands Holdings Inc (NASDAQ: DRVN) increased by 21.32% in its public debut on Friday January 15 as it went from an opening price of $22 to a closing of $26.69. These are the details.

DRVN Stock Price Climbs 21.32% In Public Debut

DRVN stock started trading today following the Driven Brands IPO. Here's what you should know about the auto care play now.

Driven Brands IPO: 13 Things to Know as Auto Care Play DRVN Stock Starts Trading

CHARLOTTE, N.C., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) today announced the pricing of its initial public offering of 31,818,182 shares of its common stock at a price to the public of $22.00 per share. Driven Brands is the largest automotive services company in North America, with a portfolio of highly recognizable brands that fulfill an extensive range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash.

Driven Brands Holdings Inc. Announces Pricing of Initial Public Offering

News for Driven Brands Holdings Stock (DRVN)