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.

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Driven Brands Holdings Inc. (NASDAQ:DRVN ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Joel Arnao - Senior Vice President of FP&A, Treasury and Investor Relations Jonathan Fitzpatrick - President and CEO Gary Ferrera - EVP and CFO Danny Rivera - EVP and COO Conference Call Participants Simeon Gutman - Morgan Stanley Peter Benedict - Baird Robby Ohmes - Bank of America Seth Sigman - Barclays Madison Callinan - Canaccord Genuity Christian Carlino - JPMorgan Kate McShane - Goldman Sachs Chris O'Cull - Stifel Peter Keith - Piper Sandler Operator Good morning. My name is Karina, and I will be your conference operator today.

Driven Brands Holdings Inc. (DRVN) Q1 2024 Earnings Call Transcript

Driven Brands Holdings Inc. (DRVN) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.25 per share a year ago.

Driven Brands Holdings Inc. (DRVN) Surpasses Q1 Earnings Estimates

CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the first quarter ending March 30, 2024. For the first quarter, Driven Brands delivered revenue of $572 million, up 2% versus the prior year. System-wide sales were $1.6 billion, up 7% versus the prior year primarily driven by 0.7% same store sales growth and 144 net new units. Net Income was $4.3 million or $0.03 per diluted share versus $29.7 mil.

Driven Brands Holdings Inc. Reports First Quarter 2024 Results

CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) will release its first quarter 2024 earnings before the market opens on May 2, 2024. Following the release, management will host a conference call at 8:30 a.m. ET to review the company's financial and operating performance. The conference call will be available via live webcast on Driven Brands' Investor Relations webpage at investors.drivenbrands.com. An archived replay of the conference call will be available later t.

Driven Brands Holdings Inc. to host first quarter earnings conference call on May 2, 2024

CHARLOTTE, N.C. , March 5, 2024 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") today announced that it will participate in the Bank of America 2024 Consumer & Retail Conference in Miami.

Driven Brands to participate in the Bank of America 2024 Consumer & Retail Conference

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Driven Brands Holdings Inc. (NASDAQ:DRVN) Q4 2023 Earnings Conference Call February 22, 2024 8:30 AM ET

Driven Brands Holdings Inc. (DRVN) Q4 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 December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Driven Brands Holdings Inc. (DRVN) Reports Q4 Earnings: What Key Metrics Have to Say

Driven Brands Holdings Inc. (DRVN) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.25 per share a year ago.

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

--Fiscal 2023 revenue increased 13% powered by 7% same-store sales growth and 4% net store growth-- --Achieved 12 consecutive quarters of same store sales growth-- --Issues fiscal year 2024 financial outlook-- CHARLOTTE, N.C. , Feb. 22, 2024 /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 30, 2023.

Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

NEW YORK, NY / ACCESSWIRE / February 20, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67589&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Reminds Driven Brands Holdings Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 20, 2024 - DRVN

NEW YORK, NY / ACCESSWIRE / February 20, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67559&wire=1 or contact Joseph E. Levi, Esq.

Shareholders that lost money on Driven Brands Holdings Inc. (DRVN) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More

NEW YORK, NY / ACCESSWIRE / February 20, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67541&wire=1 or contact Joseph E. Levi, Esq.

Driven Brands Holdings Inc. Class Action: Levi & Korsinsky Reminds Driven Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 20, 2024 - DRVN

NEW YORK, NY / ACCESSWIRE / February 20, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67503&wire=1 or contact Joseph E. Levi, Esq.

Investors who lost money on Driven Brands Holdings Inc.(DRVN) should contact Levi & Korsinsky about pending Class Action - DRVN

NEW YORK, NY / ACCESSWIRE / February 19, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67458&wire=1 or contact Joseph E. Levi, Esq.

Driven Brands Holdings Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before February 20, 2024 to Discuss Your Rights - DRVN

Get a deeper insight into the potential performance of Driven Brands Holdings Inc. (DRVN) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Stay Ahead of the Game With Driven Brands Holdings Inc. (DRVN) Q4 Earnings: Wall Street's Insights on Key Metrics

NEW YORK, NY / ACCESSWIRE / February 19, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67432&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Driven Brands Holdings Inc. (DRVN) Shareholders

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Driven Brands Holdings Inc. (NASDAQ: DRVN) between October 27, 2021 and August 1, 2023, both dates inclusive (the “Class Period”), of the important February 20, 2024 lead plaintiff deadline. SO WHAT: If you purchased Driven Brands common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency f.

DRVN DEADLINE TOMORROW: ROSEN, A LEADING AND RANKED FIRM, Encourages Driven Brands Holdings Inc. Investors to Secure Counsel Before Important February 20 Deadline in Securities Class Action – DRVN

NEW YORK, NY / ACCESSWIRE / February 19, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67428&wire=1 or contact Joseph E. Levi, Esq.

Shareholders of Driven Brands Holdings Inc. Should Contact Levi & Korsinsky Before February 20, 2024 to Discuss Your Rights - DRVN

NEW YORK, NY / ACCESSWIRE / February 18, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67382&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Notifies Shareholders of Driven Brands Holdings Inc.(DRVN) of a Class Action Lawsuit and an Upcoming Deadline

NEW YORK, NY / ACCESSWIRE / February 18, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67373&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Notifies Driven Brands Holdings Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - DRVN

NEW YORK, NY / ACCESSWIRE / February 17, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67347&wire=1 or contact Joseph E. Levi, Esq.

Class Action Filed Against Driven Brands Holdings Inc. (DRVN) - February 20, 2024 Deadline to Join - Contact Levi & Korsinsky

If you suffered losses exceeding $100,000 investing in Driven Brands stock or options between October 27, 2021 and August 1, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/DRVN.

DRIVEN BRANDS INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Driven Brands To Contact Him Directly To Discuss Their Options

NEW YORK, NY / ACCESSWIRE / February 16, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67299&wire=1 or contact Joseph E. Levi, Esq.

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