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Driven Brands Holdings Inc. - DRVN STOCK NEWS

Welcome to our dedicated news page for Driven Brands Holdings (Ticker: DRVN), a resource for investors and traders seeking the latest updates and insights on Driven Brands Holdings .

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Driven Brands Holdings 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Driven Brands Holdings 's position in the market.

Rhea-AI Summary
Driven Brands reports a 12% increase in revenue for Q3 2023, driven by 6% same-store sales growth and 6% net store growth. The company reaffirms its fiscal year 2023 financial outlook. Net loss for the quarter was $799.3 million, compared to net income of $38.4 million in the prior year. Adjusted net income decreased 39% to $33.7 million. Cash provided by operating activities for the nine months ended September 30, 2023, increased 26% to $212.0 million compared to the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.95%
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Rhea-AI Summary
Driven Brands Holdings Inc. to release Q3 2023 earnings on November 1, 2023
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-- %
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conferences earnings
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Rhea-AI Summary
Driven Brands Holdings Inc. announces share repurchase authorization of up to $50 million
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End-of-Day
2.3%
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buyback
Rhea-AI Summary
Kian Capital Partners has acquired a leading Meineke Car Care Center franchisee to establish a new platform called PARC Auto. PARC Auto currently consists of 15 Meineke automotive care centers in the Louisville, Kentucky area. The franchise group, founded in 1996, is known for its high-quality service and has received multiple awards. Kian's experience in the automotive space and founder-friendly approach make them an ideal partner for PARC Auto's growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
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Rhea-AI Summary
NASDAQ: DRVN - Driven Brands Holdings Inc. reported a 19% revenue increase in Q2 2023, driven by 8% same-store sales growth and 7% net store growth. Net Income increased to $37.7 million. Adjusted EBITDA increased 12% to $151 million. Full Year 2023 Guidance updated due to weaker performance in Car Wash and U.S. glass business.
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Rhea-AI Sentiment
End-of-Day
-41.15%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
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conferences earnings
Rhea-AI Summary
Driven Brands Holdings Inc. will host an Investor Day in Charlotte, North Carolina on September 20, 2023. The event will be available via live webcast and is expected to last 4 hours.
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4%
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conferences
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News
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-1.95%
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-1.11%
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conferences
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Rhea-AI Sentiment
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-0.25%
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Driven Brands Holdings Inc.

Nasdaq:DRVN

DRVN Rankings

DRVN Stock Data

2.41B
58.66M
2.27%
97.94%
2.64%
General Warehousing and Storage
Transportation and Warehousing
Link
United States of America
CHARLOTTE

About DRVN

driven brands, headquartered in charlotte, nc, is the parent company of north america’s leading automotive aftermarket brands across four distinct verticals: repair & maintenance, housing meineke car care centers® and merlin 200,000 mile shops®; paint & collision, housing maaco®, carstar north america® and drive n style®; distribution, housing 1-800-radiator & a/c®; and quick lube, housing pro oil change®, econo lube n'​ tune®, driven florida lubes® and take 5 oil change. driven brands has more than 2,300 centers across north america, and combined, all businesses generate more than $2.1 billion in system sales. for more information, visit www.drivenbrands.com.