Welcome to our dedicated page for Driven Brands Holdings news (Ticker: DRVN), a resource for investors and traders seeking the latest updates and insights on Driven Brands Holdings stock.
Driven Brands Holdings Inc (DRVN), a leader in automotive aftermarket services, provides integrated solutions across repair, maintenance, and collision care. This page aggregates official company announcements and verified news updates for stakeholders seeking timely insights into DRVN's operations and market position.
Access curated press releases covering financial results, strategic partnerships, facility expansions, and technology initiatives. Investors will find earnings reports, merger disclosures, and leadership updates, while industry analysts can track trends through DRVN's service innovations and market responses.
Content is organized chronologically sorted announcements with cross-references to related developments. Regular updates ensure comprehensive coverage of DRVN's activities across North America, from quick lube service expansions to distribution network enhancements.
Bookmark this page for direct access to DRVN's verified news stream, or check back regularly for updates impacting the automotive services sector. Subscribe to Stock Titan alerts for immediate notifications of new filings or material developments.
Driven Brands (NASDAQ: DRVN) will present at the William Blair Growth Stock Conference in Chicago on June 5, 2024, at 10:00 a.m. Central/11:00 a.m. ET. The presentation will be webcast live on the company's Investor Relations website and available for replay for 30 days. Driven Brands, headquartered in Charlotte, NC, is North America's largest automotive services company with over 5,000 locations in 13 countries, servicing 70 million vehicles annually. The company generates approximately $2.3 billion in annual revenue from $6.4 billion in system-wide sales. Key brands include Take 5 Oil Change, Meineke Car Care Centers, and Maaco.
Driven Brands Holdings Inc. (NASDAQ: DRVN) reported strong financial results for the first quarter of 2024, with revenue reaching $572 million, up 2% from the prior year. The company achieved 13 consecutive quarters of same store sales growth and announced a CFO transition. Net Income was $4.3 million, Adjusted EBITDA was $131 million. The Maintenance segment delivered 5% same store sales growth driven by 7% in Take 5 Oil Change, contributing to total system-wide sales of $1.6 billion, up 7% versus the prior year.
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