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.
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Driven Brands Holdings (NASDAQ: DRVN) is set to announce its Q1 2023 earnings on May 3, 2023, before market opening. Following the earnings release, a conference call will occur at 8:30 a.m. ET to discuss the company’s financial and operational performance. Driven Brands, headquartered in Charlotte, NC, is the largest automotive services provider in North America, with over 4,800 locations and servicing more than 70 million vehicles annually. The company generates approximately $2 billion in annual revenue from over $5.6 billion in system-wide sales. Investors can access the conference call via the Investor Relations webpage, with an archived replay available until July 1, 2023.
Driven Brands Holdings announced its participation in the UBS Global Consumer and Retail Conference 2023 on March 15, 2023, at 9:00 a.m. Eastern Time. Investors can access the live audio webcast on the Driven Brands Investor Relations page. A replay will be available until at least April 15, 2023.
Driven Brands is the largest automotive services company in North America, with over 4,800 locations and annual revenues of approximately $2 billion. The company serves over 50 million vehicles annually, offering services like oil changes, collision repair, and car washes.
Driven Brands Holdings, trading under NASDAQ: DRVN, announced its participation at the Bank of America Securities 2023 Consumer & Retail Conference on March 14, 2023, at approximately 9:40 a.m. ET. A live audio webcast of the presentation will be accessible via the Investor Relations webpage. The replay will be available until at least April 14, 2023. Driven Brands, headquartered in Charlotte, NC, is North America's largest automotive services company, boasting over 4,800 locations and servicing more than 50 million vehicles annually, generating around $2 billion in annual revenue.
Driven Brands reported a 39% increase in revenue for fiscal 2022, reaching $2 billion, fueled by a 14% growth in same-store sales and 9% net store growth. In Q4 alone, revenue was $539.7 million, up 38% year-over-year, with net income of $27.4 million, or $0.16 per diluted share. Adjusted Net Income rose 35% to $42.2 million or $0.25 per diluted share. The company's 2023 guidance suggests revenue of approximately $2.35 billion and same-store sales growth of 5% to 7%, indicating strong momentum moving forward.
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