Driven Brands Holdings Inc. Reports First Quarter 2024 Results [Yahoo! Finance]
Driven Brands Holdings Inc. (DRVN)
Company Research
Source: Yahoo! Finance
--Net Income of $4 million and Adjusted EBITDA of $131 million-- --Announces CFO transition-- --Reaffirms Fiscal Year 2024 Outlook-- CHARLOTTE, N.C., May 02, 2024 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 million or $0.17 per diluted share in the prior year. Adjusted Net Income was $38.1 million or $0.23 per diluted share versus $39.1 million or $0.23 per diluted share in the prior year. Adjusted EBITDA was $131.0 million up 6% versus the prior year. Cash provided by operating activities increased $23.5 million or 64% to $60.3 million compared t
Show less
Read more
Impact Snapshot
Event Time:
DRVN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DRVN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DRVN alerts
High impacting Driven Brands Holdings Inc. news events
Weekly update
A roundup of the hottest topics
DRVN
News
- Driven Brands Holdings Inc. (NASDAQ: DRVN) had its price target lowered by analysts at Barclays PLC from $25.00 to $22.00. They now have an "overweight" rating on the stock.MarketBeat
- Driven Brands Holdings Inc. (NASDAQ:DRVN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Driven Brands Holdings Inc. (NASDAQ: DRVN) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $21.00 to $17.00. They now have a "buy" rating on the stock.MarketBeat
- Driven Brands Holdings Inc. (NASDAQ: DRVN) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $16.00 to $14.00. They now have a "neutral" rating on the stock.MarketBeat
- Driven Brands Holdings Inc. (NASDAQ: DRVN) had its price target lowered by analysts at Piper Sandler from $18.00 to $14.00. They now have an "overweight" rating on the stock.MarketBeat
DRVN
Earnings
- 5/2/24 - Beat
DRVN
Sec Filings
- 5/17/24 - Form 3
- 5/14/24 - Form 8-K
- 5/8/24 - Form 10-Q
- DRVN's page on the SEC website