Driven Brands (DRVN) Tops Q1 EPS by 13c; Raises Outlook

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Go back to Driven Brands (DRVN) Tops Q1 EPS by 13c; Raises Outlook

Driven Brands Holdings Inc. Reports First Quarter Results

April 28, 2021 7:08 AM EDT

Delivers Positive Same-Store Sales and Strong Operating Income
Raises Fiscal Year 2021 Guidance

CHARLOTTE, N.C., April 28, 2021 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN) (Driven Brands or the Company) today reported financial results for the first quarter ended March 27, 2021.

For the first quarter, revenue was $329.4 million, an increase of 83% versus the prior year. System-wide sales hit a record $1.0 billion, an increase of 28% versus the prior year, with 37% net store growth and an increase in consolidated same-store sales of 0.5%.

Loss per share was... More