Driven Brands (DRVN) Tops Q1 EPS by 7c, Offers Guidance

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Go back to Driven Brands (DRVN) Tops Q1 EPS by 7c, Offers Guidance

Driven Brands Holdings Inc. Reports First Quarter Results

April 27, 2022 7:00 AM EDT

Delivers Strong Same-Store Sales and Net Store Growth

Reports Robust Operating Income and Earnings Per Share Growth

CHARLOTTE, N.C., April 27, 2022 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN) (Driven Brands or the Company) today reported financial results for the first quarter ended March 26, 2022.

For the first quarter, revenue was $468.3 million, an increase of 42% versus the prior year. System-wide sales were $1.3 billion, an increase of 26% versus the prior year, with 8% net store growth and an increase in consolidated same-store sales of 15.6%.

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