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Driven Brands Holdings (DRVN)
NASDAQ:DRVN
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 14.43%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
Driven Brands showed resilience in revenue and store growth, particularly in the Take 5 Oil Change segment, while also making progress on debt reduction and asset sales. However, the company faced significant challenges with a decline in operating income, net loss, and continued pressures from inflation affecting consumer spending. The sentiment is mixed, reflecting both positive achievements and notable challenges.Company Guidance
During the Driven Brands Q4 2024 earnings call, the company provided guidance for 2025, highlighting key financial metrics and strategic priorities. The company expects revenue to range between $2.05 billion to $2.15 billion, with adjusted EBITDA projected between $520 million to $550 million. Adjusted diluted EPS is anticipated to be between $1.15 and $1.25 per share, reflecting continued growth despite macroeconomic pressures. Driven Brands plans to achieve same-store sales growth of 1% to 3% and aims for net store growth of 175 to 200 units. The company is focused on reducing its leverage ratio to less than 3x by year-end 2026, building on the 4.4x achieved in Q4 2024. The sale of the U.S. car wash business, expected to close in Q2 2025, is part of this strategy, alongside a re-segmentation to spotlight the Take 5 Oil Change segment as a standalone growth driver.Steady Revenue and Store Growth
Q4 2024 revenue of $564 million, up 2% year-over-year, driven by 70 net new stores and 2.9% same-store sales growth. Fiscal year 2024 revenue reached $2.3 billion with 191 net new stores.
Strong Performance of Take 5 Oil Change
Take 5 Oil Change achieved its 18th consecutive quarter of positive same-store sales growth with 9.2% in Q4 2024 and 6.8% for the fiscal year. Revenue grew by 16% and EBITDA by 21% compared to the previous year.
Debt Reduction and Leverage Improvement
Driven Brands paid down approximately $248 million of debt in 2024, achieving a net leverage ratio of 4.4x in Q4, with a target of less than 3x by year-end 2026.
Divestiture Plan and Asset Sales
Entered into a definitive agreement to sell the U.S. car wash business. Sold $208 million worth of assets in 2024, completing over 75% of the asset divestiture process.
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DRVN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DRVN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $15.32 | $15.64 | +2.09% |
| Oct 31, 2024 | $14.19 | $14.85 | +4.65% |
| Aug 01, 2024 | $13.44 | $14.51 | +7.96% |
| May 02, 2024 | $14.66 | $11.69 | -20.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Driven Brands Holdings (DRVN) report earnings?
Driven Brands Holdings (DRVN) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Driven Brands Holdings (DRVN) earnings time?
Driven Brands Holdings (DRVN) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DRVN EPS forecast?
DRVN EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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