CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Driven Brands Holdings Reports Revenue of $904 Million for 2020

Driven Brands Holdings Reports Revenue of $904 Million for 2020

March 10, 2021 By CollisionWeek Editor

Driven Brands Holdings Inc. (NASDAQ: DRVN) today reported financial results for the fourth quarter and fiscal year ended December 26, 2020.

Driven Brands logoFor the fourth quarter, revenue was $288.5 million, an increase of 58% versus the prior year. Loss per share was $(0.06) for the fourth quarter, while adjusted earnings per share2 was $0.01.

The revenue increase was primarily driven by the acquisition of International Car Wash Group (ICWG) in the third quarter of 2020, which added 939 stores to the Driven Brands portfolio.

System-wide sales in the fourth quarter across its franchise networks were $935.1 million, an increase of 24%

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Driven Brands, Earnings

Connect

  • Email
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems BASF Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Certification Collision Repair Education Foundation Copart Coronavirus Diagnostics Donations Earnings Florida General Motors I-CAR Insurance Auto Auctions Lawsuits legislation Mitchell International National Auto Body Council Network Affiliations New Jersey Non-OEM Parts Openings People PPG Industries Regulations Service King Collision Repair Centers Texas United Kingdom Women's Industry Network Workforce Development

Recent Articles

  • U.S. Auto Body Repair Prices Up Nearly 15% in July Compared to Last Year August 12, 2022
  • Auto Glass Now Adds Two New Locations in California August 12, 2022
  • ASA August 17 Webinar to Feature I-CAR Best Practices on Electric Vehicle Technology August 12, 2022
  • AAA Says Annual Cost of New Car Ownership Crosses $10K Mark August 12, 2022
  • Collision Repair Education Foundation Announces Fall High School & College Career Fair Schedule August 11, 2022
  • Wholesale Used-Vehicle Prices Declined Slightly in July from Seasonal Adjustment August 11, 2022
  • IAA Reports Second Quarter Revenue Up 16.9% to $520.3 Million August 11, 2022

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2021 - QuanDec Corporation - All Rights Reserved ยท Log in