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You are here: Home / News / Driven Brands Reports Record Revenue and Profitability in 2022

Driven Brands Reports Record Revenue and Profitability in 2022

February 22, 2023 By CollisionWeek Editor

Revenue increased 39 percent powered by 14 percent same-store sales growth and 9 percent net store growth.

Driven Brands Holdings Inc. (NASDAQ:DRVN) today reported 2022 revenue of $2.0 billion, up 39 percent versus the prior year. System-wide sales were $5.6 billion, up 24 percent versus the prior year with 14 percent same-store sales growth and 9 percent net store growth.

Driven Brands logoNet income increased $33.6 million versus the prior year to $43.2 million or $0.25 per diluted share inclusive of a $125.5 million one-time non-cash impairment charge related to intangible assets in the second quarter as a result of the Company’s

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Filed Under: News Tagged With: Driven Brands, Earnings

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