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 Reports Revenue Up 20% in First Quarter

Driven Brands Reports Revenue Up 20% in First Quarter

May 5, 2023 By CollisionWeek Editor

Paint, collision repair and glass segment same store sales were up 14%.

Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue of $562.5 million for the first quarter ended April 1, up 20 percent versus the prior year. System-wide sales were $1.5 billion, up 19 percent versus the prior year driven by 9 percent same-store sales growth and 7 percent net store growth.

 

Net Income decreased 14 percent versus the prior year to $29.7 million or $0.17 per diluted share.  Adjusted Net Income decreased 11 percent to $42.3 million or $0.25 per diluted share, while Adjusted earnings before interest, taxes, depreciation

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

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Diagnostics Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Happy Holidays from CollisionWeek December 12, 2025
  • Record 122 Million Travelers Expected in U.S. During Year-End Holidays December 12, 2025
  • U.S. Property/Casualty Industry Posts $35 Billion Underwriting Gain Through September December 12, 2025
  • State Farm Approved for 5.9% Auto Insurance Rate Decrease in Louisiana December 12, 2025
  • Solera Reports AI-Powered Estimating Cuts Cycle Times, Boosts Shop Revenue December 12, 2025
  • AutoNation Acquires Baltimore Toyota Dealership December 12, 2025
  • Mitchell Reports Record BEV Collision Claims Frequency in Q3 December 11, 2025

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 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in