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

  • Consumer Sentiment Inches Up in January January 23, 2026
  • PSE Group Acquires Color Systems January 23, 2026
  • First Chicago Insurance Expands Personal Auto Coverage to Tennessee January 23, 2026
  • New York Governor Proposes Auto Insurance Reforms to Address Fraud, High Premiums January 23, 2026
  • FTC Finalizes Order Against GM, OnStar Over Geolocation Data Collection January 23, 2026
  • CREF Opens 2026 Benchmark Award Applications for Collision Repair School Programs January 22, 2026
  • Property/Casualty Insurers Post Strong 2025 Results Despite Slowing Premium Growth January 22, 2026

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