Company says collision network outperforms a soft repair industry by about 200 basis points while Maaco stays under pressure.
Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA and paint franchise Maaco, on Aug. 6 reported second quarter revenue increased 6.8% to $507.4 million, with same-store sales up 1.4% across its portfolio.
The two collision-related lines moved in opposite directions. Driven Brands’ collision network continued to take share from a repair industry that remains soft, while Maaco, the company’s most discretionary brand, stayed under pressure from households that have curtailed
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