Revenue increase result of 7% same-store sales growth and 4% net store growth. Paint, Collision & Glass segment same store sales up 6.4%. Driven Brands Holdings Inc. (NASDAQ: DRVN) announced revenue the fiscal year ended December 30, 2023 of $2.3 billion, up 13% versus the prior year. System-wide sales were $6.3 billion, up 12% versus […]
Driven Brands Collision Repair Group Celebrates $5 Million Milestone in Cystic Fibrosis Fundraising
The Driven Brands collision repair group, consisting of Abra, CARSTAR US, CARSTAR Canada, and Fix Auto USA, announced its North American milestone of raising over $5 million for cystic fibrosis research, care, and advocacy. CARSTAR began fundraising for cystic fibrosis (CF) in Canada over 25 years ago, when a franchise partner’s granddaughter was diagnosed with […]
Best Buy Exec Damien Harmon Joins Driven Brands Board of Directors
Driven Brands Holdings (NASDAQ: DRVN) announced the election of Damien Harmon to its Board of Directors, effective January 1. Harmon will also serve as a member of the Compensation Committee. “We’re thrilled to have Damien join our Board,” said Jonathan Fitzpatrick, CEO and President of Driven Brands. “His deep experience in competitive and evolving retail […]
Driven Brands Launches Online B2B Marketplace
Driven Brands (NASD: DRVN) announced the launch of Driven Advantage, a new B2B digital marketplace powered by the Mirakl Platform. The new B2B marketplace connects Driven Brands’ 5,000+ automotive corporate locations, shop owners, franchises, and affiliates with more than 80,000 handpicked products from third-party suppliers. According to the company, the average automotive service center with […]
Driven Brands Reports Revenue Up 12% in Third Quarter Compared to Last Year
Revenue increase was due to 6% same-store sales growth and 6% net store growth. Driven Brands Holdings Inc. (NASDAQ: DRVN) delivered revenue of $581.0 million for the third quarter ended September 30, up 12% versus the prior year. System-wide sales were $1.6 billion, up 10 percent versus the prior year driven by 6 percent same-store […]
Annual Award Winners Announced at Driven Brands Collision Repair Conference
Abra, CARSTAR and Fix Auto USA franchise partners continued their collective celebration Friday in Florida as part of the 2023 Evolution Conference, the inaugural Driven Brands U.S. collision repair joint conference, along with Driven Brands team members, vendors, and industry leaders from across the U.S. The event was capped off by the awards gala where […]
Driven Brands Collision Repair Conference Raises Over $90,000 for Cystic Fibrosis
Abra, CARSTAR and Fix Auto USA franchise partners continued their collective efforts Saturday in Florida as part of the inaugural Driven Brands U.S. collision repair joint conference, along with Driven Brands team members, vendors, and industry leaders from across the U.S. The final day of the Evolution 2023 conference featured the Fenders and Fairways golf […]
Driven Brands Inaugural Collision Repair Segment Conference Opens in Florida
Driven Brands’ Abra, CARSTAR and Fix Auto USA franchise partners gathered in Florida for the kick off of the inaugural Driven Brands U.S. collision repair joint conference on Thursday, September 28, along with Driven Brands team members, vendors and industry leaders from across the U.S. The Evolution 2023 conference will run through Saturday, September 30, […]
Driven Brands to Host Inaugural Combined U.S. Collision Repair Conference September 28
Abra, CARSTAR and Fix Auto USA franchise partners will gather in Florida. Driven Brands will kick off the inaugural Driven Brands U.S. collision repair joint conference on Thursday, September 28, with franchise partners from Abra, CARSTAR, and Fix Auto USA, along with Driven Brands team members, vendors, and industry leaders from across the U.S. The […]
Driven Brands Authorizes $50 Million Share Repurchase Program
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced that its Board of Directors has authorized the Company, at its discretion, to repurchase up to $50 million of its common shares outstanding through March 31, 2025. The share repurchase will be funded through a combination of cash on hand, cash flow from operations, and the Company’s revolving […]
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