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You are here: Home / Archives for Driven Brands

Driven Brands Reports Revenue of $572 Million in First Quarter

May 2, 2024 By CollisionWeek Editor

Driven Brands Holdings Inc. (NASDAQ: DRVN) reported revenue of $572 million for the first quarter of 2024 ended March 30, up 2% versus the prior year quarter. System-wide sales were $1.6 billion, up 7% versus the prior year primarily driven by 0.7% same store sales growth and 144 net new units. System wide sales in […]

Filed Under: News Tagged With: Driven Brands, Earnings

Driven Brands Reports Revenue Up 13% to $2.3 Billion for 2023

February 23, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Driven Brands, Earnings

Driven Brands Collision Repair Group Celebrates $5 Million Milestone in Cystic Fibrosis Fundraising

January 30, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Driven Brands

Best Buy Exec Damien Harmon Joins Driven Brands Board of Directors

January 3, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Driven Brands, People

Driven Brands Launches Online B2B Marketplace

December 13, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, Driven Brands

Driven Brands Reports Revenue Up 12% in Third Quarter Compared to Last Year

November 2, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Driven Brands, Earnings

Annual Award Winners Announced at Driven Brands Collision Repair Conference

October 6, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: ABRA, Annual Conference, Awards, CARSTAR, Driven Brands, Fix Auto USA

Driven Brands Collision Repair Conference Raises Over $90,000 for Cystic Fibrosis

October 5, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Donations, Driven Brands, Golf Outing

Driven Brands Inaugural Collision Repair Segment Conference Opens in Florida

September 29, 2023 By CollisionWeek Editor

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, […]

Filed Under: News Tagged With: Annual Conference, Driven Brands

Driven Brands to Host Inaugural Combined U.S. Collision Repair Conference September 28

September 14, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: ABRA, Annual Conference, CARSTAR, Driven Brands, Fix Auto USA, Florida

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