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 […]
Collision Repair Education Foundation Announces Over $130,000 in Scholarships and Tool Grants
Nearly 90 collision repair students receive industry support facilitated by CREF. The Collision Repair Education Foundation (CREF) announced the recipients of its 2023 Scholarships and Tool Grants, funded through the generosity of a multitude of small and large industry partners. With the industry’s support, CREF funded over $130,000 in 2023 scholarships and tool grants, benefitting […]
Driven Brands Reports Second Quarter Revenue Up 19%
Paint, Collision & Glass segment same-store sales up over 12%. Driven Brands Holdings Inc. (NASDAQ:DRVN) on August 2 reported revenue of $606.9 million for the second quarter ended July 1, up 19% compared to last year. System-wide sales were $1.7 billion, up 18 percent versus the prior year driven by 8 percent same-store sales growth […]
Driven Brands Wraps Inaugural Combined Canadian Conference with Celebration
Franchise Partners from CARSTAR Canada and Driven Glass Canada raised more than CA$150,000 to benefit charitable partners across Canada. Driven Brands closed out its inaugural Driven Brands Canadian joint conference in the same spirit with which it began – excitement, conviviality and a commitment to evolving and growing together. The celebration, Evolution 2023, was held […]
Driven Brands Collision Repair Companies Kick Off Third Annual Shine Season Summer Fundraising
Driven Brands collision repair companies CARSTAR U.S., CARSTAR Canada, Fix Auto USA, and Abra, kick off the summer fundraising initiative, Shine Season, today. The June through August initiative encourages franchise partners and members of the collision corporate staff to get involved with the Cystic Fibrosis Foundation and Cystic Fibrosis Canada to raise funds for cystic […]
Gary Ferrera Named Executive Vice President and Chief Financial Officer at Driven Brands
Driven Brands Holdings Inc. (NASDAQ:DRVN) announced that Gary W. Ferrera has been appointed Executive Vice President and Chief Financial Officer, effective May 10. Ferrera will report to President and Chief Executive Officer Jonathan Fitzpatrick and succeeds Tiffany Mason. “Gary is a proven leader who brings deep experience leading financial teams, a strong track record in […]
Driven Brands Reports Revenue Up 20% in First Quarter
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 […]
Auto Glass Now Expands with Ten New Locations
Auto Glass Now announced the opening of ten new facilities across the country. “It is an exciting time for our Auto Glass Now brand as our growth is continuing at a fast pace and in new regions,” said Nick Ouimet, glass president, Driven Brands. “Our expansion into new markets has allowed our services to span […]
Driven Brands Reports Record Revenue and Profitability in 2022
Revenue increased 39 percent powered by 14 percent same-store sales growth and 9 percent net store growth. Driven Brands Holdings Inc. (NASDAQ:DRVN) today reported 2022 revenue of $2.0 billion, up 39 percent versus the prior year. System-wide sales were $5.6 billion, up 24 percent versus the prior year with 14 percent same-store sales growth and […]
Danny Rivera Named to Newly Created Chief Operating Officer Role at Driven Brands
Driven Brands Holdings Inc. (NASDAQ:DRVN) announced the appointment of Danny Rivera to the newly created role of Chief Operating Officer effective February 20, 2023, reporting to Chief Executive Officer Jonathan Fitzpatrick. Driven Brands is also pleased to welcome back Mo Khalid, who will succeed Rivera in the role of Executive Vice President & Group President, […]
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