DRVN Earnings Prediction
The chart below shows how DRVN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DRVN sees a +9.11% change in stock price 10 days leading up to the earnings, and a +2.55% change 10 days following the report. On the earnings day itself, the stock moves by -6.97%. This data can give you a slight idea of what to expect for the next quarter's release.
DRVN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
591.68M
1.83%
-3.25%
Gross Margin
40.74%
13.51%
3.72%
Operating Margin
10.65%
8.56%
-30.16%
Net Margin
-2.53%
-98.16%
-151.32%
EPS
-0.09
-98.17%
-147.37%
No Data Available
DRVN Earnings Analysis
Driven Brands Holdings Inc. Common Stock Corporation (DRVN.O) Earnings Conference Call
Positive
Q3 2024 Revenue Increase: For Q3 2024, we delivered revenue of $592 million, up 2% versus the prior year.
Store Expansion and Sales Growth: Supported by 56 net new stores and 1.1% same-store sales growth.
Consistent Sales Growth: Our 15th consecutive quarter of positive same-store sales growth.
Adjusted EBITDA and EPS: Adjusted EBITDA of $138.8 million, generating diluted adjusted EPS of $0.26 per share.
Franchise Business Success: Take 5 Oil Change and franchise businesses all being key contributors to a solid Q3 2024.
Negative
Sluggish Revenue Growth: Revenue for Q3 was $591.7 million, an increase of only 1.8% year-over-year, indicating sluggish growth.
Quarterly Net Loss: Net loss for the quarter was $14.9 million, reflecting ongoing financial challenges.
Operating Expenses Reduction: Operating expenses decreased by $936 million year-over-year, but this was largely due to significant impairments related to the lapsing of goodwill and asset impairments.
Interest Expense Increase: Interest expense for Q3 was $43.7 million, $2.4 million higher than Q3 last year, driven by transaction costs from refinancing efforts.
Hurricane Impact on Operations: Despite a positive outlook, the company faced significant challenges from four major hurricanes, impacting consumer behavior and operational efficiency.
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DRVN Earning Call Sentiment
Driven Brands Holdings Inc. (DRVN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
DRVN.O
0.55%Positive
The earnings call summary indicates strong financial performance with revenue and EBITDA growth, despite some challenges like hurricanes. The company is successfully reducing debt and expanding its Take 5 Oil Change stores. Positive trends in membership growth and strategic asset sales further support a favorable outlook. While guidance was slightly lowered, the focus on debt reduction and operational efficiency suggests a positive sentiment. The market cap indicates a potential for a 2% to 8% stock price increase over the next two weeks.