NASDAQ$DRVN
Driven Brands Holdings Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Driven Brands reported strong second-quarter results with significant same-store sales growth and net new store additions.
Driven Brands Holdings Inc. reported a substantial increase in revenue and earnings per share for the second quarter of 2021. Revenue increased by 123% compared to the previous year, driven by the acquisition of ICWG and organic growth across all segments. The company added 70 net new stores and saw a significant increase in consolidated same-store sales. Driven Brands raised its fiscal year 2021 guidance due to the strong operating performance.
- Revenue increased by 123% year-over-year, reaching $374.8 million.
- Consolidated same-store sales grew by 38.7% for the quarter.
- The company added 70 net new stores during the quarter.
- Net income increased by 1051% compared to the prior year, reaching $35.2 million.
Headline financials
Revenue & EPS history
Driven Brands · Revenue · Quarterly
$375M
Revenue by segment
Driven Brands · $375M total across 5 segments · Q2 2021
- Company-operated store sales$206M+135.2%55.0%
- Independently-operated store sales$56.4M—15.0%
- Supply and other revenue$54.7M+39.4%14.6%
- Franchise royalties and fees$37.9M+33.9%10.1%
- Advertising contributions$19.6M+55.7%5.2%
Forward guidance
The Company has raised its guidance for fiscal year 2021, expecting revenue of approximately $1.4 billion, adjusted EBITDA of approximately $345 million, and adjusted earnings per share of approximately $0.83.
Tailwinds
- Revenue of approximately $1.4 billion
- Adjusted EBITDA of approximately $345 million
- Adjusted Earnings per Share of approximately $0.83
- Low double-digit same-store sales growth with positive same-store sales across all segments
- Maintenance: 80 to 90 stores net store growth
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2021
-3.4%
Avg return
Earnings day
-1.8%
Avg return
5 days after
+0.6%
Avg return
30 days after
46%
11 / 24 earnings
Positive
+10.4%
Q1 2022
Best reaction
-37.7%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | -36.4% | +3.9% | — | |
| Q3 2025 | +5.5% | -2.8% | +7.6% | |
| Q2 2025 | +1.9% | -2.4% | +13.1% | |
| Q1 2025 | +6.8% | +2.0% | +1.3% | |
| Q4 2024 | +2.1% | +14.4% | +16.8% | |
| Q3 2024 | +3.9% | +7.3% | +18.7% | |
| Q2 2024 | +1.0% | -0.4% | +6.7% | |
| Q1 2024 | -20.9% | -21.6% | -21.6% | |
| Q4 2023 | -7.6% | -6.3% | +5.2% | |
| Q3 2023 | +2.6% | +1.3% | +20.3% | |
| Q2 2023 | -37.7% | -40.4% | -42.5% | |
| Q1 2023 | -4.5% | -7.1% | -16.1% | |
| Q4 2022 | -0.5% | +1.4% | +0.7% | |
| Q3 2022 | -4.6% | -0.9% | -4.6% | |
| Q2 2022 | +2.0% | +6.7% | +8.0% | |
| Q1 2022 | +10.4% | +9.1% | +12.9% | |
| Q4 2019 | -3.8% | -4.5% | -6.8% | |
| Q4 2021 | -1.2% | -4.3% | -5.6% | |
| Q3 2020 | -1.9% | +2.4% | +3.2% | |
| Q3 2021 | -2.0% | +4.3% | -0.6% | |
| Q2 2020 | -0.1% | -0.9% | +5.2% | |
| Q2 2021 | +3.3% | +2.7% | -4.0% | |
| Q1 2021 | +6.9% | +3.0% | +7.7% | |
| Q4 2020 | -5.8% | -10.4% | -12.1% | |
| Q1 2020 | — | — | — | |
| Q1 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro