NASDAQ$DRVN
Driven Brands Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Driven Brands demonstrated strong financial performance in Q3 2021, marked by substantial revenue growth, same-store sales increases, and strategic store expansion.
Driven Brands reported a strong third quarter with a 39% increase in revenue to $371.1 million. Consolidated same-store sales grew by 12.8%, and the company added 53 net new stores. Net income increased by 712% to $33.1 million, and adjusted earnings per share increased by 30% to $0.26. The company raised its fiscal year 2021 guidance.
- Revenue increased by 39% year-over-year, driven by same-store sales and net store growth.
- Consolidated same-store sales increased by 12.8%, with positive growth across all segments.
- The company added 53 net new stores during the quarter.
- Net income increased by 712% year-over-year to $33.1 million.
Headline financials
Revenue & EPS history
Driven Brands · Revenue · Quarterly
$371M
Revenue by segment
Driven Brands · $371M total across 5 segments · Q3 2021
- Company-operated store sales$214M+51.8%57.6%
- Supply and other revenue$50.7M+12.9%13.7%
- Independently-operated store sales$47.9M+56.7%12.9%
- Franchise royalties and fees$39M+6.7%10.5%
- Advertising contributions$19.8M+32.4%5.3%
Forward guidance
The Company has raised its guidance for fiscal year 2021 to account for the strong operating performance in the third quarter. The following guidance reflects the Company’s current expectations for the fiscal year ending December 25, 2021:
Tailwinds
- Revenue of approximately $1.4 billion
- Adjusted EBITDA of approximately $350 million
- Adjusted Earnings per Share of approximately $0.84
- Approximately 15% same-store sales growth, with positive same-store sales across all segments
- Net store growth of approximately 200, driven by franchise and company-operated store growth as well as tuck-in acquisitions completed through the third quarter.
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 Q3 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 | — | — | — |
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