NASDAQ$DRVN
Driven Brands Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Driven Brands' Q3 2022 earnings showcased strong growth, fueled by same-store sales and strategic acquisitions, leading to raised full-year guidance.
Driven Brands reported a strong third quarter with a 39% increase in revenue to $516.6 million, driven by a 11.9% increase in consolidated same-store sales and net store growth. Net income increased by 16% to $38.4 million, and the company raised its full-year guidance.
- Revenue increased by 39% to $516.6 million, driven by same-store sales and net store growth.
- Consolidated same-store sales increased by 11.9%.
- The company added 101 net new stores during the quarter.
- Net income increased by 16% to $38.4 million.
Headline financials
Revenue & EPS history
Driven Brands · Revenue · Quarterly
$517M
Revenue by segment
Driven Brands · $517M total across 5 segments · Q3 2022
- Company-operated store sales$341M+59.6%66.1%
- Supply and other revenue$67.3M+32.7%13.0%
- Franchise royalties and fees$45.6M+17.0%8.8%
- Independently-operated store sales$40.5M-15.6%7.8%
- Advertising contributions$22M+11.4%4.3%
Forward guidance
The Company has raised its guidance for the fiscal year to account for its strong operating performance and M&A activity in the third quarter of 2022, while keeping fourth quarter expectations unchanged.
Tailwinds
- Revenue of approximately $2.0 billion.
- Adjusted EBITDA of approximately $503 million.
- Adjusted earnings per share of approximately $1.21.
- Low-double-digit same-store sales growth.
- Net store growth of approximately 370.
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 2022
-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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