Recap: Driven Brands Hldgs Q1 Earnings

Driven Brands Hldgs DRVN reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:45 AM.

Here's what investors need to know about the announcement.

Driven Brands Hldgs beat estimated earnings by 8.7%, reporting an EPS of $0.25 versus an estimate of $0.23.

Revenue was up $94.14 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 0.14% increase in the share price the next day.

Here's a look at Driven Brands Hldgs's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.24	0.27	0.30	0.21
EPS Actual	0.25	0.32	0.35	0.28
Revenue Estimate	546.40M	492.06M	482.14M	437.20M
Revenue Actual	539.65M	516.59M	508.62M	468.32M

Listen to the earnings announcement yourself by clicking here.

To track all earnings releases for Driven Brands Hldgs visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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