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.

Earnings

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.

Past Earnings Performance

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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Posted In: EarningsBZI-Recaps
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