Brief: Driven Brands Holdings Inc. Reports Strong Third Quarter Results Raises Full Year Guidance Reflecting Outperformance

Driven Brands Holdings

26/10/2022 12:03

Oct 26 (Reuters) - Driven Brands Holdings Inc  DRVN.O :
    * . REPORTS STRONG THIRD QUARTER RESULTS; RAISES FULL YEAR
GUIDANCE REFLECTING OUTPERFORMANCE
    * Q3 SAME STORE SALES ROSE 11.9 PERCENT
    * Q3 EARNINGS PER SHARE $0.23
    * Q3 ADJUSTED EARNINGS PER SHARE $0.32
    * CO HAS RAISED ITS GUIDANCE FOR FISCAL YEAR TO ACCOUNT FOR
ITS
STRONG OPERATING PERFORMANCE AND M&A ACTIVITY IN Q3 OF 2022
    * SEES FOR FY 2022 REVENUE OF APPROXIMATELY $2.0 BILLION
    * SEES FOR FY 2022 ADJUSTED EARNINGS PER SHARE OF
APPROXIMATELY
$1.21
    * Q3 EARNINGS PER SHARE VIEW $0.27 -- REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW $1.19, REVENUE VIEW $2.02
BILLION
-- REFINITIV IBES DATA

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