Driven Brands Q1 revenue rises 8% on higher store count, reiterates FY outlook
Driven Brands Q1 revenue rises 8% on higher store count, reiterates FY outlook
Overview
US automotive services firm's Q1 revenue rose 8% year-over-year on higher store count and sales
Adjusted EPS for Q1 increased to $0.30 from $0.24 a year earlier
Company reiterated its full-year 2026 outlook
Outlook
Driven Brands sees 2026 revenue of ~$1.95 bln to $2.05 bln
Company expects 2026 adjusted EBITDA of ~$430 mln to $460 mln
Driven Brands forecasts 2026 adjusted diluted EPS of ~$1.15 to $1.25
Result Drivers
TAKE 5 PERFORMANCE - Take 5 segment led results with 4.5% same store sales growth, marking 23rd consecutive quarter of growth
STORE EXPANSION - Higher store count, up 5% year-over-year, contributed to revenue and system-wide sales growth
STEADY FRANCHISE CASH FLOW - Company said steady cash flow from franchise brands supported results
Company press release: ID:nBw6D0KYxa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 EPS |
| $0.33 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the personal services peer group is "buy"
Wall Street's median 12-month price target for Driven Brands Holdings Inc is $18.00, about 32.9% above its June 10 closing price of $13.54
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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