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Driven Brands Holdings Inc. (DRVN) Reports Q4 Earnings: What Key Metrics Have to Say
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Driven Brands Holdings Inc. (DRVN - Free Report) reported $553.68 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.6%. EPS of $0.19 for the same period compares to $0.25 a year ago.
The reported revenue represents a surprise of -2.26% over the Zacks Consensus Estimate of $566.46 million. With the consensus EPS estimate being $0.18, the EPS surprise was +5.56%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Driven Brands Holdings Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same-store sales: 3.9% compared to the 4% average estimate based on five analysts.
Store Count - Maintenance: 1,786 compared to the 1,790 average estimate based on four analysts.
Store Count - Car Wash: 1,108 versus 1,124 estimated by four analysts on average.
Total Store Count: 4,988 compared to the 5,060 average estimate based on four analysts.
Revenue- Supply and other revenue: $73.27 million compared to the $73.35 million average estimate based on four analysts. The reported number represents a change of +6.7% year over year.
Revenue- Advertising contributions: $25.30 million versus the four-analyst average estimate of $25.13 million. The reported number represents a year-over-year change of +5.7%.
Revenue- Independently-operated store sales: $38.75 million versus $37.63 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.
Revenue- Company-operated store sales: $366.67 million versus $384.70 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
Revenue- Franchise royalties and fees: $49.69 million versus $44.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.
Revenue- Corporate / Other: $6.70 million versus $6.54 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19.3% change.
Revenue- Platform Services: $50.70 million versus the three-analyst average estimate of $46.46 million. The reported number represents a year-over-year change of +5.6%.
Revenue- Paint, Collision and Glass: $117 million versus $141.82 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.7% change.
Shares of Driven Brands Holdings Inc. have returned +11.1% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Driven Brands Holdings Inc. (DRVN) Reports Q4 Earnings: What Key Metrics Have to Say
Driven Brands Holdings Inc. (DRVN - Free Report) reported $553.68 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.6%. EPS of $0.19 for the same period compares to $0.25 a year ago.
The reported revenue represents a surprise of -2.26% over the Zacks Consensus Estimate of $566.46 million. With the consensus EPS estimate being $0.18, the EPS surprise was +5.56%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Driven Brands Holdings Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Same-store sales: 3.9% compared to the 4% average estimate based on five analysts.
- Store Count - Maintenance: 1,786 compared to the 1,790 average estimate based on four analysts.
- Store Count - Car Wash: 1,108 versus 1,124 estimated by four analysts on average.
- Total Store Count: 4,988 compared to the 5,060 average estimate based on four analysts.
- Revenue- Supply and other revenue: $73.27 million compared to the $73.35 million average estimate based on four analysts. The reported number represents a change of +6.7% year over year.
- Revenue- Advertising contributions: $25.30 million versus the four-analyst average estimate of $25.13 million. The reported number represents a year-over-year change of +5.7%.
- Revenue- Independently-operated store sales: $38.75 million versus $37.63 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.
- Revenue- Company-operated store sales: $366.67 million versus $384.70 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
- Revenue- Franchise royalties and fees: $49.69 million versus $44.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.
- Revenue- Corporate / Other: $6.70 million versus $6.54 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19.3% change.
- Revenue- Platform Services: $50.70 million versus the three-analyst average estimate of $46.46 million. The reported number represents a year-over-year change of +5.6%.
- Revenue- Paint, Collision and Glass: $117 million versus $141.82 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.7% change.
View all Key Company Metrics for Driven Brands Holdings Inc. here>>>Shares of Driven Brands Holdings Inc. have returned +11.1% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.