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Mar 27, 2021
Driven Brands Q1 2021 Earnings Report
Driven Brands' Q1 2021 performance was marked by strong revenue growth, positive same-store sales, and increased adjusted earnings per share.
Key Takeaways
Driven Brands Holdings Inc. reported strong first-quarter results with an 83% increase in revenue to $329.4 million and a 0.5% increase in consolidated same-store sales. Adjusted earnings per share increased by 138% to $0.19. The company raised its fiscal year 2021 guidance, reflecting confidence in continued growth and operating performance.
Revenue increased by 83% year-over-year, driven by acquisitions and organic growth.
System-wide sales reached a record $1.0 billion, a 28% increase year-over-year.
Adjusted earnings per share increased by 138% year-over-year to $0.19.
Consolidated same-store sales increased by 0.5% for the quarter.
Driven Brands
Driven Brands
Driven Brands Revenue by Segment
Revenue by Segment
Franchise royalties and fees Revenue
CapyFin.comCompany-operated store sales Revenue
CapyFin.comIndependently-operated store sales Revenue
CapyFin.comAdvertising contributions Revenue
CapyFin.comSupply and other Revenue
CapyFin.com Forward Guidance
The Company has raised its guidance for fiscal year 2021 to account for the strong operating performance in the first quarter.
Positive Outlook
- Revenue of approximately $1.3 billion
- Adjusted EBITDA of approximately $305 million
- Adjusted Earnings per Share of approximately $0.65
- Positive same-store sales growth across all segments
- Net Store Growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income