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Dec 28, 2024
Driven Brands Q4 2024 Earnings Report
Driven Brands reported a 2% increase in revenue for Q4 2024, driven by same-store sales growth and net new units, despite a net loss.
Key Takeaways
Driven Brands reported a 2% increase in revenue to $564 million for the fourth quarter of 2024. System-wide sales increased by 5%, driven by same-store sales growth of 3% and the addition of 191 net new units. However, the company reported a net loss of $312 million, or $1.94 loss per diluted share.
Revenue increased by 2% to $564 million.
System-wide sales grew by 5% to $1.6 billion, driven by a 3% increase in same-store sales.
Net loss was $312 million, or $1.94 loss per diluted share.
Adjusted EBITDA increased by 5% to $131 million.
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
Driven Brands provided its outlook for fiscal year 2025, excluding the U.S. car wash business.
Positive Outlook
- Revenue ~$2.05 - $2.15 billion
- Adjusted EBITDA ~$520 - $550 million
- Adjusted EPS ~$1.15 - $1.25
- Same-store sales growth of 1% - 3%
- Net store growth of approximately 175 - 200