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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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