DRVN Q1 2023 Earnings — Driven Brands Holdings Inc. Revenue & Financial Results | Market Cap Arena

DRVNDriven Brands Holdings Inc.

$2B

Q1 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$562M+20.1% YoY

Gross Profit

$290M51.5% margin

Operating Income

$77M13.7% margin

Net Income

$30M5.3% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$37M

Free Cash Flow

-$132M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$6.7B

Total Liabilities

$5.0B

Stockholders' Equity

$1.7B

Cash & Equivalents

$191M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$562M	$468M	+20.1%
Gross Profit	$290M	$257M	+12.7%
Operating Income	$77M	$74M	+4.7%
Net Income	$30M	$34M	-13.6%

Revenue Segments

Company-Operated Store Sales

$376M67%

Supply And Other

$69M12%

Independently-Operated Store Sales

$53M9%

Franchise And Royalty

$44M8%

Advertising

$22M4%