DRVN Q1 2024 Earnings — Driven Brands Holdings Inc. Revenue & Financial Results | Market Cap Arena

DRVNDriven Brands Holdings Inc.

$2B

Q1 2024 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$482M-14.3% YoY

Gross Profit

$283M58.8% margin

Operating Income

$68M14.1% margin

Net Income

$4M0.9% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

-12.9%

Cash Flow

Operating Cash Flow

$60M

Free Cash Flow

-$29M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$5.9B

Total Liabilities

$5.0B

Stockholders' Equity

$906M

Cash & Equivalents

$166M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$482M	$562M	-14.3%
Gross Profit	$283M	$290M	-2.2%
Operating Income	$68M	$77M	-11.8%
Net Income	$4M	$30M	-85.7%

Revenue Segments

Company-Operated Store Sales

$374M65%

Supply And Other

$76M13%

Independently-Operated Store Sales

$53M9%

Franchise And Royalty

$45M8%

Advertising

$24M4%