DRVN Q2 2023 Earnings — Driven Brands Holdings Inc. Revenue & Financial Results | Market Cap Arena

DRVNDriven Brands Holdings Inc.

$2B

Q2 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$607M+19.3% YoY

Gross Profit

$318M52.4% margin

Operating Income

$98M16.1% margin

Net Income

$38M6.2% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+7.9%

Cash Flow

Operating Cash Flow

$78M

Free Cash Flow

-$73M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$6.8B

Total Liabilities

$5.1B

Stockholders' Equity

$1.7B

Cash & Equivalents

$212M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$607M	$509M	+19.3%
Gross Profit	$318M	$287M	+10.8%
Operating Income	$98M	-$36M	+373.5%
Net Income	$38M	-$57M	+166.2%

Revenue Segments

Company-Operated Store Sales

$395M65%

Supply And Other

$76M13%

Independently-Operated Store Sales

$62M10%

Franchise And Royalty

$50M8%

Advertising

$25M4%