DRVN Q2 2024 Earnings — Driven Brands Holdings Inc. Revenue & Financial Results | Market Cap Arena

DRVNDriven Brands Holdings Inc.

$2B

Q2 2024 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$519M-14.5% YoY

Gross Profit

$268M51.6% margin

Operating Income

$90M17.4% margin

Net Income

$30M5.8% margin

EPS (Diluted)

$0.18

QoQ Revenue Growth

+7.6%

Cash Flow

Operating Cash Flow

$47M

Free Cash Flow

-$19M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$5.8B

Total Liabilities

$4.9B

Stockholders' Equity

$943M

Cash & Equivalents

$149M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$519M	$607M	-14.5%
Gross Profit	$268M	$318M	-15.8%
Operating Income	$90M	$98M	-7.7%
Net Income	$30M	$38M	-20.1%

Revenue Segments

Company-Operated Store Sales

$395M65%

Supply And Other

$82M13%

Independently-Operated Store Sales

$60M10%

Franchise And Royalty

$50M8%

Advertising

$25M4%