Reports Q4 revenue $553.68M, consensus $571.02M. Reports 4% same-store sales growth in Q4. “We are happy to announce that we delivered on our updated 2023 outlook for all financial metrics, while also pivoting our strategy and adapting to the dynamic market. In the fourth quarter, our performance was driven by strong execution in our Maintenance segment, specifically in our industry-leading Take 5 Oil Change business, and we’re encouraged by the progress made in our U.S. Glass and U.S. Car Wash businesses,” said Jonathan Fitzpatrick, president and CEO.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DRVN:
- Driven Brands assumed with an Overweight at JPMorgan
- 3 Best Stocks to Buy Now, 1/24/2024, According to Top Analysts
- Driven Brands downgraded to Equal Weight from Overweight at Morgan Stanley
- The hardlines and leisure stocks to own in 2024, according to Piper Sandler
- SHAREHOLDER ALERT: Potential Recovery for Driven Brands Holdings Inc. (DRVN) Investors
