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CHARLOTTE, N.C. - Driven Brands Holdings Inc. (NASDAQ:DRVN) reported better-than-expected first quarter results and reaffirmed its full-year 2025 guidance on Tuesday.
The company’s shares were up 1.27% in premarket trading following the release.
The automotive services company posted adjusted earnings per share of $0.27, surpassing analyst estimates of $0.24. Revenue for the quarter came in at $516.2 million, exceeding the consensus forecast of $500.76 million and representing a 7% increase YoY.
"We delivered another strong quarter, led by the sustained momentum of our Take 5 Oil Change business, which achieved its 19th consecutive quarter of same store sales growth," said Jonathan Fitzpatrick, President and CEO.
System-wide sales increased 2% to $1.5 billion, driven by a 1% rise in same store sales and a 4% increase in store count compared to the prior year. The company’s Take 5 Oil Change segment was a standout performer, delivering 15% revenue growth and 8% same store sales growth.
For fiscal year 2025, Driven Brands reaffirmed its outlook, projecting revenue of $2.05-$2.15 billion and adjusted earnings per share of $1.15-$1.25. This guidance aligns with analyst expectations of $2.1 billion in revenue and $1.21 in EPS.
The company also expects same store sales growth of 1-3% and net store growth of approximately 175-200 locations for the year.
"While the economic environment is fluid, our diversified portfolio, anchored by non-discretionary services, demonstrates resilience and positions us well for the long term," Fitzpatrick added.
Driven Brands completed the divestiture of its U.S. car wash business in April 2025, using the proceeds primarily to reduce debt.
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