2023-05-03 06:48:08 ET
- Driven Brands press release ( NASDAQ: DRVN ): Q1 Non-GAAP EPS of $0.25 beats by $0.02 .
- Revenue of $562.5M (+20.1% Y/Y) beats by $3.79M .
- System-wide sales were $1.5 billion, up 19 percent versus the prior year driven by 9 percent same-store sales growth and 7 percent net store growth.
- FY2023 Outlook : Revenue of approximately $2.35 billion vs. consensus of $2.36 billion; Adjusted EBITDA of approximately $590 million; Adjusted EPS of approximately $1.21 vs. consensus of $1.23.
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Driven Brands Non-GAAP EPS of $0.25 beats by $0.02, revenue of $562.5M beats by $3.79M