Quarterly ResultJun 11, 2026, 05:16 PM
Driven Brands Q1 Net Income Soars to $54.83M; Revenue Up to $484.44M
AI Summary
Driven Brands Holdings Inc. reported a substantial increase in net income for the first quarter of 2026, reaching $54.83 million compared to $9.93 million in the prior year. Net revenue grew to $484.44 million from $447.61 million year-over-year. The company also reported a significant gain on the sale of discontinued operations. The filing also details restatements for prior periods due to identified errors, impacting the comparative figures for the three months ended March 29, 2025.
Key Highlights
- Driven Brands reported net income of $54.83 million for the three months ended March 28, 2026, a significant increase from $9.93 million in the prior year period.
- Net revenue for the three months ended March 28, 2026, was $484.44 million, up from $447.61 million in the same period last year.
- Operating income increased to $67.44 million from $54.76 million year-over-year.
- Basic earnings per share (EPS) for the period was $0.33, compared to $0.06 in the prior year.
- Diluted EPS also rose to $0.33 from $0.06 year-over-year.
- The company reported a gain on sale of discontinued operations of $29.29 million.
- Total assets decreased to $3.46 billion as of March 28, 2026, from $4.16 billion as of December 27, 2025.
Price Impact
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