Compared to Estimates, Driven Brands Holdings (DRVN) Q3 Earnings: A Look at Key Metrics

Core Insights - Driven Brands Holdings Inc. reported revenue of $591.68 million for the quarter ended September 2024, reflecting a year-over-year increase of 1.8% and an EPS of $0.26, up from $0.20 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $603.84 million, resulting in a surprise of -2.01%, while the EPS exceeded expectations by 13.04% compared to the consensus estimate of $0.23 [1] Financial Performance Metrics - Same-store sales were reported at 1.1%, matching the average estimate from five analysts [3] - The maintenance store count was 1,899, slightly below the estimated 1,903 [3] - The car wash store count was 1,107, also below the estimate of 1,110 [3] - Total store count reached 5,109, compared to the estimated 5,122 [3] - Supply and other revenue was $77.29 million, below the average estimate of $81.05 million, but showed a year-over-year increase of 4.6% [3] - Advertising contributions were $26.82 million, slightly below the estimate of $27.87 million, with a year-over-year decrease of 1.1% [3] - Independently-operated store sales were $49.96 million, exceeding the estimate of $43.27 million, representing a significant year-over-year increase of 14.6% [3] - Company-operated store sales were $388.13 million, below the estimate of $402.65 million, with a minor year-over-year decrease of 0.2% [3] - Franchise royalties and fees were $49.48 million, below the estimate of $51.04 million, but showed a year-over-year increase of 4.5% [3] - Corporate/Other revenue was $10.10 million, exceeding the estimate of $8.41 million, with a year-over-year increase of 18.8% [3] - Platform Services revenue was $52.20 million, below the estimate of $62.27 million, reflecting a year-over-year decrease of 6.6% [3] - Revenue from Paint, Collision, and Glass was $109 million, below the estimate of $116.99 million, with a significant year-over-year decrease of 15.8% [3] Stock Performance - Shares of Driven Brands Holdings have returned -4.1% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]