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Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2024 Results

1. Fiscal 2024 revenue rose 2% with 4% boost in system-wide sales. 2. Company incurred a $292M net loss, challenging profitability.

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+6.85%Current Return
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-0.59%S&P 500
$15.3202/25 07:49 AM EDTEvent Start
$16.3702/26 02:26 PM EDTLatest Updated
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FAQ

Why Neutral?

While modest revenue and sales growth are positive, the significant net loss casts doubt on near-term profitability. Historical earnings releases with mixed results have often led to muted overall price reactions.

How important is it?

The mixed financial results are moderately important as they may drive short-term volatility, though they do not drastically alter long-term fundamentals.

Why Short Term?

Earnings reports typically affect stock prices immediately; long-term trends depend on subsequent strategic actions and market sentiment.

Related Companies

CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the fourth quarter and fiscal year ending December 28, 2024. For fiscal year 2024, Driven Brands delivered revenue of $2.3 billion, an increase of 2% versus the prior year. System-wide sales increased 4% to $6.5 billion, driven by a 1% increase in same-store sales and 4% increase in store count. Net loss for fiscal 2024 was $292 million or $1.82 lo.

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