Driven Brands beats Q2 adjusted EPS expectations, keeps FY view
DRVN•Result drivers
- STORE EXPANSION - Co said system-wide sales growth was driven by a 5% increase in store count and positive same store sales growth
- TAKE 5 PERFORMANCE - Take 5 segment delivered 3.6% same store sales growth, marking 24 consecutive quarters of growth
- NON-RECURRING COSTS - Adjusted EBITDA was impacted by $11.8 mln in restatement-related, non-recurring costs
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the personal services peer group is "buy"
- Wall Street's median 12-month price target for Driven Brands Holdings Inc. is $17.00, about 16.4% above its August 5 closing price of $14.61
- The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Quarterly results
- US automotive services firm's Q2 revenue rose 7% yr/yr
- Adjusted EPS for Q2 beat analyst expectations
- Company reiterates 2026 outlook, expects adjusted EBITDA at low end of range
