Driven Brands Holdings Reports Third Quarter Results

Driven Brands on November 1 reported third quarter revenue of $581 million for the quarter ending September 30, an increase of 12% from the previous year.

System-wide sales totaled $1.6 billion, up 10% from the prior year and driven by 6% same-store sales growth and 6% net store growth. The company added 55 net new stores in the quarter.

“This quarter, we continued to see meaningful growth and strong operational performance across our portfolio excluding our U.S., car wash and glass businesses,” said Jonathan Fitzpatrick, president and CEO.

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