Driven brands holdings inc. reports first quarter 2024 results

Charlotte, n.c.--(business wire)--driven brands holdings inc. (nasdaq: drvn) (“driven brands” or the “company”) today reported financial results for the first quarter ending march 30, 2024. for the first quarter, driven brands delivered revenue of $572 million, up 2% versus the prior year. system-wide sales were $1.6 billion, up 7% versus the prior year primarily driven by 0.7% same store sales growth and 144 net new units. net income was $4.3 million or $0.03 per diluted share versus $29.7 mil.
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