Driven Brands Hldgs Q2 Adj EPS $0.29 Misses $0.30 Estimate, Sales $606.85M Beat $590.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Driven Brands Hldgs (NASDAQ:DRVN) reported Q2 adjusted earnings of $0.29 per share, missing the analyst consensus estimate of $0.30 by 3.33%. This is a 17.14% decrease from the same period last year. However, the company reported quarterly sales of $606.85 million, beating the analyst consensus estimate of $590.38 million by 2.79%, a 19.31% increase from last year.
August 04, 2023 | 10:53 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Driven Brands' Q2 earnings missed estimates but sales exceeded expectations. Earnings were down 17.14% YoY, while sales were up 19.31% YoY.
The mixed Q2 results, with earnings missing estimates but sales beating, could lead to neutral short-term impact on DRVN's stock. The decrease in earnings might be a concern for investors, but the strong sales growth could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100