Driven Brands Holdings Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 432.62 million compared to USD 381.68 million a year ago. Revenue was USD 581.03 million compared to USD 516.59 million a year ago. Net loss was USD 799.31 million compared to net income of USD 38.39 million a year ago. Basic loss per share from continuing operations was USD 4.82 compared to basic earnings per share from continuing operations of USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 4.83 compared to diluted earnings per share from continuing operations of USD 0.23 a year ago.
For the nine months, sales was USD 1,317.33 million compared to USD 1,115.99 million a year ago. Revenue was USD 1,750.35 million compared to USD 1,493.54 million a year ago. Net loss was USD 731.81 million compared to net income of USD 15.79 million a year ago. Basic loss per share from continuing operations was USD 4.4 compared to basic earnings per share from continuing operations of USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 4.41 compared to diluted earnings per share from continuing operations of USD 0.09 a year ago.