Driven Brands Holdings (DRVN) Restructuring Costs (2020 - 2024)
Driven Brands Holdings (DRVN) posted Restructuring Costs of $1.5 million for Q3 2024, up 444.65% sequentially from $271000.0 in Q2 2024, and up 7.58% YoY from $1.4 million in Q3 2023.
Driven Brands Holdings (DRVN) Restructuring Costs (2020 - 2024) Analysis & Trends
Driven Brands Holdings has reported Restructuring Costs for 5 years, with the latest figure at $1.5 million in Q3 2024.
- Quarterly Restructuring Costs rose 7.58% year-over-year to $1.5 million in Q3 2024, while the trailing twelve-month figure through Sep 2024 was $1.6 million (down 91.23% YoY) and the FY2023 annual result came in at $5.8 million, down 61.9% from the prior year.
- Restructuring Costs climbed to $1.5 million in Q3 2024 per DRVN's latest filing, from $271000.0 in the prior quarter.
- Over five years, Restructuring Costs peaked at $59.7 million in Q4 2021 and troughed at -$1.4 million in Q4 2023.
- A 5-year average of $5.4 million and a median of $1.3 million in 2024 frame the typical range for Restructuring Costs.
- The sharpest annual moves came in 2022 and 2023: Restructuring Costs jumped 758.1% in 2022, then sank 110.71% in 2023.
- Over 5 years, Restructuring Costs stood at $13.8 million in 2020, then surged by 333.92% to $59.7 million in 2021, then plunged by 77.59% to $13.4 million in 2022, then tumbled by 110.71% to -$1.4 million in 2023, then soared by 203.0% to $1.5 million in 2024.
- According to Business Quant data, Restructuring Costs over the past three periods registered $1.5 million, $271000.0, and $1.3 million for Q3 2024, Q2 2024, and Q1 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Uxin | 78.07 Bn | 78.06 Bn | - |
| 2 | Carvana | 51.62 Bn | 48.87 Bn | 1.38 Bn |
| 3 | Penske Automotive | 14.25 Bn | 14.18 Bn | 1.36 Bn |
| 4 | Lithia Motors | 8.52 Bn | 8.16 Bn | 1.50 Bn |
| 5 | Carmax | 8.26 Bn | 7.67 Bn | 854.41 Mn |
| 6 | Autonation | 6.97 Bn | 6.91 Bn | 1.23 Bn |
| 7 | Rush Enterprises Inc \Tx\ | 6.35 Bn | 6.09 Bn | 361.67 Mn |
| 8 | Autozi Internet Technology (Global) | 6.17 Bn | 5.99 Bn | - |
| 9 | Valvoline | 4.21 Bn | 4.13 Bn | 214.90 Mn |
| 10 | Driven Brands Holdings | 2.03 Bn | 1.85 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 28, 2024 | 1.48 Mn |
| Jun 29, 2024 | 271,000.00 |
| Mar 30, 2024 | 1.26 Mn |
| Dec 30, 2023 | -1.43 Mn |
| Sep 30, 2023 | 1.37 Mn |
| Jul 1, 2023 | 1.38 Mn |
| Apr 1, 2023 | 1.85 Mn |
| Dec 31, 2022 | 13.38 Mn |
| Sep 24, 2022 | 2.33 Mn |
| Jun 25, 2022 | 3.34 Mn |
| Mar 26, 2022 | 506,000.00 |
| Dec 25, 2021 | 59.71 Mn |
| Sep 25, 2021 | 636,000.00 |
| Jun 26, 2021 | 389,000.00 |
| Mar 27, 2021 | 289,000.00 |
| Dec 26, 2020 | 13.76 Mn |
| Sep 26, 2020 | 119,000.00 |
| Jun 27, 2020 | 1.02 Mn |
| Mar 28, 2020 | 1.18 Mn |