Driven Brands Holdings Inc (NAS:DRVN)
$ 11.15 0.48 (4.5%) Market Cap: 1.83 Bil Enterprise Value: 5.92 Bil PE Ratio: 0 PB Ratio: 2.02 GF Score: 72/100
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Driven Brands Holdings Inc at Bank of America Consumer & Retail Technology Conference Transcript

Mar 08, 2022 / 07:40PM GMT
Release Date Price: $26.37 (+3.98%)
Elizabeth Lane Suzuki
BofA Securities, Research Division - VP

Great. Well, thanks everyone, once again, I'm Liz Suzuki. I'm the senior hardlines retail analyst here at Bank of America.

And I'm joined by the team from Driven Brands. So I've got CEO, Jonathan Fitzpatrick; and CFO, Tiffany Mason. So thank you guys both for joining us today. So first, I was hoping that you could give a little bit of background on Driven and just how the portfolio of what are independently very strong brands all came together.

Jonathan G. Fitzpatrick
Driven Brands Holdings Inc. - President, CEO & Director

Sure. Well, thanks for having us. Good to be in person. Good to shake some hands over the last couple of days. That's been good. We operate 4 operating segments. Our core growth brands are our Car Wash business, which we've been in for about 18 months. We've got about 350 car washes in the United States, all company-owned, about 750 in Europe, which are independently operated, think sort of franchise-light.

We've got our Maintenance segment, which is

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