Driven Brands Holdings Inc. (NASDAQ: DRVN) saw its stock price surge 5.37% in intraday trading on Tuesday following the release of its first quarter 2025 financial results, which exceeded analyst expectations. The company, which is the largest automotive services provider in North America, reported adjusted earnings per share of $0.27, surpassing the consensus estimate of $0.23.

Revenue for the quarter came in at $516.2 million, beating analyst projections of $502.2 million. The strong performance was largely driven by the company's Take 5 Oil Change business, which delivered revenue growth of 15% and same-store sales growth of 8%. Additionally, Driven Brands reaffirmed its fiscal year 2025 outlook, projecting same-store sales growth of 1-3% and net store growth of approximately 175-200 locations.

Investors were particularly encouraged by the company's ability to maintain its guidance despite economic uncertainties. Jonathan Fitzpatrick, President and CEO, highlighted the resilience of Driven Brands' diversified portfolio, stating, "While the economic environment is fluid, our diversified portfolio, anchored by non-discretionary services, demonstrates resilience and positions us well for the long term." The company's focus on debt reduction and continued growth initiatives also appeared to bolster investor confidence.