Driving Up Business: Driven Brands reports 42 percent Q1 revenue growth from last year
Toronto, Ontario — Driven Brands reported on Wednesday that company revenue saw a 42 percent boost in the first quarter of this financial year. That 42 percent equates to $468.3 million in new revenue versus last year. The company also reported that system-wide sales hit $1.3 billion, which represents 26 percent growth when compared to […]
If it Ain’t Broke: LKQ says salvage parts out-performing aftermarket in Q3 earnings report
Toronto, Ontario — LKQ released its third quarter earnings report last Thursday and found that recycled parts are out-performing the aftermarket in revenue. President and CEO Dominick Zarcone believes he knows why. “Salvage parts come from the local markets, right? We buy total loss vehicles locally, we dismantle them locally and then we can distribute […]
Cards on the Table: Axalta expects supply chain disruptions to cost $40 million in lost net sales
Toronto, Ontario — Constraints in the Canadian supply chain continue to put the squeeze on automotive suppliers as Axalta said that they are expecting a $40 million drop in net sales for Q3 this year. With the microchip shortage and raw material inflation a daily reality for the global automotive industry, Axalta has decided to […]
