Driven Brands Holdings Inc. (DRVN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

You may begin. good morning welcome to driven brands first quarter 2026 earnings conference call the earnings release and net leverage ratio reconciliation are available for download on our website at investors.drivenbrands.com on the call with me today are danny rivera president and chief executive officer and mike diamond executive vice president and chief financial officer in a moment danny and mike will walk you through our financial and operating performance for the quarter Before we begin our remarks, I would like to remind you that management will refer to certain non-GAAP financial measures. You can find the reconciliations to the most directly comparable GAAP financial measures on the company's investor relations website and in its filings with the Securities and Exchange Commission. During this call, we will also make forward-looking statements regarding our current plans, beliefs, and expectations. These statements are not guarantees of future performance and are subject to a number of risks and uncertainties and other factors that could cause actual results and events to differ materially from results and events contemplated by these forward-looking statements. Please see our earnings release and our filings with the Securities and Exchange Commission for more information. Today's prepared remarks will be followed by question and answer session. We ask that you limit yourself to one question and one follow-up. Now, I'll turn the call over to Danny. Good morning, and thank you for joining us to discuss Driven Brands' 2026 first quarter results. Q1 was a solid quarter for Driven as we continued to execute our growth and cash strategy. For the quarter, we grew system-wide sales 6%, revenue 8%, same-store sales 2%, and adjusted EBITDA 2%, while delivering adj...