Driven Brands Holdings Inc. Reports First Quarter 2026 Results

About this update from Driven Brands Holdings Inc.

Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the first quarter ending March 28, 2026. For the first quarter, Driven Brands delivered revenue of $484.4 million, an increase of 8% versus the prior year. System-wide sales increased 6% to $1.6 billion, driven by a 2% increase in same store sales and 5% increase in store count versus the prior year. Net income from continuing operations was $23.8 million or $0.14 per diluted share versus $13.5 million or $0.08 per diluted share in the prior year. Adjusted Net Income1 was $49.0 million or $0.30 per diluted share versus $38.8 million or $0.24 per diluted share in the prior year. Adjusted EBITDA1, which included $9.1 million of restatement-related, non-recurring costs, was $104.1 million, an increase of 2% versus the prior year. “Driven Brands delivered a solid start to 2026, with growth across revenue, Adjusted EBITDA and Adjusted EPS,” said Danny Rivera, President and Chief Executive Officer. “Take 5 once again led performance, delivering 4.5% same store sales growth in the quarter and marking its 23rd consecutive quarter of growth. We also continued to make meaningful progress reducing leverage and strengthening our balance sheet.” “We are reiterating our full-year 2026 outlook based on the results we have delivered to date. Our focus remains on scaling Take 5, generating steady cash flow from our franchise brands, and deleveraging toward our 3x net leverage target. While there is still work ahead, our non-discretionary portfolio is built for consistency, and our team continues to execute against the priorities that can deliver long-term shareholder value,” Rivera concluded. Note: Prior-period financial information presented herein reflects results inclusive of restatement corrections and has been recast for discontinued operations for the applicable periods. Cash flow statements have not been recast to reflect the impact of discontinued operations. First Quarter 2026 Key Performance Indicators by Segment   System-wide Sales (in millions) Store Count Same Store Sales Revenue (in millions) Adjusted EBITDA (in millions) Take 5 $ 441.7 1,371 4.5 % $ 323.2 $ 109.5   Franchise Brands   1,061.6   2,704   0.9 %   69.4     41.4   Auto Glass Now   62.9   206   7.2 %   63.1    ...

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