Driven Regulatory Tuesday, May 19, 2026 -0.30 Negative

Driven Brands restates prior-period financials; FY2025 revenue up 6.3% to $1.9B

Driven Brands restated financial results for fiscal 2024-2025 due to corrections in lease accounting, cash, payables, and other items, while reporting FY2025 revenue growth of 6.3% and Take 5 same-store sales growth of 3.7%. The restatement raises internal control concerns, though the company targets 3.0x net leverage by year-end 2026 and projects Take 5 Q1 2026 same-store sales growth of 4.3-4.5%.

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