DRVN news

Driven Brands Holdings established a long-term debt target of 2-3x and approved a $100M share repurchase program. The company previously achieved its 3x leverage target ahead of schedule.

Driven Brands reported $507.4M in Q2 revenue, matching or beating prior year results across its segments due to strong system sales.

Driven Brands reported first-quarter revenue of $484.4 million with 2% same-store sales growth and improved net leverage to 3.2x Adjusted EBITDA. The company reiterated full-year 2026 guidance, driven by strong performance at its Take 5 oil change subsidiary and continued deleveraging progress.

Driven Brands received a notice from Nasdaq on June 1, 2026 indicating non-compliance with listing rules due to delayed filing of its Q1 2026 Form 10-Q, which was caused by a previously announced financial restatement. The company has until July 31, 2026 to submit a compliance plan and potentially u…

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 target…