Driven Brands Earnings Reports

Driven Brands delivered a strong third quarter in 2025, with total revenue increasing by 6.6% to $535.7 million and system-wide sales growing by 4.7% to $1.6 billion. The company achieved its 19th consecutive quarter of same-store sales growth, largely fueled by a 7% increase in Take 5 same-store sales. Net income from continuing operations significantly improved to $60.9 million, and adjusted diluted EPS rose to $0.34.

Driven Brands delivered a strong second quarter performance with revenue increasing by 6.2% to $551.0 million and system-wide sales growing by 3.1% to $1.6 billion. The company maintained consistent results across key financial metrics, including adjusted EBITDA and adjusted EPS, and continued its debt reduction strategy, achieving a pro forma net leverage ratio of 3.9x Adjusted EBITDA. The Take 5 segment was a standout performer, achieving its 20th consecutive quarter of same store sales growth.

Driven Brands reported a 7% increase in revenue for the first quarter of 2025, reaching $516.2 million. Net income rose to $6 million or $0.04 per diluted share, compared to $4 million or $0.02 per diluted share in the prior year. Adjusted Net Income was $44 million or $0.27 per diluted share. Adjusted EBITDA increased by 2% to $125 million. The company also completed the divestiture of its U.S. car wash business.

Driven Brands reported a 2% increase in revenue to $564 million for the fourth quarter of 2024. System-wide sales increased by 5%, driven by same-store sales growth of 3% and the addition of 191 net new units. However, the company reported a net loss of $312 million, or $1.94 loss per diluted share.

Driven Brands reported Q3 2024 revenue of $592 million, a 2% increase year-over-year. System-wide sales grew by 2% to $1.6 billion, driven by same-store sales growth of 1.1% and 56 net new units. The company posted a net loss of $14.9 million, but adjusted EBITDA increased by 14% to $138.8 million.

Driven Brands reported a 1% increase in revenue to $612 million compared to the prior year. System-wide sales also increased by 1% to $1.7 billion, driven by same-store sales growth of 0.5% and the addition of 115 net new units. Net income was $30.2 million, or $0.18 per diluted share, while adjusted EBITDA increased by 4% to $152.2 million.

Driven Brands reported a 2% increase in revenue to $572 million for Q1 2024. System-wide sales increased by 7% to $1.6 billion, driven by 0.7% same store sales growth and 144 net new units. Net income was $4.3 million, and Adjusted EBITDA was $131.0 million, up 6% versus the prior year.

Driven Brands reported a revenue of $553.7 million for Q4 2023, a 3% increase compared to the prior year. System-wide sales increased by 3% to $1.5 billion, driven by a 4% growth in same-store sales. The company reported a net loss of $13.1 million, or $0.08 per diluted share, compared to a net income of $27.4 million, or $0.16 per diluted share, in the prior year. Adjusted EPS was $0.19, a decrease of 24% from the prior year.

Driven Brands reported a 12% increase in revenue to $581.0 million for Q3 2023. System-wide sales increased by 10% to $1.6 billion, driven by a 6% increase in same-store sales growth and a 6% increase in net store growth. The company experienced a net loss of $799.3 million due to non-cash goodwill and asset impairment charges.

Driven Brands reported a 19% increase in revenue to $606.9 million for Q2 2023, driven by strong same-store sales and net store growth. Net income increased to $37.7 million, compared to a net loss in the prior year. The company is updating its full-year guidance due to weaker than anticipated performance in the Car Wash segment and U.S. glass business.

Driven Brands Holdings Inc. reported a 20% increase in revenue to $562.5 million for the first quarter, driven by a 9% increase in same-store sales and a 7% increase in net store growth. Net income decreased by 14% to $29.7 million, or $0.17 per diluted share. The company reaffirms its fiscal year 2023 guidance.

Driven Brands reported a strong fourth quarter with a 38% increase in revenue to $539.7 million and an 11% increase in consolidated same-store sales. Net income increased to $27.4 million, or $0.16 per diluted share, and Adjusted EBITDA increased to $130.5 million.

Driven Brands reported a strong third quarter with a 39% increase in revenue to $516.6 million, driven by a 11.9% increase in consolidated same-store sales and net store growth. Net income increased by 16% to $38.4 million, and the company raised its full-year guidance.

Driven Brands reported a strong second quarter with a 36% increase in revenue to $508.6 million. Consolidated same-store sales increased by 13.2%, and the company added 80 net new stores. Adjusted earnings per diluted share were $0.35. The company has raised its fiscal year 2022 guidance.

Driven Brands Holdings Inc. reported a 42% increase in revenue to $468.3 million for the first quarter, driven by same-store sales and net store growth. The company added 114 net new stores and saw a 15.6% increase in consolidated same-store sales. Earnings per diluted share were $0.20, while adjusted earnings per diluted share were $0.28, a 47% increase year-over-year.

Driven Brands reported a 36% increase in revenue to $391.9 million for the fourth quarter of 2021. System-wide sales increased by 26% to $1.2 billion, with a 6% net store growth and a 16.4% increase in consolidated same-store sales. The company reported a loss per diluted share of $(0.23), impacted by a one-time transaction expense. Adjusted earnings per diluted share was $0.18 for the fourth quarter.

Driven Brands reported a strong third quarter with a 39% increase in revenue to $371.1 million. Consolidated same-store sales grew by 12.8%, and the company added 53 net new stores. Net income increased by 712% to $33.1 million, and adjusted earnings per share increased by 30% to $0.26. The company raised its fiscal year 2021 guidance.

Driven Brands Holdings Inc. reported a substantial increase in revenue and earnings per share for the second quarter of 2021. Revenue increased by 123% compared to the previous year, driven by the acquisition of ICWG and organic growth across all segments. The company added 70 net new stores and saw a significant increase in consolidated same-store sales. Driven Brands raised its fiscal year 2021 guidance due to the strong operating performance.

Driven Brands Holdings Inc. reported strong first-quarter results with an 83% increase in revenue to $329.4 million and a 0.5% increase in consolidated same-store sales. Adjusted earnings per share increased by 138% to $0.19. The company raised its fiscal year 2021 guidance, reflecting confidence in continued growth and operating performance.

Driven Brands Holdings Inc. reported strong fourth-quarter results, with a 58% increase in revenue to $288.5 million and a 24% increase in system-wide sales to $935.1 million. The company added 42 net new stores and experienced a decline in same-store sales of 3.4%. The acquisition of ICWG significantly contributed to the revenue growth.