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Mar 29, 2025
Driven Brands Q1 2025 Earnings Report
Reported financial results for the first quarter ending March 29, 2025.
Key Takeaways
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.
Achieved 17th consecutive quarter of same store sales growth.
Take 5 Oil Change business delivered 15% revenue growth and 8% same store sales growth.
Successfully completed the divestiture of the U.S. car wash business in April 2025.
Reaffirmed fiscal year 2025 financial outlook.
Revenue by Segment
Forward Guidance
The company reaffirms its fiscal year 2025 financial outlook, excluding the impact of potential M&A and divestitures other than the completed sale of the U.S. car wash business.
Positive Outlook
- Reaffirms fiscal year 2025 revenue outlook of ~$2.05 - $2.15 billion.
- Reaffirms fiscal year 2025 Adjusted EBITDA outlook of ~$520 - $550 million.
- Reaffirms fiscal year 2025 Adjusted Diluted EPS outlook of ~$1.15 - $1.25.
- Expects same store sales growth of 1% - 3% for fiscal year 2025.
- Expects net store growth of approximately 175 - 200 for fiscal year 2025.
Challenges Ahead
- Outlook excludes the impact of any potential future M&A.
- Outlook excludes the impact of any potential future divestitures other than the U.S. car wash business sale.
- Forward-looking estimates of non-GAAP measures are not reconciled to GAAP due to uncertainty of reconciling items.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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