Welcome to our dedicated page for Driven Brands Holdings news (Ticker: DRVN), a resource for investors and traders seeking the latest updates and insights on Driven Brands Holdings stock.
Driven Brands Holdings Inc. reports developments across its North American automotive services platform, including Take 5 Oil Change, Meineke, Maaco, 1-800-Radiator & A/C, Auto Glass Now, CARSTAR, Abra and Fix Auto USA. News commonly covers earnings updates, same-store sales, unit growth, franchise-brand activity, collision repair certifications, auto glass operations and changes to reportable segments.
The company’s recent corporate updates also include the completed sale of its international car wash business, updated segment reporting for Take 5, Franchise Brands and Auto Glass Now, and financial-reporting matters such as restatements, delayed periodic filings, Nasdaq compliance notices and securities litigation developments.
Driven Brands (NASDAQ: DRVN) announced its participation in the upcoming Goldman Sachs 32nd Annual Global Retailing Conference in New York. The company will engage in a fireside chat scheduled for September 4, 2025, at 1:50 p.m. ET.
Investors can access the live webcast through the Events & Presentations page on Driven Brands' Investor Relations website at investors.drivenbrands.com. A replay of the presentation will remain available on the company's IR site for at least 30 days following the event.
Driven Brands (NASDAQ:DRVN) reported Q2 2025 results with revenue of $551.0 million, up 6.2% year-over-year. The company achieved system-wide sales of $1.6 billion, reflecting a 1.7% increase in same-store sales and 3.9% store count growth.
Key financial metrics include net income from continuing operations of $11.8 million ($0.07 per diluted share), compared to $37.2 million in the prior year. The Take 5 segment demonstrated strong performance with 15% revenue growth and 7% same-store sales growth. Following the sale of the U.S. car wash seller note for $113.0 million, the company achieved a pro forma net leverage ratio of 3.9x Adjusted EBITDA.
The company reaffirmed its FY2025 outlook, projecting revenue of $2.05-2.15 billion and Adjusted EBITDA of $520-550 million, with expected same-store sales growth of 1-3% and net store growth of 175-200 locations.
Driven Brands Holdings (NASDAQ: DRVN) has scheduled its second quarter 2025 earnings release and conference call. The company will release its financial results before market opening on August 5, 2025, followed by a management-led conference call at 8:30 a.m. ET.
Investors can access the webcast through the company's Investor Relations website at investors.drivenbrands.com. A recording of the call will remain available for a minimum of three months.
Driven Brands Holdings (NASDAQ: DRVN) has announced its participation in the upcoming Baird 2025 Global Consumer, Technology & Services Conference in New York. The company will engage in a fireside chat scheduled for Tuesday, June 3, 2025, at 10:50 a.m. ET. Investors and interested parties can access the live webcast through Driven Brands' Investor Relations website at investors.drivenbrands.com under the Events & Presentations section. A replay of the presentation will remain available on the company's IR site for a minimum of 30 days following the event.
Driven Brands Holdings (NASDAQ: DRVN) has announced it will release its first quarter 2025 earnings before market opens on May 6, 2025. The company's management will host a conference call at 8:30 a.m. ET on the same day to discuss financial and operating performance. Investors can access the webcast through the company's Investor Relations website at investors.drivenbrands.com, with a replay available for at least three months.
Driven Brands Holdings Inc. (NASDAQ: DRVN) has completed the sale of its U.S. car wash business to Whistle Express Car Wash. The transaction includes approximately $255 million in cash and a $130 million negotiable interest-bearing seller note, subject to post-closing adjustments.
The company plans to use the cash proceeds to reduce debt, targeting a net leverage of 3x or less by the end of 2026. The U.S. car wash business results will be reported as discontinued operations in fiscal year 2025.
As of Fiscal Year 2024, Driven Brands operated 5,200 locations across 14 countries, servicing approximately 70 million vehicles. The network generated approximately $2.3 billion in annual revenue from $6.5 billion in system-wide sales.
Driven Brands Holdings (NASDAQ: DRVN) has announced a significant change in its segment reporting structure, effective Q1 2025. The new structure features Take 5 Oil Change as a standalone segment, highlighting its position as the company's primary growth driver. Additionally, the company has consolidated its franchise businesses into a single segment.
According to CFO Mike Diamond, this realignment better reflects their operational management and value creation drivers. The restructuring emphasizes Driven Brands' dual business model: growth through Take 5 Oil Change and free cash flow generation from franchise brands. The company has recast its quarterly segment financial information for fiscal year 2024 to align with the new structure, though this change does not affect consolidated historical U.S. GAAP financial results.
Driven Brands Holdings (NASDAQ: DRVN) has announced its participation in the Bank of America 2025 Consumer & Retail Conference in Miami. The company's fireside chat is scheduled for Tuesday, March 11, 2025, at 9:40 a.m. ET.
The event will be accessible through a live webcast on the company's Investor Relations website at investors.drivenbrands.com and will remain available for replay for at least 30 days following the presentation.
As North America's largest automotive services company, Driven Brands operates approximately 5,200 locations across 14 countries, serving around 70 million vehicles annually. The company's portfolio includes prominent brands such as Take 5 Oil Change, Meineke Car Care Centers, Maaco, and CARSTAR. The network generates approximately $2.3 billion in annual revenue from $6.5 billion in system-wide sales.
Driven Brands (NASDAQ: DRVN) reported its fourth quarter and fiscal year 2024 results, with annual revenue increasing 2% to $2.3 billion, driven by 1% same-store sales growth and 4% net store growth. System-wide sales rose 4% to $6.5 billion. The company reported a net loss of $292 million ($1.82 per diluted share) for fiscal 2024, compared to a $745 million loss in 2023. Adjusted EBITDA grew 7% to $553 million, while Adjusted Net Income was $186 million ($1.14 per diluted share).
The company announced a definitive agreement to sell its U.S. car wash business to Whistle Express Car Wash. Take 5 Oil Change, Driven's flagship brand, delivered 16% revenue growth and 7% same-store sales growth for the year. The company also announced a CEO transition, with Daniel Rivera appointed as President and CEO effective May 9, 2025, while current CEO Jonathan Fitzpatrick will become Non-Executive Chair.
For fiscal year 2025, Driven Brands expects same-store sales growth of 1-3% and net store growth of approximately 175-200 locations.