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Driven Brands Holdings Inc. Reports Second Quarter 2025 Results

--18th consecutive quarter of same store sales growth--
--Take 5 segment delivers revenue growth of 15% and same store sales growth of 7%--
--Pro forma net leverage ratio of 3.9x Adj. EBITDA post sale of U.S. car wash seller note --
--Reaffirms fiscal year 2025 outlook--
Charlotte, N.C. (August 5, 2025) - Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the second quarter ending June 28, 2025.
For the second quarter, Driven Brands delivered revenue of $551.0 million, an increase of 6.2% versus the prior year. System-wide sales increased 3.1% to $1.6 billion, driven by a 1.7% increase in same store sales and 3.9% increase in store count versus the prior year.
Net income from continuing operations was $11.8 million or $0.07 per diluted share versus net income from continuing operations of $37.2 million or $0.22 per diluted share in the prior year. Adjusted Net Income1 was $59.1 million or $0.36 per diluted share versus $60.4 million or $0.37 per diluted share in the prior year. Adjusted EBITDA1 was $143.2 million, a decrease of $0.2 million versus the prior year.
“In the second quarter, we delivered another strong performance, with consistent results across same store sales, revenue, adjusted EBITDA, and adjusted earnings per share. We continued our disciplined debt reduction strategy and achieved pro forma net leverage of 3.9x following the sale of the U.S. car wash seller note in July. These results demonstrate the power of our diversified platform and our growth and cash playbook. Take 5 Oil Change remains at the forefront through industry-leading growth, achieving its 20th consecutive quarter of same store sales growth. I'm proud of how our team and franchise partners continue to execute with focus and discipline in this dynamic macro environment,” said Danny Rivera, President and Chief Executive Officer.
“Looking ahead, I am confident in our ability to continue to deliver sustainable growth, as we have the right people, the right model, and the right momentum to win. With Take 5 Oil Change's proven operating model, our franchise brands' consistent cash generation, and our team's focused execution, we're well-positioned to execute on our key priorities of driving continued growth, generating robust free cash flow, and reducing leverage to generate long-term value for our shareholders,” Rivera continued.
Second Quarter 2025 Key Performance Indicators by Segment
System-wide Sales (in millions)
Store Count
Same Store Sales2
Revenue
(in millions)
Adjusted EBITDA
(in millions)
Take 5 $406.6 1,244 6.6 %$304.2 $108.2 
Franchise Brands1,075.2 2,673 (1.5)%74.6 45.4 
Car Wash71.8 718 19.4 %73.4 27.3 
Corporate and Other71.2 214 N/A98.8 (37.7)
Total
$1,624.8 4,849 1.7 %$551.0 $143.2 
    1

Capital and Liquidity
The Company ended the second quarter with total liquidity of $654.8 million consisting of $166.1 million in cash and cash equivalents and $488.7 million of undrawn capacity on its variable funding securitization senior notes and revolving credit facility. This did not include the additional $135.0 million Series 2022 Class A-1 Notes that expand the Company’s variable funding note borrowing capacity if the Company elects to exercise them, assuming certain conditions continue to be met.
Seller Note Divestiture
On July 25, 2025, Driven Brands divested the seller note received in connection with the sale of the former U.S. car wash business for $113.0 million in cash proceeds. Net proceeds were used to pay off all outstanding term loan principal as well as $65.0 million of the drawn balance on its revolving credit facility. The reduction in debt resulted in pro forma net leverage of 3.9x Adjusted EBITDA.
Fiscal Year 2025 Outlook
The Company reaffirms its financial outlook for fiscal year ending December 27, 2025.
2025 Outlook
Revenue
~$2.05 - $2.15 billion
Adjusted EBITDA1
~$520 - $550 million
Adjusted Diluted EPS1
~$1.15 - $1.25
The Company also continues to expect:
•Same store sales growth of 1% - 3%
•Net store growth of approximately 175 - 200

Note: 2025 Outlook excludes the impact of any potential M&A and divestitures other than the completed sale of the U.S. car wash business.
1 Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP financial measures. See “Reconciliation of Non-GAAP Financial Measures” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA and Adjusted EPS are made in a manner consistent with the relevant definitions and assumptions noted herein.
2 The Company does not provide same store sales results for Corporate and Other as it is a non-reportable segment. The same store sales results for any applicable businesses within Corporate and Other are included in the Company’s overall same store sales results.

Conference Call
Driven Brands will host a conference call to discuss second quarter 2025 results today, Tuesday, August 5, at 8:30 a.m. ET. The call will be available by webcast and can be accessed by visiting Driven Brands’ Investor Relations website at investors.drivenbrands.com. A replay of the call will be available for at least three months.

    2

About Driven Brands
Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. Driven Brands has approximately 4,800 locations across the United States and 13 other countries, and services tens of millions of vehicles annually. Driven Brands’ network generates approximately $2.0 billion in annual revenue from approximately $6.2 billion in system-wide sales.

Disclosure Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this Press Release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, trends, plans, objectives of management, impact of accounting standards and outlook, impairments, and expected market growth are forward-looking statements. In particular, forward-looking statements include, among other things, statements relating to: (i) potential post-closing obligations and liabilities relating to the sale of our U.S. car wash business; (ii) the current geopolitical environment, including the impact, both direct and indirect, of government actions, such as proposed and enacted tariffs; (iii) our strategy, outlook, and growth prospects; (iv) our operational and financial targets and dividend policy; (v) general economic trends and trends in the industry and markets; (vi) the risks and costs associated with the integration of, and or ability to integrate, our stores and business units successfully; (vii) the proper application of generally accepted accounting principles, which are highly complex and involve many subjective assumptions, estimates, and judgments; and (viii) the competitive environment in which we operate. Forward-looking statements are not based on historical facts, but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions, and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 28, 2024 as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

Contacts

Shareholder/Analyst inquiries: Media inquiries:
Dawn Francfort Taylor Blanchard
ICR, Inc. taylor.blanchard@drivenbrands.com
investors@drivenbrands.com (704) 644-8129
(203) 682-8200
    3

DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Three Months EndedSix Months Ended
(in thousands, except per share amounts)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Net revenue:
Franchise royalties and fees$49,180 $50,029 $93,890 $95,074 
Company-operated store sales333,280 301,917 647,411 586,146 
Independently-operated store sales71,791 60,280 138,431 113,327 
Advertising contributions27,041 24,911 52,366 48,981 
Supply and other revenue69,696 81,659 135,053 157,260 
Total net revenue550,988 518,796 1,067,151 1,000,788 
Operating Expenses:
Company-operated store expenses190,396 178,677 372,262 348,019 
Independently-operated store expenses38,060 31,956 74,535 61,311 
Advertising expenses27,040 24,911 52,365 48,981 
Supply and other expenses39,359 40,536 74,387 76,752 
Selling, general, and administrative expenses183,118 119,818 326,170 243,629 
Depreciation and amortization34,903 32,824 68,055 63,940 
Total operating expenses512,876 428,722 967,774 842,632 
Operating income 38,112 90,074 99,377 158,156 
Other expenses, net:
Interest expense, net31,359 31,816 67,893 75,567 
Foreign currency transaction (gain) loss, net(12,197)681 (11,987)5,002 
Other expenses, net19,162 32,497 55,906 80,569 
Income before taxes from continuing operations18,950 57,577 43,471 77,587 
Income tax expense7,141 20,360 14,172 28,818 
Net income from continuing operations$11,809 $37,217 $29,299 $48,769 
Gain on sale of discontinued operations, net of tax37,367 — 37,367 — 
Net loss from discontinued operations, net of tax(1,612)(7,058)(13,596)(14,349)
Net income$47,564 $30,159 $53,070 $34,420 
Basic earnings (loss) per share:
Continuing Operations$0.07 $0.22 $0.18 $0.30 
Discontinued Operations 0.22 (0.04)0.15 (0.09)
Net basic earnings per share$0.29 $0.18 $0.33 $0.21 
Diluted earnings (loss) per share:
Continuing Operations$0.07 $0.22 $0.18 $0.30 
Discontinued Operations0.22 (0.04)0.15 (0.09)
Net diluted earnings per share$0.29 $0.18 $0.33 $0.21 
Weighted average shares outstanding
Basic162,833 159,795 161,701 159,713 
Diluted164,150 160,765 162,984 160,683 
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DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands, except share and per share amounts)
June 28, 2025December 28, 2024
Assets
Current assets:
Cash and cash equivalents$166,131 $149,573 
Restricted cash334 358 
Accounts and notes receivable, net213,143 177,654 
Inventory67,165 66,539 
Prepaid and other assets45,481 37,841 
Income tax receivable11,279 14,294 
Advertising fund assets, restricted64,031 49,716 
Assets held for sale64,904 77,616 
Seller note receivable113,000 — 
Current assets of discontinued operations— 83,847 
Total current assets745,468 657,438 
Other assets104,685 125,422 
Property and equipment, net759,495 711,505 
Operating lease right-of-use assets553,128 524,442 
Deferred commissions7,549 7,246 
Intangibles, net662,907 665,896 
Goodwill1,441,595 1,403,056 
Deferred tax assets8,687 8,206 
Non-current assets of discontinued operations— 1,158,576 
Total assets$4,283,514 $5,261,787 
Liabilities and shareholders' equity
Current liabilities:
Accounts payable$118,887 $85,843 
Accrued expenses and other liabilities207,845 193,638 
Income tax payable5,281 6,860 
Current portion of long-term debt282,189 32,232 
Income tax receivable liability22,676 22,676 
Advertising fund liabilities24,200 22,030 
Current liabilities of discontinued operations— 70,616 
Total current liabilities661,078 433,895 
Long-term debt2,094,535 2,656,308 
Deferred tax liabilities96,994 87,485 
Operating lease liabilities525,597 491,282 
Income tax receivable liability110,907 110,935 
Deferred revenue30,162 31,314 
Long-term accrued expenses and other liabilities20,846 20,122 
Non-current liabilities of discontinued operations— 823,112 
Total liabilities3,540,119 4,654,453 
Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding— — 
Common stock, $0.01 par value, 900,000,000 shares authorized: and 164,274,617 and 163,842,248 shares outstanding; respectively
1,643 1,638 
Additional paid-in capital1,720,825 1,699,851 
Accumulated deficit(949,513)(1,002,583)
Accumulated other comprehensive loss(29,560)(91,572)
Total shareholders’ equity 743,395 607,334 
Total liabilities and shareholders' equity$4,283,514 $5,261,787 
5

DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
Six Months Ended
(in thousands)June 28, 2025June 29, 2024
Net income$53,070 $34,420 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization70,281 87,862 
Share-based compensation expense23,078 22,843 
(Gain) loss on foreign denominated transactions(17,630)9,923 
Loss (gain) on foreign currency derivatives5,643 (4,921)
(Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions(27,694)13,406 
Loss on fair value of seller note receivable17,000 — 
Reclassification of interest rate hedge to income(1,033)(1,044)
Bad debt expense9,293 1,738 
Asset impairment charges and lease terminations18,460 2,058 
Amortization of deferred financing costs and bond discounts6,206 4,933 
Amortization of cloud computing9,136 2,414 
Provision for deferred income taxes2,215 5,036 
Other, net(24,230)7,322 
Changes in operating assets and liabilities, net of acquisitions:
Accounts and notes receivable, net(42,397)(47,245)
Inventory773 11,310 
Prepaid and other assets(4,667)7,986 
Advertising fund assets and liabilities, restricted(11,599)(12,220)
Other assets(104)(47,699)
Deferred commissions303 (428)
Deferred revenue(1,164)971 
Accounts payable28,707 3,968 
Accrued expenses and other liabilities43,260 8,022 
Income tax receivable(1,380)(3,431)
Cash provided by operating activities155,527 107,224 
Cash flows from investing activities:
Capital expenditures(118,809)(155,920)
Cash used in business acquisitions, net of cash acquired(6,034)(2,759)
Proceeds from sale leaseback transactions22,810 11,808 
Proceeds from sale or disposal of businesses and fixed assets259,585 112,845 
Cash provided by (used in) investing activities157,552 (34,026)
Cash flows from financing activities:
Payment of debt extinguishment and issuance costs(1,414)(871)
Repayment of long-term debt(305,446)(34,005)
Proceeds from revolving lines of credit and short-term debt65,000 46,000 
Repayment of revolving lines of credit and short-term debt(75,000)(71,000)
Repayment of principal portion of finance lease liability(2,440)(2,199)
Payment of Tax Receivable Agreement— (38,362)
Acquisition of non-controlling interest— (644)
Purchase of common stock— (2)
Tax obligations for share-based compensation(2,582)(980)
Cash used in financing activities(321,882)(102,063)
6

Effect of exchange rate changes on cash5,464 (1,615)
Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted(3,339)(30,480)
Cash and cash equivalents, beginning of period169,954 176,522 
Cash included in advertising fund assets, restricted, beginning of period38,930 38,537 
Restricted cash, beginning of period358 657 
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period209,242 215,716 
Cash and cash equivalents, end of period166,131 148,814 
Cash included in advertising fund assets, restricted, end of period39,438 32,008 
Restricted cash, end of period334 4,414 
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period$205,903 $185,236 
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RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this earnings release to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The Company has provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this earnings release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this earnings release. The non-GAAP financial measures in this earnings release may differ from similarly titled measures used by other companies.

Non-GAAP Financial Measures in Outlook

Driven Brands includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (“Adjusted EBITDA”) and Adjusted Earnings per Share (“Adjusted EPS”) in the Company’s Fiscal Year 2025 Outlook. Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures and have not been reconciled to the most comparable GAAP financial measures because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide an outlook for the comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA and Adjusted EPS are made in a manner consistent with the relevant definitions and assumptions noted herein and in our filings with the SEC.

Adjusted Net Income and Adjusted Earnings Per Share

Adjusted Net Income and Adjusted EPS are considered non-GAAP financial measures under the SEC’s rules because they exclude certain amounts included in the net income attributable to Driven Brands common stockholders and diluted earnings per share attributable to Driven Brands common stockholders calculated in accordance with GAAP. Management believes that Adjusted Net Income and Adjusted EPS are meaningful measures to share with investors because they facilitate comparison of the current period performance with that of the comparable prior period. In addition, Adjusted Net Income and Adjusted EPS afford investors a view of what management considers to be Driven Brands’ core earnings performance as well as the ability to make a more informed assessment of such earnings performance with that of the prior period.
The tables below reflect the calculation of Adjusted Net Income and Adjusted Earnings Per Share for the three and six months ended June 28, 2025, compared to the three and six months ended June 29, 2024.
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Net Income to Adjusted Net Income and Adjusted Earnings Per Share (Unaudited)
Three Months EndedSix Months Ended
(in thousands, except per share data)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Net income from continuing operations$11,809 $37,217 $29,299 $48,769 
Adjustments:
Acquisition related costs(a)
983 264 998 1,965 
Non-core items and project costs, net(b)
8,969 5,031 14,213 9,742 
Cloud computing amortization(c)
7,255 1,069 9,136 2,414 
Share-based compensation expense(d)
11,290 10,982 23,078 22,843 
Foreign currency transaction (gain) loss, net(e)
(12,197)681 (11,987)5,002 
Asset sale leaseback (gain) loss, net, impairment, notes receivable loss, and closed store expenses(f)
41,727 3,201 53,480 7,177 
Amortization related to acquired intangible assets(g)
4,528 5,923 9,187 12,338 
Valuation allowance for deferred tax asset(h)
2,135 121 2,434 1,255 
Adjusted net income before tax impact of adjustments76,499 64,489 129,838 111,505 
Tax impact of adjustments(i)
(17,359)(4,111)(26,519)(11,115)
Adjusted net income from continuing operations$59,140 $60,378 $103,319 $100,390 
Basic earnings per share from continuing operations$0.07 $0.22 $0.18 $0.30 
Diluted earnings per share from continuing operations$0.07 $0.22 $0.18 $0.30 
Adjusted basic earnings per share from continuing operations(1)
$0.36 $0.37 $0.63 $0.62 
Adjusted diluted earnings per share from continuing operations(1)
$0.36 $0.37 $0.63 $0.62 
Weighted average shares outstanding
Basic162,833 159,795 161,701 159,713 
Diluted164,150 160,765 162,984 160,683 
(1)Adjusted Earnings Per Share is calculated under the two-class method. Under the two-class method, adjusted earnings per share is calculated using adjusted net income attributable to common shares, which is derived by reducing adjusted net income by the amount attributable to participating securities. Adjusted Net Income attributable to participating securities used in the basic earnings per share calculations was less than $1 million and $1 million for the three and six months ended June 28, 2025, respectively, and $1 million and $2 million for the three and six months ended June 29, 2024, respectively. Adjusted Net Income attributable to participating securities used in the diluted earnings per share calculation was less than $1 million for the three and six months ended June 28, 2025 and June 29, 2024.
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Adjusted EBITDA

Adjusted EBITDA is considered a non-GAAP financial measure under the Securities and Exchange Commission’s (“SEC”) rules because it excludes certain amounts included in net income calculated in accordance with GAAP. Management believes that Adjusted EBITDA is a meaningful measure to share with investors because it facilitates comparison of the current period performance with that of the comparable prior period. In addition, Adjusted EBITDA affords investors a view of what management considers to be Driven Brand’s core operating performance as well as the ability to make a more informed assessment of such operating performance as compared with that of the prior period.

Please see the company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, filed with the SEC on February 26, 2025, for additional information on Adjusted EBITDA. The tables below reflect the calculation of Adjusted EBITDA for the three and six months ended June 28, 2025, compared to the three and six months ended June 29, 2024.





























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Net Income to Adjusted EBITDA Reconciliation (Unaudited)
Three Months EndedSix Months Ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Net income from continuing operations$11,809 $37,217 $29,299 $48,769 
Income tax expense7,141 20,360 14,172 28,818 
Interest expense, net31,359 31,816 67,893 75,567 
Depreciation and amortization34,903 32,824 68,055 63,940 
EBITDA85,212 122,217 179,419 217,094 
Acquisition related costs(a)
983 264 998 1,965 
Non-core items and project costs, net(b)
8,969 5,031 14,213 9,742 
Cloud computing amortization(c)
7,255 1,069 9,136 2,414 
Share-based compensation expense(d)
11,290 10,982 23,078 22,843 
Foreign currency transaction (gain) loss, net(e)
(12,197)681 (11,987)5,002 
Asset sale leaseback (gain) loss, net, impairment, notes receivable loss, and closed store expenses(f)
41,727 3,201 53,480 7,177 
Adjusted EBITDA$143,239 $143,445 $268,337 $266,237 















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Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings Per Share Footnotes
(a) Consists of acquisition costs as reflected within the consolidated statements of operations, including legal, consulting and other fees, and expenses incurred in connection with acquisitions completed during the applicable period, as well as inventory rationalization expenses incurred in connection with acquisitions. As acquisitions occur in the future we expect to incur similar costs and, under U.S. GAAP, such costs relating to acquisitions are expensed as incurred and not capitalized.
(b)     Consists of discrete items and project costs, including third-party professional costs associated with strategic transformation initiatives as well as non-recurring payroll-related costs.
(c) Includes non-cash amortization expenses relating to cloud computing arrangements.
(d)     Represents non-cash share-based compensation expense.
(e)    Represents foreign currency transaction (gains) losses, net that primarily related to the remeasurement of our intercompany loans as well as gains and losses on cross currency swaps and forward contracts.
(f)     Consists of the following items (i) (gains) losses, net on sale leasebacks, disposal of assets, or sale of business; (ii) net losses (gains) on sale for assets held for sale; (iii) impairment of certain fixed assets and operating lease right-of-use assets related to closed and underperforming locations, lease exit costs and other costs associated with stores that were closed prior to the respective lease termination dates; and (iv) unrealized loss on fair value of the Seller Note Receivable.
(g)    Consists of amortization related to acquired intangible assets as reflected within depreciation and amortization in the consolidated statement of operations.
(h) Represents valuation allowances on income tax carryforwards in certain domestic jurisdictions that are not more likely than not to be realized.
(i)     Represents the tax impact of adjustments associated with the reconciling items between net income from continuing operations and Adjusted Net Income, excluding the provision for uncertain tax positions and valuation allowance for certain deferred tax assets. To determine the tax impact of the deductible reconciling items, we utilized statutory income tax rates ranging from 9% to 36% depending upon the tax attributes of each adjustment and the applicable jurisdiction.
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DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES
ADJUSTED EBITDA RECONCILIATION (UNAUDITED)
Three Months EndedSix Months Ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Take 5$108,153 $98,408 $209,071 $187,296 
Franchise Brands45,443 54,204 89,826 101,793 
Car Wash27,297 22,215 51,685 40,200 
Corporate and Other(37,654)(31,382)(82,245)(63,052)
Adjusted EBITDA$143,239 $143,445 $268,337 $266,237 



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DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES
ADDITIONAL INFORMATION ON KEY PERFORMANCE INDICATORS (UNAUDITED)
Three Months Ended June 28, 2025
(in thousands)Take 5Franchise BrandsCar WashCorporate and OtherTotal
System-wide Sales
Franchise stores$149,119 $1,070,582 $— $— $1,219,701 
Company-operated stores257,449 4,654 — 71,177 333,280 
Independently operated stores— — 71,791 — 71,791 
Total System-wide Sales$406,568 $1,075,236 $71,791 $71,177 $1,624,772 
Store Count (in whole numbers)
Franchise stores485 2,660 — — 3,145 
Company-operated stores759 13 — 214986 
Independently operated stores— — 718 — 718 
Total Store Count1,244 2,673 718 214 4,849 
Three Months Ended June 29, 2024
(in thousands)Take 5Franchise BrandsCar WashCorporate and OtherTotal
System-wide Sales
Franchise stores$116,022 $1,097,823 $— $— $1,213,845 
Company-operated stores230,809 5,143 — 65,965 301,917 
Independently operated stores— — 60,280 — 60,280 
Total System-wide Sales$346,831 $1,102,966 $60,280 $65,965 $1,576,042 
Store Count (in whole numbers)
Franchise stores399 2,636 — — 3,035 
Company-operated stores67614 — 220 910 
Independently operated stores— — 720 — 720 
Total Store Count1,075 2,650 720 220 4,665 

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Six Months Ended June 28, 2025
(in thousands)Take 5Franchise BrandsCar WashCorporate and OtherTotal
System-wide Sales
Franchise stores$285,807 $2,099,956 $— $— $2,385,763 
Company-operated stores508,249 8,646 — 130,516 647,411 
Independently operated stores— — 138,431 — 138,431 
Total System-wide Sales$794,056 $2,108,602 $138,431 $130,516 $3,171,605 
Store Count (in whole numbers)
Franchise stores485 2,660 — — 3,145 
Company-operated stores759 13 — 214 986 
Independently operated stores— — 718 — 718 
Total Store Count1,244 2,673 718 214 4,849 
Six Months Ended June 29, 2024
(in thousands)Take 5Franchise BrandsCar WashCorporate and OtherTotal
System-wide Sales
Franchise stores$221,578 $2,167,895 $— $— $2,389,473 
Company-operated stores451,680 9,612 — 124,854 586,146 
Independently operated stores— — 113,327 — 113,327 
Total System-wide Sales$673,258 $2,177,507 $113,327 $124,854 $3,088,946 
Store Count (in whole numbers)
Franchise stores399 2,636 — — 3,035 
Company-operated stores67614 — 220910 
Independently operated stores— — 720 — 720 
Total Store Count1,075 2,650 720 220 4,665 





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