v3.26.1
Segment Information
 12 Months Ended
Dec. 27, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
In the first quarter of 2025, the Company reorganized its operating segments to simplify its reporting structure, align with the Company’s current business model, and increase transparency for investors, which resulted in a change to the Company’s reportable segments. As a result, the Company had the following reportable segments: Take 5, Franchise Brands, and Car Wash. Then, in the fourth quarter of 2025, as a result of the announcement of the sale of ICW and the related results reflected within discontinued operations, the Company re-evaluated its operating segments, which resulted in another change to the reportable segments. As of the fourth quarter of 2025, the Company now has the following reportable segments: Take 5, Franchise Brands, and Auto Glass Now.
The Take 5 segment is primarily composed of Take 5 Oil. Take 5 Oil services a combination of retail and commercial customers, such as fleet operators. Take 5 Oil’s services include oil changes as well as certain as-needed automotive maintenance enhancements, including differential fluid exchanges, coolant services and air and cabin filters. The Take 5 segment also includes supply and other revenue and franchise royalties and fees.
The Franchise Brands segment is primarily composed of the Company’s portfolio of franchise brands, which include: Meineke, Maaco, CARSTAR, ABRA, Fix Auto, 1-800 Radiator, Uniban, and ATI, along with other smaller brands and services for retail, commercial, and insurance customers. The Franchise Brands segment also includes supply and other revenue, and company-operated store sales.
The Auto Glass Now segment provides auto glass repair, replacement, and calibration services to commercial, retail, and insurance customers within the U.S. The Auto Glass Now segment derives substantially all of its revenue from company-operated store sales.
The consolidated financial results include “Corporate and Other” activity. Advertising fund contribution revenue and related costs as well as shared service costs, which are related to finance, information technology, human resources, legal, supply chain, and other support services are recorded within Corporate and Other. Corporate and Other activity includes the adjustments necessary to eliminate certain intercompany transactions, namely supply sales fulfilled by the Take 5 segment to the Franchise Brands segment as well as discrete activity associated with the U.S. Car Wash business that was not classified as discontinued operations.
The Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer. The CODM evaluates segment performance and allocates resources, including capital expenditures and variable compensation, to each segment primarily as part of the annual budget process based on Adjusted EBITDA. The CODM reviews budget-to-actual results to assess performance and adjust resource allocations as necessary.
Adjusted EBITDA is defined as earnings from continuing operations before interest expense, net, income tax expense, and depreciation and amortization, with further amounts related to acquisition related costs, cloud computing amortization, share-based compensation, loss on debt extinguishment, foreign currency transaction related gains or losses, and certain non-recurring, non-core, infrequent or unusual charges. Adjusted EBITDA is a supplemental measure of the operating performance of the Company’s segments and may not be comparable to similar measures reported by other companies. Other segment items primarily include, but are not limited to, payroll and payroll-related costs, costs of inventory and supplies, utilities, and rent expense as well as marketing costs associated with non-franchised businesses within the reportable segments. No asset information has been provided for these reportable segments as the Chief Operating Decision Maker does not regularly review asset information by reportable segment.
Certain information within the tables below has been revised to conform to current year presentation to reflect financial results for continuing operations and segment changes.
Segment results for the years ended December 27, 2025, December 28, 2024, and December 30, 2023 are as follows:
Year Ended December 27, 2025
(in thousands)Take 5Franchise BrandsAuto Glass NowTotal
Franchise royalties and fees$37,531 $152,554 $— $190,085 
Company-operated store sales1,020,113 17,241 257,604 1,294,958 
Supply and other revenue157,771 115,210 150 273,131 
Total segment net revenue$1,215,415 $285,005 $257,754 $1,758,174 
Corporate and Other revenue104,264 
Total consolidated net revenue$1,862,438 
Other segment items796,739 106,167 231,880 
Reportable segment Adjusted EBITDA$418,676 $178,838 $25,874 $623,388 
Less:
Corporate and Other loss174,281 
Depreciation and amortization81,858 
Interest expense, net121,202 
Acquisition related costs(a)
1,644 
Non-core items and project costs, net(b)
21,560 
Cloud computing amortization(c)
17,696 
Share-based compensation expense(d)
32,079 
Foreign currency transaction gain, net(e)
(14,715)
Impairment, notes receivable loss, (gain) loss on sale of assets, net, and closed store expenses(f)
63,160 
Loss on debt extinguishment(g)
5,392 
Income before taxes from continuing operations$119,231 
Year Ended December 28, 2024
As Restated
(in thousands)Take 5Franchise BrandsAuto Glass NowTotal
Franchise royalties and fees$26,390 $162,244 $— $188,634 
Company-operated store sales920,518 16,372 237,500 1,174,390 
Supply and other revenue123,237 116,720 28 239,985 
Total segment net revenue$1,070,145 $295,336 $237,528 $1,603,009 
Corporate and Other revenue149,467 
Total consolidated net revenue$1,752,476 
Other segment items689,990 104,577 224,931 
Reportable segment Adjusted EBITDA$380,155 $190,759 $12,597 $583,511 
Less:
Corporate and Other loss140,360 
Depreciation and amortization78,989 
Interest expense, net156,991 
Acquisition related costs(a)
2,394 
Non-core items and project costs, net(b)
16,751 
Cloud computing amortization(c)
10,081 
Share-based compensation expense(d)
50,881 
Foreign currency transaction loss, net(e)
17,530 
Impairment, notes receivable loss, (gain) loss on sale of assets, net, and closed store expenses(f)
84,236 
Loss on debt extinguishment(g)
205 
Income before taxes from continuing operations$25,093 
Year Ended December 30, 2023
As Restated
(in thousands)Take 5Franchise BrandsAuto Glass NowTotal
Franchise royalties and fees$18,719 $171,648 $— $190,367 
Company-operated store sales809,356 60,837 254,568 1,124,761 
Supply and other revenue95,320 118,042 — 213,362 
Total segment net revenue$923,395 $350,527 $254,568 $1,528,490 
Corporate and Other revenue181,550 
Total consolidated net revenue$1,710,040 
Other segment items642,345 150,024 244,546 
Reportable segment Adjusted EBITDA$281,050 $200,503 $10,022 $491,575 
Less:
Corporate and Other loss139,782 
Depreciation and amortization76,579 
Interest expense, net160,401 
Acquisition related costs(a)
7,588 
Non-core items and project costs, net(b)
5,642 
Cloud computing amortization(c)
2,673 
Share-based compensation expense(d)
19,648 
Foreign currency transaction gain, net(e)
(4,078)
Impairment, notes receivable loss, (gain) loss on sale of assets, net, and closed store expenses(f)
124,486 
Loss before taxes from continuing operations$(41,146)
(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, the Company expects 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 and non-ordinary course legal settlements.
(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.
(f)Consists of the following items (i) asset impairments, (ii) (gains) losses, net on sale leasebacks, disposal of assets, including assets held for sale, or sale of business; and (iii) loss on fair value of the Seller Note. See Note 18 for additional information regarding the Seller Note.
(g)Represents charges incurred related to the Company’s full repayment of the Term Loan Facility in conjunction with the sale of the U.S. Car Wash business and the issuance of the Series 2025-1 Senior Notes in the current year and charges incurred related to the Company’s partial repayment of Senior Secured Notes in conjunction with the sale of its Canadian distribution business in the prior year.
The following table shows information relating to the geographic regions in which the Company operates:
Total Net Revenue for Year EndedTotal Long-Lived Assets
(in thousands)December 27, 2025December 28, 2024December 30, 2023December 27, 2025December 28, 2024December 30, 2023
As RestatedAs RestatedAs RestatedAs Restated
United States $1,797,542 $1,643,888 $1,575,594 $975,063 $849,189 $771,557 
Canada64,896 108,588 134,446 10,199 12,055 21,666 
Total$1,862,438 $1,752,476 $1,710,040 $985,262 $861,244 $793,223 
The following table shows the capital expenditures by reportable segment and Corporate and Other:
(in thousands)Take 5Franchise BrandsAuto Glass NowCorporate & OtherTotal
Capital expenditures
2025$149,586 $2,795 $3,533 $36,842 $192,756 
2024 (as restated)110,925 691 3,310 90,751 205,677 
2023112,827 1,488 12,828 292,514 419,657