Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") is providing an update on the preliminary unaudited financial results it currently expects to report for the fourth quarter and fiscal year ending December 27, 2025, and for the first quarter ending March 28, 2026. The Company is also providing an update regarding the filing status of its 2025 Form 10-K and first quarter 2026 Form 10-Q.

Preliminary Unaudited Results for Fourth Quarter and Fiscal Year 2025 and First Quarter 2026(1)

The Company is providing the following preliminary unaudited financial results for the fourth quarter and fiscal year 2025 and first quarter 2026:

 Q4 2025(2)FY 2025(2)Q1 2026(2)
Driven Same-Store Sales ("SSS")0.3% - 0.5%0.95% - 1.00%1.9% - 2.1%
Take 5 SSS3.5% - 3.7%6.1% - 6.2%4.3% - 4.5%
Driven Revenue ($M)$450 - $460$1,850 - $1,860$475 - $485
Driven Net Unit Growth8117529
Take 5 Net Unit Growth6016129
Adjusted EBITDA ($M)(3)$100 - $110$440 - $450Expect to be lower than prior year due to expenses associated with the restatement of previously issued financial statements.
(1) The results for the fourth quarter and fiscal year ending December 27, 2025 and the first quarter ending March 28, 2026 set forth above are preliminary and unaudited in nature and subject to change as results for such periods are finalized. The Company's actual results for these periods may differ from the preliminary estimates presented herein, and additional developments and adjustments may arise between now and the time the financial information for these periods is finalized. Estimates of results are inherently uncertain and subject to change, and the Company undertakes no obligation to update the estimated results. Accordingly, you should not place undue reliance on these estimates.
(2) Results exclude US and International Car Wash businesses, both of which are treated as discontinued operations.
(3) See "Non-GAAP Financial Measures in Preliminary Unaudited Financial Results" below.
  • The Company had approximately $130 million in cash and cash equivalents as of March 28, 2026, and continues to generate solid free cash flow. In addition, the Company's revolving credit facility and securitization variable funding notes are currently undrawn. Management continues to believe it has adequate liquidity and operating cash flow for its needs going forward.
  • The Company currently estimates ending the first quarter with total net debt of approximately $1.6 billion, down from approximately $2.1 billion as of December 27, 2025.
  • The Company intends to provide Fiscal 2026 Outlook when it files the 2025 Form 10-K.