Actualités en direct • May 20
Driven Brands Reports US$1.9b Revenue Restatement and Weighs ADW Capital Buyout Proposal Driven Brands reported Q4 and fiscal 2025 revenue of about US$1.9b, with Q4 revenue up 7.7% and full-year revenue up 6.3%, and adjusted EBITDA up 7.3%.
The company completed a comprehensive restatement of prior financial statements, reducing previously reported revenue and adjusted EBITDA after correcting lease accounting, cash handling at Auto Glass Now, and certain expense classifications.
Driven Brands exited noncore U.S. and international car wash operations, lowered its net leverage ratio from 3.7x to 3.3x adjusted EBITDA, issued 2026 guidance of US$1.95b to US$2.05b in revenue and US$430m to US$460m in adjusted EBITDA, and received a cash acquisition proposal from ADW Capital Management at US$18.00 per share.
The combination of solid 2025 operating results, a cleaner financial reporting base after the restatement, and a narrower focus on nondiscretionary automotive services provides a clearer picture of how the core business is performing.
Investors also need to weigh the potential upside and timing risks around the ADW Capital proposal, including the possibility that the offer does not progress or that terms change as the board evaluates alternatives. Annonce • May 09
Driven Brands Holdings Inc. announced delayed 10-Q filing On 05/08/2026, Driven Brands Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • May 03
ADW Capital Proposes to Acquire Driven Brands On April 30, 2026, ADW Capital Management, LLC announced that it has issued an open letter to Driven Brands Holdings Inc.’s board of directors and Company shareholder Roark Capital Group announcing its proposal to acquire the Company for $18.00 per share in cash. In addition, ADW Capital Management criticizes the Company and its shareholder, Roark Capital Group, for failing to engage with prior correspondence and for what it characterizes as structural, capital allocation, and governance failures that have led to undervaluation, and ADW Capital argues that significant value is trapped within Company’s assets and reiterates a sum of the parts valuation supporting its view that the Company is worth more than its current trading price. Further, ADW Capital urged the Company board to engage promptly, suggests undertaking a strategic review, and requests a meeting by May 15, 2026, to begin due diligence discussions. Furthermore, ADW Capital stated that if the board does not engage in good faith, it signals it may take the proposal directly to shareholders and pursue other available remedies. Annonce • May 01
ADW Capital Management LLC proposed to acquire remaining 96.30% stake in Driven Brands Holdings Inc. (NasdaqGS:DRVN) from Roark Capital Management LLC and others for $3 billion. ADW Capital Management LLC proposed to acquire remaining 96.30% stake in Driven Brands Holdings Inc. (NasdaqGS:DRVN) from Roark Capital Management LLC and others for $3 billion on April 30, 2026. ADW Capital Management propose to acquire all the outstanding shares of Driven Brands’ Common Stock that we do not already own for $18.00 per share in cash. The proposal represents a 41% premium over yesterday’s closing price of $12.74 per share and a 42% premium over the 30-day volume-weighted average price of $12.69. ADW Capital met with financial advisors and potential financing sources and are highly confident that ADW Capital can arrange any and all necessary financing to complete the transaction, subject to the completion of typical due diligence. The transaction would not be subject to a financing contingency. Annonce • Apr 23
Driven Brands Holdings Inc. Provides Preliminary and Unaudited Earnings Guidance for the Fourth Quarter and Fiscal Year 2025 and First Quarter of 2026 Driven Brands Holdings Inc. provided preliminary and unaudited earnings guidance for the fourth quarter and fiscal year 2025 and first quarter of 2026. For the fourth quarter of 2025, the company expects to report Driven Same-Store Sales to be 0.3% - 0.5%, Driven Revenue to be $450 million to $460 million.
For the fiscal year 2025, the company expects to report Driven Same-Store Sales to be 0.95% - 1.00%, Driven Revenue to be $1,850 million to $1,860 million.
For the first quarter of 2026, the company expects to report Driven Same-Store Sales to be 1.9% - 2.1%, Driven Revenue to be $475 million to $485 million. Annonce • Apr 22
Driven Brands Holdings Inc. Receives Nasdaq Notice Related to Delayed Filing of Annual Report on Form 10-K Driven Brands Holdings Inc. (the Company) received a notice from The Nasdaq Stock Market LLC on April 15, 2026 indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its delay in filing its Annual Report on Form 10-K for the period ended December 27, 2025 with the Securities and Exchange Commission. The Listing Rule requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC. The Notice from Nasdaq is standard practice in the event of a delayed periodic financial report filing. The Notice has no immediate effect on the listing or trading of the Company's common stock on Nasdaq. In accordance with Nasdaq's listing rules, the Company has 60 calendar days after the Notice, or until June 15, 2026, to submit a plan of compliance to Nasdaq addressing how the Company intends to regain compliance with the Listing Rule. Pursuant to the Notice, Nasdaq has the discretion to grant the Company up to 180 calendar days from the 2025 Form 10-K's due date or until October 12, 2026, for the Company to regain compliance with the Listing Rule. The Company is working diligently to complete the review and expects to file the 2025 Form 10-K before June 15, 2026. As previously disclosed in a Form 12b-25 Notification of Late Filing filed by the Company on February 26, 2026, the Company is delayed in filing Fiscal year 2025 Form 10-K with the U.S. Securities and Exchange Commission. On April 15, 2026, the Company received a notice from The Nasdaq Stock Market LLC notifying the Company that, as a result of the Company's delay in filing its Fiscal year 2025 Form 10-K, the Company is not currently in compliance with Nasdaq Listing Rule 5250(c)(1), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC. The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. In accordance with Nasdaq's listing rules, the Company has 60 calendar days after the Notice or until June 15, 2026 to submit a plan of compliance to Nasdaq addressing how the Company intends to regain compliance with Nasdaq's listing rules. Pursuant to the Notice, Nasdaq has the discretion to grant the Company up to 180 calendar days from the due date of the Fiscal year 2025 Form 10-K, or October 12, 2026 to regain compliance. The Company intends to take the necessary steps to regain compliance with Nasdaq's listing rules. As previously disclosed, the filing of the Fiscal year 2025 Form 10-K was delayed due to the matters described in the Form 12b-25. As of April 21, 2026, the internal review of the financial statements and evaluation of identified material weaknesses in internal control over financial reporting described in the Form 12b-25 is ongoing and the Company continues to work diligently to complete the review. Annonce • Mar 27
ADW Capital Sends an Open Letter to Driven Brands’ Board On March 26, 2026, ADW Capital Management, LLC announced that it has issued an open letter to Driven Brands Holdings Inc. board, urging the Company to immediately undertake a strategic review process to maximize value for all shareholders. In addition, ADW Capital contends that the Company is materially undervalued due to self-inflicted structural, capital allocation, and governance failures, and believes that a strategic process will enable shareholders to fetch in excess of $30 a share in a controlled sale or breakup. Further, ADW Capital highlights its concerns regarding the Company’s lack of operational integration, high corporate overhead, and poor capital allocation strategies, particularly related to the car wash expansion and subsequent divestiture, which have eroded investor trust. Furthermore, ADW Capital calls for immediate and decisive action, including engaging independent advisors, increasing transparency, reducing overhead, and evaluating governance changes, to unlock the significant disconnect in shareholder value. Annonce • Feb 27
Driven Brands Holdings Inc. announced delayed annual 10-K filing On 02/26/2026, Driven Brands Holdings Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Price Target Changed • Feb 26
Price target decreased by 7.5% to US$19.35 Down from US$20.92, the current price target is an average from 10 analysts. New target price is 69% above last closing price of US$11.45. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$0.66 next year compared to a net loss per share of US$1.79 last year. Annonce • Feb 12
Driven Brands Holdings Inc. to Report Q4, 2025 Results on Feb 25, 2026 Driven Brands Holdings Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 25, 2026 Recent Insider Transactions • Jan 23
Executive VP recently sold US$750k worth of stock On the 21st of January, Scott O’Melia sold around 47k shares on-market at roughly US$16.00 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$4.2m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jan 22
Executive VP notifies of intention to sell stock Scott O’Melia intends to sell 47k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of January. If the sale is conducted around the recent share price of US$16.00, it would amount to US$750k. Since March 2025, Scott's direct individual holding has increased from 103.97k shares to 146.80k. Company insiders have collectively sold US$3.4m more than they bought, via options and on-market transactions in the last 12 months. Annonce • Dec 24
Driven Brands Holdings Inc. Announces Appointment of Timothy Johnson as Independent Director to Its Board of Directors and A Member of the Audit Committee, Effective January 1, 2026 Driven Brands Holdings Inc. announced the election of Timothy Johnson as an independent director to its Board of Directors, effective January 1, 2026. Upon his election, Johnson will also serve as a member of the Audit Committee. Johnson has over 30 years of executive experience in global retail and consumer companies. He most recently served as Chief Financial Officer and Chief Administrative Officer of Victoria’s Secret until his retirement in May 2025, with oversight for financial reporting, controls, financial planning and analysis, risk management, internal audit, tax, investor relations, project management, and IT functions. Earlier in his career, Johnson held executive leadership roles of increasing responsibility with Big Lots from 2000 to 2019, including as Chief Financial Officer and Chief Administrative Officer, and various finance roles at Limited Brands from 1992 to 2000. Johnson began his career with the accounting firm Coopers & Lybrand. Johnson also serves on the boards of directors of Brinkers International and Dollar Tree Stores. Johnson holds a Bachelor of Science Degree in Accounting from Miami University and is a Certified Public Accountant (inactive). Annonce • Dec 04
Franchise Equity Partners entered into a definitive agreement to acquire International Car Wash Business of Driven Brands Holdings Inc. from Driven Brands Holdings Inc. (NasdaqGS:DRVN) for approximately €410 million. Franchise Equity Partners entered into a definitive agreement to acquire International Car Wash Business of Driven Brands Holdings Inc. from Driven Brands Holdings Inc. (NasdaqGS:DRVN) for approximately €410 million on November 27, 2025. The consideration amount is not subject to post-closing adjustments for cash, debt or working capital. The agreement includes customary ‘locked box’ protections against certain types of financial leakage, and a customary ‘ticker’ whereby the purchase price increases daily by a fixed amount in Euros from July 1, 2025, to the closing date.
The transaction is subject to receipt of specified regulatory approvals and is expected to close in the first quarter of 2026. Cash proceeds from the transaction will primarily be used to pay down debt and general corporate purposes.
Rothschild & Co. is serving as financial advisor to Driven Brands. Robert Dixon of Gibson, Dunn & Crutcher UK LLP and Andrew Fabens and Quinton Farrar of Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisors to Driven Brands. The Boston Consulting Group, Inc., Environmental Resources Management Michigan, Inc. and Ernst & Young LLP served as due diligence provider to Driven Brands. Annonce • Dec 02
Driven Brands Holdings Inc. Updates Earnings Guidance for the Fiscal Year Ending December 27, 2025 Driven Brands Holdings Inc. updated earnings guidance for the fiscal year ending December 27, 2025. In conjunction with the divestiture, the Company updated its financial outlook from continuing operations to reflect the reclassification of the international car wash business as discontinued operations. The company expects revenue of $1.85 billion to $1.87 billion. Annonce • Nov 05
Driven Brands Holdings Inc. Provides Earnings Guidance for the Fiscal Year Ending December 27, 2025 Driven Brands Holdings Inc. provided earnings guidance for the fiscal year ending December 27, 2025. For the period, the company expects revenue to be in the range of close to $2.10 - $2.12 billion. The Company now expects same store sales growth at the low end of its original range of 1% to 3%; and continues to expect net store growth of approximately 175 to 200. Reported Earnings • Nov 04
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.37 (up from US$0.092 loss in 3Q 2024). Revenue: US$535.7m (down 9.5% from 3Q 2024). Net income: US$60.9m (up US$75.5m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 56%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annonce • Oct 22
Driven Brands Holdings Inc. to Report Q3, 2025 Results on Nov 04, 2025 Driven Brands Holdings Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 04, 2025 Recent Insider Transactions • Sep 18
Non-Executive Chair recently sold US$3.4m worth of stock On the 15th of September, Jonathan Fitzpatrick sold around 185k shares on-market at roughly US$18.14 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jonathan's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Sep 14
Non-Executive Chair notifies of intention to sell stock Jonathan Fitzpatrick intends to sell 185k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of September. If the sale is conducted around the recent share price of US$18.28, it would amount to US$3.4m. Since March 2025, Jonathan has owned 2.35m shares directly. There has only been one transaction (US$74k sale) from insiders over the last 12 months. Annonce • Aug 25
Driven Brands Holdings Inc. Announces Executive Changes Driven Brands Holdings Inc. announced that its Board of Directors has appointed Mo Khalid as Executive Vice President and Chief Operating Officer of Driven Brands. Khalid currently serves as Executive Vice President and President of Take 5. Tim Austin, Chief Operating Officer of Take 5, will succeed Khalid as the President of Take 5. Khalid re-joined Driven Brands in 2023 as Group President of the Maintenance Segment, which at the time included Take 5 Oil Change and Meineke. He previously served as Chief Operating Officer of Meineke from 2016 to 2017. From 2017 to 2023, he held senior operating roles at Great Wolf Resorts, ultimately serving as Senior Vice President of Field Operations. Earlier in his career, he held leadership positions at Starwood Hotels & Resorts, Burger King, Deutsche Bank, and J.P. Morgan Chase. He holds a B.S. in Finance from Rutgers Business School and an MBA from Columbia Business School. Austin joined Driven Brands in 2024 as President of Take 5 Car Wash. Following the sale of the U.S. Car Wash business in April 2025, he transitioned to Chief Operating Officer of Take 5. Before joining Driven Brands, he served as President and Chief Operating Officer of Lucid Hearing and held leadership roles at Sears Holdings and Walmart. Reported Earnings • Aug 05
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.073 (down from US$0.18 in 2Q 2024). Revenue: US$551.0m (down 9.9% from 2Q 2024). Net income: US$11.8m (down 60% from 2Q 2024). Profit margin: 2.1% (down from 4.8% in 2Q 2024). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annonce • Jul 22
Driven Brands Holdings Inc. to Report Q2, 2025 Results on Aug 05, 2025 Driven Brands Holdings Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 05, 2025 Price Target Changed • May 07
Price target increased by 9.5% to US$21.17 Up from US$19.33, the current price target is an average from 12 analysts. New target price is 16% above last closing price of US$18.23. Stock is up 62% over the past year. The company is forecast to post earnings per share of US$0.90 next year compared to a net loss per share of US$1.79 last year. Reported Earnings • May 07
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: US$0.11 (up from US$0.026 in 1Q 2024). Revenue: US$516.2m (down 9.8% from 1Q 2024). Net income: US$17.5m (up 319% from 1Q 2024). Profit margin: 3.4% (up from 0.7% in 1Q 2024). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 77%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annonce • May 06
Driven Brands Holdings Inc. Reaffirms Earnings Guidance for the Year 2025 Driven Brands Holdings Inc. reaffirmed earnings guidance for the year 2025. For the year, the company expects revenue of $2.05 billion to $2.15 billion and Same store sales growth of 1% to 3%. Annonce • Apr 22
Driven Brands Holdings Inc. to Report Q1, 2025 Results on May 06, 2025 Driven Brands Holdings Inc. announced that they will report Q1, 2025 results Pre-Market on May 06, 2025 Reported Earnings • Feb 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: US$1.82 loss per share (improved from US$4.50 loss in FY 2023). Revenue: US$2.34b (up 1.5% from FY 2023). Net loss: US$292.5m (loss narrowed 60% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Annonce • Feb 25
Driven Brands Announces Executive Transition Driven Brands Holdings Inc. announced that its Board of Directors has named Chief Operating Officer Daniel Rivera as President and has appointed him to the Board, effective May 9, 2025. On February 24, 2025, Jonathan Fitzpatrick, who has served as Driven Brands’ President since 2012, notified the Board of his intent to step down as President effective on May 9, 2025. Mr. Fitzpatrick will continue to serve on the Board and has been appointed as Non-Executive Chair of the Board effective May 9, 2025. Mr. Fitzpatrick has also agreed to serve as a senior advisor for the remainder of 2025, working closely with Mr. Rivera to ensure a smooth transition. Neal Aronson, current Chairman of the Board, will continue to serve as a director. Mr. Rivera joined Driven Brands as Chief Information Officer in October 2012. Since then, he has held roles of increasing responsibility, including as Meineke Brand President; President of Take 5 Oil Change; Group President of the Maintenance segment; and, most recently, as Chief Operating Officer where he has overseen each of the Company’s business segments. Mr. Rivera previously held leadership roles at AutoNation, Burger King Corporation and General Electric. Mr. Rivera’s appointment follows a thoughtful and comprehensive multi-year succession planning process, led by the Board’s Nominating & Corporate Governance Committee. Annonce • Feb 11
Driven Brands Holdings Inc. to Report Q4, 2024 Results on Feb 25, 2025 Driven Brands Holdings Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 25, 2025 Annonce • Dec 14
Driven Brands Holdings Inc. Announces Executive Changes On December 9, 2024, Michael Beland, Chief Accounting Officer of Driven Brands Holdings Inc, informed the Company of his intent to resign from his position, effective January 3, 2025, to pursue another opportunity. Mr. Beland’s resignation is not the result of any disagreement regarding the Company’s financial reporting or accounting policies, procedures, estimates or judgments. Michael Diamond, the Company’s Executive Vice President and Chief Financial Officer, will serve as the Company’s interim principal accounting officer starting upon Mr. Beland’s departure through the conclusion of the search process for a successor to Mr. Beland. Major Estimate Revision • Nov 08
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.598 to US$0.428 per share. Revenue forecast steady at US$2.35b. Net income forecast to grow 564% next year vs 27% growth forecast for Commercial Services industry in the US. Consensus price target of US$18.23 unchanged from last update. Share price rose 11% to US$16.35 over the past week. Major Estimate Revision • Nov 07
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.598 to US$0.428 per share. Revenue forecast steady at US$2.35b. Net income forecast to grow 580% next year vs 27% growth forecast for Commercial Services industry in the US. Consensus price target up from US$17.38 to US$18.23. Share price rose 10% to US$16.35 over the past week. New Risk • Nov 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.094 loss per share (improved from US$4.82 loss in 3Q 2023). Revenue: US$591.7m (up 1.8% from 3Q 2023). Net loss: US$14.9m (loss narrowed 98% from 3Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Annonce • Oct 17
Driven Brands Holdings Inc. to Report Q3, 2024 Results on Oct 31, 2024 Driven Brands Holdings Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 31, 2024 Annonce • Sep 04
PGW Auto Glass, LLC acquired P.H. Vitres D'autos Inc. from Driven Brands Holdings Inc (NasdaqGS:DRVN). PGW Auto Glass, LLC acquired P.H. Vitres D'autos Inc. from Driven Brands Holdings Inc (NasdaqGS:DRVN) on August 31, 2024.
PGW Auto Glass, LLC completed the acquisition of P.H. Vitres D'autos Inc. from Driven Brands Holdings Inc (NasdaqGS:DRVN) on August 31, 2024. Price Target Changed • Aug 05
Price target increased by 7.2% to US$17.29 Up from US$16.13, the current price target is an average from 12 analysts. New target price is 27% above last closing price of US$13.57. Stock is down 12% over the past year. The company is forecast to post earnings per share of US$0.52 next year compared to a net loss per share of US$4.50 last year. Reported Earnings • Aug 02
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.19 (down from US$0.23 in 2Q 2023). Revenue: US$611.6m (flat on 2Q 2023). Net income: US$30.2m (down 18% from 2Q 2023). Profit margin: 4.9% (down from 6.1% in 2Q 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annonce • Jul 18
Driven Brands Holdings Inc. to Report Q2, 2024 Results on Aug 01, 2024 Driven Brands Holdings Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024 Price Target Changed • May 03
Price target decreased by 9.5% to US$16.95 Down from US$18.73, the current price target is an average from 11 analysts. New target price is 46% above last closing price of US$11.59. Stock is down 59% over the past year. The company is forecast to post earnings per share of US$0.65 next year compared to a net loss per share of US$4.50 last year. Reported Earnings • May 03
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: US$0.027 (down from US$0.18 in 1Q 2023). Revenue: US$572.2m (up 1.7% from 1Q 2023). Net income: US$4.26m (down 85% from 1Q 2023). Profit margin: 0.7% (down from 5.2% in 1Q 2023). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Annonce • Apr 23
Driven Brands Holdings Inc. to Report Q1, 2024 Results on May 02, 2024 Driven Brands Holdings Inc. announced that they will report Q1, 2024 results Pre-Market on May 02, 2024 Annonce • Mar 28
Driven Brands Holdings Inc., Annual General Meeting, May 09, 2024 Driven Brands Holdings Inc., Annual General Meeting, May 09, 2024, at 12:00 Eastern Daylight. Agenda: To approve Election of the three Class I director nominees named in this proxy statement, each for a term of three years; to approve on a non-binding advisory basis, of the compensation of our named executive officers; to get approval of the Amended and Restated Driven Brands Holdings Inc. 2021 Omnibus Incentive Plan; and to approve Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 28, 2024. Price Target Changed • Feb 26
Price target decreased by 9.7% to US$18.64 Down from US$20.64, the current price target is an average from 11 analysts. New target price is 42% above last closing price of US$13.15. Stock is down 54% over the past year. The company is forecast to post earnings per share of US$0.73 next year compared to a net loss per share of US$4.60 last year. Reported Earnings • Feb 23
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$4.60 loss per share (down from US$0.26 profit in FY 2022). Revenue: US$2.30b (up 13% from FY 2022). Net loss: US$745.0m (down US$787.2m from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Annonce • Feb 22
Driven Brands Holdings Inc. Provides Earnings Guidance for the Fiscal Year 2024 Driven Brands Holdings Inc. provided earnings guidance for the fiscal year 2024. For the period, the company expects Revenue of approximately $2.35 billion to $2.45 billion. Same-store sales growth of 3% to 5%. Annonce • Feb 07
Driven Brands Holdings Inc. to Report Q4, 2023 Results on Feb 22, 2024 Driven Brands Holdings Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 22, 2024 Annonce • Dec 27
Gainey McKenna & Egleston Files Class Action Lawsuit Against Driven Brands Holdings Inc Gainey McKenna & Egleston announced that a securities class action law has been filed in the United States District Court for the Western District of North Carolina on behalf of all persons or entities who purchased or otherwise acquired Driven Brands Holdings Inc. securities between October 27, 2021 and August 1, 2023, inclusive (the "Class Period"). The lawsuit seeks to recover damages for the Company's investors under the federal securities laws. The Complaint alleges that, throughout the Class Period, Defendants made numerous materially false and misleading statements and omissions that fall into two categories: (i) statements concerning Driven’s ability to efficiently and effectively integrate a high volume of acquired businesses, including statements related to the status of integrating its U.S. auto glass businesses; and (ii) statements concerning the performance and competitive position of Driven’s car wash business segment. Specifically, the Complaint alleges that throughout the Class Period, Defendants repeatedly touted Driven’s ability to execute and integrate acquisitions as a “core strength,” and assured investors that it had made “significant progress” integrating the auto glass businesses it had acquired. The Complaint also alleges that the Company represented that the large scale of its car wash business served as a “competitive moat” that would preserve Driven’s competitive position. The Complaint further alleges that while Driven acknowledged some “softness” in customer demand for its car wash business segment, the Company downplayed that issue and pointed investors to the growth of its car wash subscriptions, which Driven labeled as the “Holy Grail” in the car wash business. The Complaint also alleges that in truth, Driven was several quarters behind on integrating its auto glass businesses, and the Company’s car wash business was faltering and more exposed to a decline in demand from retail customers than Defendants represented to investors. The Complaint alleges that, as a result, the Company’s statements concerning its business and prospects, including its fiscal year 2023 financial guidance, were materially misleading and/or lacked a reasonable basis. The Complaint further alleges that the truth began to emerge on May 8, 2023, when Driven revealed that, on May 4, 2023, the Company’s former Chief Financial Officer, Defendant Tiffany L. Mason (“Mason”), had abruptly left the Company under unusual circumstances. Mason’s exit came just one day after Driven reported its financial results for the first quarter of 2023. The Complaint also alleges that on August 2, 2023, Driven reported earnings for the second quarter of 2023 that missed expectations, including disappointing results for its Paint, Collision and Glass business segment as well as its Car Wash segment. With respect to its auto glass business, the Complaint further alleges that the Company admitted that it was at least “several quarters” behind on its integration of the businesses it had acquired. In addition, regarding Driven’s Car Wash segment, the Complaint alleges the Company disclosed that increased exposure to “intensified competitive intrusion” negatively impacted demand from Driven’s high-margin retail car wash customers. The Complaint further alleges that as a result of delays in Driven’s integration of its acquired auto glass businesses and the faltering performance of its car wash businesses, the Company slashed its full-year earnings guidance for fiscal 2023, despite having reaffirmed that guidance a little over two months earlier. The Complaint alleges that these disclosures caused the price of Driven common stock to decline by $10.63 per share, or 41%. Annonce • Dec 19
Driven Brands Holdings Inc. Appoints Damien Harmon to the Board of Directors and Member of the Compensation Committee, Effective January 1, 2024 Driven Brands Holdings announced the election of Damien Harmon to its Board of Directors, effective January 1, 2024. Harmon will also serve as a member of the Compensation Committee. Harmon serves as the senior executive vice president of customer, channel experiences & enterprise services for Best Buy Co. Inc. In this role, he is responsible for the end-to-end customer experience and the work that enhances every interaction with Best Buy customers and its employees. His areas of responsibility include stores and operations, in- home services and sales, virtual experiences, call centers, membership, and customer strategy, relationship offerings and insights. He also leads Geek Squad, Best Buy's national tech-support organization dedicated to helping customers learn about and enjoy their technology. Before his current position, Harmon served as Best Buy's Executive Vice President of Omnichannel where he established a dedicated operations plan to enhance the company's ability to create seamless experiences for Best Buy customers. He also oversaw Best Buy's real estate portfolio, stores, operations, services, and experiences that span from stores to virtual to in customers' homes. In addition to his time at Best Buy, Harmon has held executive-level roles at Bridgestone Americas Inc., including serving as President of GCR Commercial Tires and as the Chief Operating Officer of Bridgestone Retail Operations. Harmon holds a Bachelor's Degree in Management from the University of Phoenix . Major Estimate Revision • Nov 16
Consensus EPS estimates fall by 30% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -US$3.33 to -US$4.32 per share. Revenue forecast unchanged at US$2.32b. Commercial Services industry in the US expected to see average net income growth of 24% next year. Consensus price target of US$21.36 unchanged from last update. Share price rose 8.1% to US$12.39 over the past week. Price Target Changed • Nov 02
Price target decreased by 7.0% to US$21.73 Down from US$23.36, the current price target is an average from 11 analysts. New target price is 86% above last closing price of US$11.68. Stock is down 62% over the past year. The company is forecast to post a net loss per share of US$3.33 compared to earnings per share of US$0.26 last year. Annonce • Nov 02
Driven Brands Holdings Inc. Reports Unaudited Consolidated Impairment Charges Results for the Third Quarter Ended September 30, 2023 Driven Brands Holdings Inc. reported unaudited consolidated impairment charges results for the third quarter ended September 30, 2023. For the quarter, the company reported goodwill impairment of $850,970,000. 
