Quarterly ResultJun 11, 2026, 07:21 AM
Driven Brands Q1 Revenue Up 8% to $484.4M; Take 5 Sales Grow 4.5%
AI Summary
Driven Brands Holdings Inc. reported a solid start to fiscal year 2026 with an 8% increase in revenue to $484.4 million for the first quarter ended March 28, 2026. The company highlighted strong performance in its Take 5 segment, which saw a 4.5% same-store sales growth, contributing to an overall 2% same-store sales increase. Net income and Adjusted EBITDA also saw year-over-year improvements, with the company reiterating its full-year financial outlook and noting progress in reducing leverage.
Key Highlights
- Driven Brands reported Q1 2026 revenue of $484.4 million, an 8% increase year-over-year.
- Same store sales grew 2% overall, with Take 5 showing a 4.5% increase, marking its 23rd consecutive quarter of growth.
- Net income from continuing operations was $23.8 million ($0.14 per diluted share), up from $13.5 million ($0.08 per diluted share) in the prior year.
- Adjusted EBITDA increased 2% to $104.1 million, despite $9.1 million in restatement-related costs.
- The company reiterated its fiscal year 2026 outlook for revenue between $1.95 - $2.05 billion and Adjusted EBITDA of $430 - $460 million.
- Net leverage ratio improved to 3.2x Adjusted EBITDA.
- Total liquidity stood at $804 million, including $133 million in cash and cash equivalents.
Price Impact
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