Quarterly ResultMay 19, 2026, 07:26 AM
Driven Brands Reports Q4/FY25 Results; Restates Prior Financials
AI Summary
Driven Brands Holdings Inc. reported its financial results for the fourth quarter and fiscal year ended December 27, 2025, with fiscal 2025 revenue increasing 6.3% to $1.9 billion. The company also announced the restatement of previously issued financial statements for fiscal years 2023 and 2024, and interim periods, to correct accounting errors. Additionally, Driven Brands completed the divestiture of its international car wash business (IMO) in January 2026 for approximately 411 million, using the proceeds to reduce debt and improve its pro forma net leverage ratio to 3.3x Adjusted EBITDA. The company provided a fiscal 2026 outlook, expecting revenue between $1.95 billion and $2.05 billion.
Key Highlights
- Restatement decreased Adjusted EBITDA by ~$57M in FY23, ~$12M in FY24, and ~$8M in FY25 YTD Q3.
- IMO divestiture completed for ~€411M, improving pro forma net leverage to 3.3x Adjusted EBITDA.
- Fiscal Year 2025 revenue increased 6% to $1.9 billion.
- Fiscal Year 2025 Adjusted Net Income from continuing operations was $199.2 million ($1.21 per diluted share).
- Take 5 segment achieved 6.2% same store sales growth for fiscal year 2025.
- Fourth Quarter 2025 revenue increased 8% to $460.1 million.
- Fiscal Year 2026 outlook: Revenue ~$1.95-$2.05B, Adjusted EBITDA ~$430-$460M, Adjusted Diluted EPS ~$1.15-$1.25.
Price Impact
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