Earnings ·
Driven Brands Holdings Inc. reported second quarter 2026 financial results for the period ended June 27, 2026
DRVNDriven Brands Holdings Inc.
Driven Brands Holdings Inc. reported second quarter 2026 financial results for the period ended June 27, 2026. Revenue increased 7% to $507.4 million, while system-wide sales rose 5% to $1.6 billion. Net income from continuing operations was $37.3 million, or $0.23 per diluted share, compared to $16.4 million in the prior year period. Adjusted EBITDA decreased 7% to $107.0 million, reflecting $11.8 million of non-recurring restatement-related costs. The company's net leverage ratio improved to 3.1x Adjusted EBITDA, and total liquidity stood at $855 million. Management reiterated its full-year fiscal 2026 outlook ranges for revenue ($1.95-$2.05 billion), adjusted EBITDA ($430-$460 million), and adjusted diluted EPS ($1.15-$1.25). Driven Brands Holdings Inc. operates in the automotive services industry, providing consumer and commercial vehicle maintenance, repair, and collision services across North America.