Earnings ·
Driven Brands reports Q2 revenue of $507.4 million, up 7%, with net income of $37.3 million
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.