Driven Brands Holdings Inc

For the period ended Jun 29, 2024. Filed Aug 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 29, 2024 · Filed Aug 8, 2024

DRVN$12.26+3.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Shareholders’ Equity

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited)

	Three Months Ended
June 29, 2024 · July 1, 2023
(in thousands, except share amounts) · Shares · Amount · Shares · Amount
Preferred stock, $0.01 par value per share	—		$—	—		$—
Common stock, $0.01 par value per share
Balance at beginning of period	164,079,581		$1,641	167,560,449		$1,675
Shares issued for exercise/vesting of share-based compensation awards	2,849		—	48,259		1
Forfeiture of restricted stock awards	—		—	(242,147)		(2)
Balance at end of period	164,082,430		$1,641	167,366,561		$1,674
Additional paid-in capital
Balance at beginning of period		$1,664,764			$1,633,460
Share-based compensation expense		10,982			4,485
Tax obligations for share-based compensation		(980)			—
Balance at end of period		$1,674,766			$1,637,945
(Accumulated deficit) retained earnings
Balance at beginning of period		$(705,826)			$114,544
Net income		30,159			37,749
Balance at end of period		$(675,667)			$152,293
Accumulated other comprehensive loss
Balance at beginning of period		$(54,407)			$(51,267)
Other comprehensive (loss) income		(3,543)			6,369
Balance at end of period		$(57,950)			$(44,898)
Non-controlling interests
Balance at beginning of period		$644			$630
Other comprehensive income		—			14
Acquisition of non-controlling interest		(644)			—
Balance at end of period		$—			$644
Total shareholders’ equity		$942,790			$1,747,658

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited)

	Six Months Ended
June 29, 2024 · July 1, 2023
(in thousands, except share amounts) · Shares · Amount · Shares · Amount
Preferred stock, $0.01 par value per share	—		$—	—		$—
Common stock, $0.01 par value per share
Balance at beginning of period	163,965,231		$1,640	167,404,047		$1,674
Stock issued relating to Employee Stock Purchase Plan	43,764		—	26,358		—
Shares issued for exercise/vesting of share-based compensation awards	173,021		2	178,303		2
Forfeiture of restricted stock awards	(99,586)		(1)	(242,147)		(2)
Balance at end of period	164,082,430		$1,641	167,366,561		$1,674
Additional paid-in capital
Balance at beginning of period		$1,652,401			$1,628,904
Share-based compensation expense		22,843			7,049
Exercise of stock options		—			1,500
Stock issued relating to Employee Stock Purchase Plan		502			612
Tax obligations for share-based compensation		(980)			(120)
Balance at end of period		$1,674,766			$1,637,945
(Accumulated deficit) retained earnings
Balance at beginning of period		$(710,087)			$84,795
Net Income		34,420			67,498
Balance at end of period		$(675,667)			$152,293
Accumulated other comprehensive loss
Balance at beginning of period		$(37,875)			$(62,435)
Other comprehensive (loss) income		(20,075)			17,537
Balance at end of period		$(57,950)			$(44,898)
Non-controlling interests
Balance at beginning of period		$644			$631
Other comprehensive income		—			13
Acquisition of non-controlling interest		(644)			—
Balance at end of period		$—			$644
Total shareholders’ equity		$942,790			$1,747,658

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.