Driven Brands Holdings Inc

For the period ended Sep 28, 2024. Filed Nov 7, 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.

Sep 28, 2024 · Filed Nov 7, 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
September 28, 2024 · September 30, 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	164,082,430		$1,641	167,366,561		$1,674
Stock issued relating to Employee Stock Purchase Plan	29,432		—	56,188		1
Shares issued for exercise/vesting of share-based compensation awards	1,932		—	169,784		1
Shares repurchased	—		—	(3,601,694)		(36)
Forfeiture of restricted stock awards	—		—	(31,614)		(1)
Balance at end of period	164,113,794		$1,641	163,959,225		$1,639
Additional paid-in capital
Balance at beginning of period		$1,674,766			$1,637,945
Share-based compensation expense		12,798			2,681
Exercise of stock options		—			4,737
Stock issued relating to Employee Stock Purchase Plan		402			1,468
Tax obligations for share-based compensation		(18)			—
Balance at end of period		$1,687,948			$1,646,831
(Accumulated deficit) retained earnings
Balance at beginning of period		$(675,667)			$152,293
Shares repurchased		—			(49,920)
Net loss		(14,947)			(799,311)
Balance at end of period		$(690,614)			$(696,938)
Accumulated other comprehensive loss
Balance at beginning of period		$(57,950)			$(44,898)
Other comprehensive income (loss)		21,782			(26,338)
Balance at end of period		$(36,168)			$(71,236)
Non-controlling interests
Balance at beginning of period		$—			$644
Other comprehensive loss		—			(13)
Balance at end of period		$—			$631
Total shareholders’ equity		$962,807			$880,927

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited)

	Nine Months Ended
September 28, 2024 · September 30, 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	73,196		—	82,546		1
Shares issued for exercise/vesting of share-based compensation awards	174,953		2	348,087		3
Share repurchases	—		—	(3,601,694)		(36)
Forfeiture of restricted stock awards	(99,586)		(1)	(273,761)		(3)
Balance at end of period	164,113,794		$1,641	163,959,225		$1,639
Additional paid-in capital
Balance at beginning of period		$1,652,401			$1,628,904
Share-based compensation expense		35,641			9,730
Exercise of stock options		—			6,117
Stock issued relating to Employee Stock Purchase Plan		904			2,080
Tax obligations for share-based compensation		(998)			—
Balance at end of period		$1,687,948			$1,646,831
(Accumulated deficit) retained earnings
Balance at beginning of period		$(710,087)			$84,795
Share repurchases		—			(49,920)
Net Income (loss)		19,473			(731,813)
Balance at end of period		$(690,614)			$(696,938)
Accumulated other comprehensive loss
Balance at beginning of period		$(37,875)			$(62,435)
Other comprehensive income (loss)		1,707			(8,801)
Balance at end of period		$(36,168)			$(71,236)
Non-controlling interests
Balance at beginning of period		$644			$631
Acquisition of non-controlling interest		(644)			—
Balance at end of period		$—			$631
Total shareholders’ equity		$962,807			$880,927

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.