Driven Brands Holdings Inc
For the period ended Mar 29, 2025. Filed May 8, 2025.
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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.
Mar 29, 2025 · Filed May 8, 2025
DRVN$11.89-1.6%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
| Three Months Ended | ||
|---|---|---|
| (in thousands, except per share amounts) | March 29, 2025 | March 30, 2024 |
| Net revenue: | ||
| Franchise royalties and fees | $44,710 | $45,045 |
| Company-operated store sales | 314,131 | 284,229 |
| Independently-operated store sales | 66,640 | 53,047 |
| Advertising contributions | 25,325 | 24,070 |
| Supply and other revenue | 65,357 | 75,601 |
| Total net revenue | 516,163 | 481,992 |
| Operating Expenses: | ||
| Company-operated store expenses | 181,866 | 169,342 |
| Independently-operated store expenses | 36,475 | 29,355 |
| Advertising expenses | 25,325 | 24,070 |
| Supply and other expenses | 35,028 | 36,216 |
| Selling, general, and administrative expenses | 143,052 | 123,811 |
| Depreciation and amortization | 33,152 | 31,116 |
| Total operating expenses | 454,898 | 413,910 |
| Operating income | 61,265 | 68,082 |
| Other expenses, net: | ||
| Interest expense, net | 36,534 | 43,751 |
| Foreign currency transaction loss, net | 210 | 4,321 |
| Other expenses, net | 36,744 | 48,072 |
| Income before taxes from continuing operations | 24,521 | 20,010 |
| Income tax expense | 7,031 | 8,458 |
| Net income from continuing operations | $17,490 | $11,552 |
| Net loss from discontinued operations, net of tax | $(11,984) | $(7,291) |
| Net income | $5,506 | $4,261 |
| Basic earnings (loss) per share: | ||
| Continuing Operations | $0.11 | $0.07 |
| Discontinued Operations | (0.07) | (0.04) |
| Net basic earnings per share | $0.04 | $0.03 |
| Diluted earnings (loss) per share: | ||
| Continuing Operations | $0.11 | $0.07 |
| Discontinued Operations | (0.07) | (0.05) |
| Net diluted earnings per share | $0.04 | $0.02 |
| Weighted average shares outstanding | ||
| Basic | 160,568 | 159,631 |
| Diluted | 161,818 | 160,604 |
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