Driven Brands Holdings Inc.
For the period ended Sep 27, 2025. Filed Nov 5, 2025.
View on SEC.govAbout 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 27, 2025 · Filed Nov 5, 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 | Nine Months Ended | |||
|---|---|---|---|---|
| (in thousands, except per share amounts) | September 27, 2025 | September 28, 2024 | September 27, 2025 | September 28, 2024 |
| Net revenue: | ||||
| Franchise royalties and fees | $50,824 | $49,475 | $144,714 | $144,549 |
| Company-operated store sales | 331,259 | 298,798 | 978,670 | 884,944 |
| Independently-operated store sales | 51,410 | 49,959 | 189,841 | 163,286 |
| Advertising contributions | 27,883 | 26,823 | 80,249 | 75,804 |
| Supply and other revenue | 74,308 | 77,284 | 209,361 | 234,544 |
| Total net revenue | 535,684 | 502,339 | 1,602,835 | 1,503,127 |
| Operating Expenses: | ||||
| Company-operated store expenses | 193,129 | 177,510 | 565,391 | 525,529 |
| Independently-operated store expenses | 30,178 | 29,382 | 104,713 | 90,693 |
| Advertising expenses | 27,884 | 26,823 | 80,249 | 75,804 |
| Supply and other expenses | 42,552 | 35,779 | 116,939 | 112,531 |
| Selling, general, and administrative expenses | 145,177 | 149,789 | 471,347 | 393,418 |
| Depreciation and amortization | 34,828 | 33,418 | 102,883 | 97,358 |
| Total operating expenses | 473,748 | 452,701 | 1,441,522 | 1,295,333 |
| Operating income | 61,936 | 49,638 | 161,313 | 207,794 |
| Other expenses, net: | ||||
| Interest expense, net | 23,603 | 43,674 | 91,496 | 119,241 |
| Foreign currency transaction (gain) loss, net | (5,419) | 765 | (17,406) | 5,767 |
| Loss on debt extinguishment | 4,549 | 205 | 4,549 | 205 |
| Other expenses, net | 22,733 | 44,644 | 78,639 | 125,213 |
| Income before taxes from continuing operations | 39,203 | 4,994 | 82,674 | 82,581 |
| Income tax (benefit) expense | (21,659) | 16,474 | (7,487) | 45,292 |
| Net income (loss) from continuing operations | $60,862 | $(11,480) | $90,161 | $37,289 |
| Gain on sale of discontinued operations, net of tax | — | — | 37,367 | — |
| Net loss from discontinued operations, net of tax | — | (3,467) | (13,596) | (17,816) |
| Net income (loss) | $60,862 | $(14,947) | $113,932 | $19,473 |
| Basic earnings (loss) per share: | ||||
| Continuing Operations | $0.37 | $(0.07) | $0.55 | $0.23 |
| Discontinued Operations | — | (0.02) | 0.14 | (0.11) |
| Net basic earnings (loss) per share | $0.37 | $(0.09) | $0.69 | $0.12 |
| Diluted earnings (loss) per share: | ||||
| Continuing Operations | $0.37 | $(0.07) | $0.55 | $0.23 |
| Discontinued Operations | — | (0.02) | 0.14 | (0.11) |
| Net diluted earnings (loss) per share | $0.37 | $(0.09) | $0.69 | $0.12 |
| Weighted average shares outstanding | ||||
| Basic | 163,900 | 159,804 | 162,434 | 159,743 |
| Diluted | 165,124 | 159,804 | 163,686 | 160,713 |
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