Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the second quarter ending June 28, 2025.

For the second quarter, Driven Brands delivered revenue of $551.0 million, an increase of 6.2% versus the prior year. System-wide sales increased 3.1% to $1.6 billion, driven by a 1.7% increase in same store sales and 3.9% increase in store count versus the prior year.

Net income from continuing operations was $11.8 million or $0.07 per diluted share versus net income from continuing operations of $37.2 million or $0.22 per diluted share in the prior year. Adjusted Net Income1 was $59.1 million or $0.36 per diluted share versus $60.4 million or $0.37 per diluted share in the prior year. Adjusted EBITDA1 was $143.2 million, a decrease of $0.2 million versus the prior year.

“In the second quarter, we delivered another strong performance, with consistent results across same store sales, revenue, adjusted EBITDA, and adjusted earnings per share. We continued our disciplined debt reduction strategy and achieved pro forma net leverage of 3.9x following the sale of the U.S. car wash seller note in July. These results demonstrate the power of our diversified platform and our growth and cash playbook. Take 5 Oil Change remains at the forefront through industry-leading growth, achieving its 20th consecutive quarter of same store sales growth. I'm proud of how our team and franchise partners continue to execute with focus and discipline in this dynamic macro environment,” said Danny Rivera, President and Chief Executive Officer.

“Looking ahead, I am confident in our ability to continue to deliver sustainable growth, as we have the right people, the right model, and the right momentum to win. With Take 5 Oil Change's proven operating model, our franchise brands' consistent cash generation, and our team's focused execution, we're well-positioned to execute on our key priorities of driving continued growth, generating robust free cash flow, and reducing leverage to generate long-term value for our shareholders,” Rivera continued.

Second Quarter 2025 Key Performance Indicators by Segment

System-wide Sales
(in millions)

Store Count

Same Store Sales2

Revenue
(in millions)

Adjusted EBITDA
(in millions)

Take 5

$

406.6

1,244

6.6

%

$

304.2

$

108.2

Franchise Brands

1,075.2

2,673

(1.5

)%

74.6

45.4

Car Wash

71.8

718

19.4

%

73.4

27.3

Corporate and Other

71.2

214

N/A

98.8

(37.7

)

Total

$

1,624.8

4,849

1.7

%

$

551.0

$

143.2

Capital and Liquidity

The Company ended the second quarter with total liquidity of $654.8 million consisting of $166.1 million in cash and cash equivalents and $488.7 million of undrawn capacity on its variable funding securitization senior notes and revolving credit facility. This did not include the additional $135.0 million Series 2022 Class A-1 Notes that expand the Company’s variable funding note borrowing capacity if the Company elects to exercise them, assuming certain conditions continue to be met.

Seller Note Divestiture

On July 25, 2025, Driven Brands divested the seller note received in connection with the sale of the former U.S. car wash business for $113.0 million in cash proceeds. Net proceeds were used to pay off all outstanding term loan principal as well as $65.0 million of the drawn balance on its revolving credit facility. The reduction in debt resulted in pro forma net leverage of 3.9x Adjusted EBITDA.

Fiscal Year 2025 Outlook

The Company reaffirms its financial outlook for fiscal year ending December 27, 2025.

2025 Outlook

Revenue

~$2.05 - $2.15 billion

Adjusted EBITDA1

~$520 - $550 million

Adjusted Diluted EPS1

~$1.15 - $1.25

The Company also continues to expect:

  • Same store sales growth of 1% - 3%
  • Net store growth of approximately 175 - 200

Note: 2025 Outlook excludes the impact of any potential M&A and divestitures other than the completed sale of the U.S. car wash business.

1 Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP financial measures. See “Reconciliation of Non-GAAP Financial Measures” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA and Adjusted EPS are made in a manner consistent with the relevant definitions and assumptions noted herein.

2 The Company does not provide same store sales results for Corporate and Other as it is a non-reportable segment. The same store sales results for any applicable businesses within Corporate and Other are included in the Company’s overall same store sales results.

Conference Call

Driven Brands will host a conference call to discuss second quarter 2025 results today, Tuesday, August 5, at 8:30 a.m. ET. The call will be available by webcast and can be accessed by visiting Driven Brands’ Investor Relations website at investors.drivenbrands.com. A replay of the call will be available for at least three months.

About Driven Brands

Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. Driven Brands has approximately 4,800 locations across the United States and 13 other countries, and services tens of millions of vehicles annually. Driven Brands’ network generates approximately $2.0 billion in annual revenue from approximately $6.2 billion in system-wide sales.

Disclosure Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this Press Release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, trends, plans, objectives of management, impact of accounting standards and outlook, impairments, and expected market growth are forward-looking statements. In particular, forward-looking statements include, among other things, statements relating to: (i) potential post-closing obligations and liabilities relating to the sale of our U.S. car wash business; (ii) the current geopolitical environment, including the impact, both direct and indirect, of government actions, such as proposed and enacted tariffs; (iii) our strategy, outlook, and growth prospects; (iv) our operational and financial targets and dividend policy; (v) general economic trends and trends in the industry and markets; (vi) the risks and costs associated with the integration of, and or ability to integrate, our stores and business units successfully; (vii) the proper application of generally accepted accounting principles, which are highly complex and involve many subjective assumptions, estimates, and judgments; and (viii) the competitive environment in which we operate. Forward-looking statements are not based on historical facts, but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions, and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 28, 2024 as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended

Six Months Ended

(in thousands, except per share amounts)

June 28, 2025

June 29, 2024

June 28, 2025

June 29, 2024

Net revenue:

Franchise royalties and fees

$

49,180

$

50,029

$

93,890

$

95,074

Company-operated store sales

333,280

301,917

647,411

586,146

Independently-operated store sales

71,791

60,280

138,431

113,327

Advertising contributions

27,041

24,911

52,366

48,981

Supply and other revenue

69,696

81,659

135,053

157,260

Total net revenue

550,988

518,796

1,067,151

1,000,788

Operating Expenses:

Company-operated store expenses

190,396

178,677

372,262

348,019

Independently-operated store expenses

38,060

31,956

74,535

61,311

Advertising expenses

27,040

24,911

52,365

48,981

Supply and other expenses

39,359

40,536

74,387

76,752

Selling, general, and administrative expenses

183,118

119,818

326,170

243,629

Depreciation and amortization

34,903

32,824

68,055

63,940

Total operating expenses

512,876

428,722

967,774

842,632

Operating income

38,112

90,074

99,377

158,156

Other expenses, net:

Interest expense, net

31,359

31,816

67,893

75,567

Foreign currency transaction (gain) loss, net

(12,197

)

681

(11,987

)

5,002

Other expenses, net

19,162

32,497

55,906

80,569

Income before taxes from continuing operations

18,950

57,577

43,471

77,587

Income tax expense

7,141

20,360

14,172

28,818

Net income from continuing operations

$

11,809

$

37,217

$

29,299

$

48,769

Gain on sale of discontinued operations, net of tax

37,367

—

37,367

—

Net loss from discontinued operations, net of tax

(1,612

)

(7,058

)

(13,596

)

(14,349

)

Net income

$

47,564

$

30,159

$

53,070

$

34,420

Basic earnings (loss) per share:

Continuing Operations

$

0.07

$

0.22

$

0.18

$

0.30

Discontinued Operations

0.22

(0.04

)

0.15

(0.09

)

Net basic earnings per share

$

0.29

$

0.18

$

0.33

$

0.21

Diluted earnings (loss) per share:

Continuing Operations

$

0.07

$

0.22

$

0.18

$

0.30

Discontinued Operations

0.22

(0.04

)

0.15

(0.09

)

Net diluted earnings per share

$

0.29

$

0.18

$

0.33

$

0.21

Weighted average shares outstanding

Basic

162,833

159,795

161,701

159,713

Diluted

164,150

160,765

162,984

160,683

DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(in thousands, except share and per share amounts)

June 28, 2025

December 28, 2024

Assets

Current assets:

Cash and cash equivalents

$

166,131

$

149,573

Restricted cash

334

358

Accounts and notes receivable, net

213,143

177,654

Inventory

67,165

66,539

Prepaid and other assets

45,481

37,841

Income tax receivable

11,279

14,294

Advertising fund assets, restricted

64,031

49,716

Assets held for sale

64,904

77,616

Seller note receivable

113,000

—

Current assets of discontinued operations

—

83,847

Total current assets

745,468

657,438

Other assets

104,685

125,422

Property and equipment, net

759,495

711,505

Operating lease right-of-use assets

553,128

524,442

Deferred commissions

7,549

7,246

Intangibles, net

662,907

665,896

Goodwill

1,441,595

1,403,056

Deferred tax assets

8,687

8,206

Non-current assets of discontinued operations

—

1,158,576

Total assets

$

4,283,514

$

5,261,787

Liabilities and shareholders' equity

Current liabilities:

Accounts payable

$

118,887

$

85,843

Accrued expenses and other liabilities

207,845

193,638

Income tax payable

5,281

6,860

Current portion of long-term debt

282,189

32,232

Income tax receivable liability

22,676

22,676

Advertising fund liabilities

24,200

22,030

Current liabilities of discontinued operations

—

70,616

Total current liabilities

661,078

433,895

Long-term debt

2,094,535

2,656,308

Deferred tax liabilities

96,994

87,485

Operating lease liabilities

525,597

491,282

Income tax receivable liability

110,907

110,935

Deferred revenue

30,162

31,314

Long-term accrued expenses and other liabilities

20,846

20,122

Non-current liabilities of discontinued operations

—

823,112

Total liabilities

3,540,119

4,654,453

Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding

—

—

Common stock, $0.01 par value, 900,000,000 shares authorized: and 164,274,617 and 163,842,248 shares outstanding; respectively

1,643

1,638

Additional paid-in capital

1,720,825

1,699,851

Accumulated deficit

(949,513

)

(1,002,583

)

Accumulated other comprehensive loss

(29,560

)

(91,572

)

Total shareholders’ equity

743,395

607,334

Total liabilities and shareholders' equity

$

4,283,514

$

5,261,787

DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Six Months Ended

(in thousands)

June 28, 2025

June 29, 2024

Net income

$

53,070

$

34,420

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

70,281

87,862

Share-based compensation expense

23,078

22,843

(Gain) loss on foreign denominated transactions

(17,630

)

9,923

Loss (gain) on foreign currency derivatives

5,643

(4,921

)

(Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions

(27,694

)

13,406

Loss on fair value of seller note receivable

17,000

—

Reclassification of interest rate hedge to income

(1,033

)

(1,044

)

Bad debt expense

9,293

1,738

Asset impairment charges and lease terminations

18,460

2,058

Amortization of deferred financing costs and bond discounts

6,206

4,933

Amortization of cloud computing

9,136

2,414

Provision for deferred income taxes

2,215

5,036

Other, net

(24,230

)

7,322

Changes in operating assets and liabilities, net of acquisitions:

Accounts and notes receivable, net

(42,397

)

(47,245

)

Inventory

773

11,310

Prepaid and other assets

(4,667

)

7,986

Advertising fund assets and liabilities, restricted

(11,599

)

(12,220

)

Other assets

(104

)

(47,699

)

Deferred commissions

303

(428

)

Deferred revenue

(1,164

)

971

Accounts payable

28,707

3,968

Accrued expenses and other liabilities

43,260

8,022

Income tax receivable

(1,380

)

(3,431

)

Cash provided by operating activities

155,527

107,224

Cash flows from investing activities:

Capital expenditures

(118,809

)

(155,920

)

Cash used in business acquisitions, net of cash acquired

(6,034

)

(2,759

)

Proceeds from sale leaseback transactions

22,810

11,808

Proceeds from sale or disposal of businesses and fixed assets

259,585

112,845

Cash provided by (used in) investing activities

157,552

(34,026

)

Cash flows from financing activities:

Payment of debt extinguishment and issuance costs

(1,414

)

(871

)

Repayment of long-term debt

(305,446

)

(34,005

)

Proceeds from revolving lines of credit and short-term debt

65,000

46,000

Repayment of revolving lines of credit and short-term debt

(75,000

)

(71,000

)

Repayment of principal portion of finance lease liability

(2,440

)

(2,199

)

Payment of Tax Receivable Agreement

—

(38,362

)

Acquisition of non-controlling interest

—

(644

)

Purchase of common stock

—

(2

)

Tax obligations for share-based compensation

(2,582

)

(980

)

Cash used in financing activities

(321,882

)

(102,063

)

Effect of exchange rate changes on cash

5,464

(1,615

)

Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted

(3,339

)

(30,480

)

Cash and cash equivalents, beginning of period

169,954

176,522

Cash included in advertising fund assets, restricted, beginning of period

38,930

38,537

Restricted cash, beginning of period

358

657

Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period

209,242

215,716

Cash and cash equivalents, end of period

166,131

148,814

Cash included in advertising fund assets, restricted, end of period

39,438

32,008

Restricted cash, end of period

334

4,414

Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period

$

205,903

$

185,236

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this earnings release to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The Company has provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this earnings release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this earnings release. The non-GAAP financial measures in this earnings release may differ from similarly titled measures used by other companies.

Non-GAAP Financial Measures in Outlook

Driven Brands includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (“Adjusted EBITDA”) and Adjusted Earnings per Share (“Adjusted EPS”) in the Company’s Fiscal Year 2025 Outlook. Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures and have not been reconciled to the most comparable GAAP financial measures because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide an outlook for the comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA and Adjusted EPS are made in a manner consistent with the relevant definitions and assumptions noted herein and in our filings with the SEC.

Adjusted Net Income and Adjusted Earnings Per Share

Adjusted Net Income and Adjusted EPS are considered non-GAAP financial measures under the SEC’s rules because they exclude certain amounts included in the net income attributable to Driven Brands common stockholders and diluted earnings per share attributable to Driven Brands common stockholders calculated in accordance with GAAP. Management believes that Adjusted Net Income and Adjusted EPS are meaningful measures to share with investors because they facilitate comparison of the current period performance with that of the comparable prior period. In addition, Adjusted Net Income and Adjusted EPS afford investors a view of what management considers to be Driven Brands’ core earnings performance as well as the ability to make a more informed assessment of such earnings performance with that of the prior period.

The tables below reflect the calculation of Adjusted Net Income and Adjusted Earnings Per Share for the three and six months ended June 28, 2025, compared to the three and six months ended June 29, 2024.

Net Income to Adjusted Net Income and Adjusted Earnings Per Share (Unaudited)

Three Months Ended

Six Months Ended

(in thousands, except per share data)

June 28, 2025

June 29, 2024

June 28, 2025

June 29, 2024

Net income from continuing operations

$

11,809

$

37,217

$

29,299

$

48,769

Adjustments:

Acquisition related costs(a)

983

264

998

1,965

Non-core items and project costs, net(b)

8,969

5,031

14,213

9,742

Cloud computing amortization(c)

7,255

1,069

9,136

2,414

Share-based compensation expense(d)

11,290

10,982

23,078

22,843

Foreign currency transaction (gain) loss, net(e)

(12,197

)

681

(11,987

)

5,002

Asset sale leaseback (gain) loss, net, impairment, notes receivable loss, and closed store expenses(f)

41,727

3,201

53,480

7,177

Amortization related to acquired intangible assets(g)

4,528

5,923

9,187

12,338

Valuation allowance for deferred tax asset(h)

2,135

121

2,434

1,255

Adjusted net income before tax impact of adjustments

76,499

64,489

129,838

111,505

Tax impact of adjustments(i)

(17,359

)

(4,111

)

(26,519

)

(11,115

)

Adjusted net income from continuing operations

$

59,140

$

60,378

$

103,319

$

100,390

Basic earnings per share from continuing operations

$

0.07

$

0.22

$

0.18

$

0.30

Diluted earnings per share from continuing operations

$

0.07

$

0.22

$

0.18

$

0.30

Adjusted basic earnings per share from continuing operations(1)

$

0.36

$

0.37

$

0.63

$

0.62

Adjusted diluted earnings per share from continuing operations(1)

$

0.36

$

0.37

$

0.63

$

0.62

Weighted average shares outstanding

Basic

162,833

159,795

161,701

159,713

Diluted

164,150

160,765

162,984

160,683

(1)

Adjusted Earnings Per Share is calculated under the two-class method. Under the two-class method, adjusted earnings per share is calculated using adjusted net income attributable to common shares, which is derived by reducing adjusted net income by the amount attributable to participating securities. Adjusted Net Income attributable to participating securities used in the basic earnings per share calculations was less than $1 million and $1 million for the three and six months ended June 28, 2025, respectively, and $1 million and $2 million for the three and six months ended June 29, 2024, respectively. Adjusted Net Income attributable to participating securities used in the diluted earnings per share calculation was less than $1 million for the three and six months ended June 28, 2025 and June 29, 2024.

Adjusted EBITDA

Adjusted EBITDA is considered a non-GAAP financial measure under the Securities and Exchange Commission’s (“SEC”) rules because it excludes certain amounts included in net income calculated in accordance with GAAP. Management believes that Adjusted EBITDA is a meaningful measure to share with investors because it facilitates comparison of the current period performance with that of the comparable prior period. In addition, Adjusted EBITDA affords investors a view of what management considers to be Driven Brand’s core operating performance as well as the ability to make a more informed assessment of such operating performance as compared with that of the prior period.

Please see the company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, filed with the SEC on February 26, 2025, for additional information on Adjusted EBITDA. The tables below reflect the calculation of Adjusted EBITDA for the three and six months ended June 28, 2025, compared to the three and six months ended June 29, 2024.

Net Income to Adjusted EBITDA Reconciliation (Unaudited)

Three Months Ended

Six Months Ended

(in thousands)

June 28, 2025

June 29, 2024

June 28, 2025

June 29, 2024

Net income from continuing operations

$

11,809

$

37,217

$

29,299

$

48,769

Income tax expense

7,141

20,360

14,172

28,818

Interest expense, net

31,359

31,816

67,893

75,567

Depreciation and amortization

34,903

32,824

68,055

63,940

EBITDA

85,212

122,217

179,419

217,094

Acquisition related costs(a)

983

264

998

1,965

Non-core items and project costs, net(b)

8,969

5,031

14,213

9,742

Cloud computing amortization(c)

7,255

1,069

9,136

2,414

Share-based compensation expense(d)

11,290

10,982

23,078

22,843

Foreign currency transaction (gain) loss, net(e)

(12,197

)

681

(11,987

)

5,002

Asset sale leaseback (gain) loss, net, impairment, notes receivable loss, and closed store expenses(f)

41,727

3,201

53,480

7,177

Adjusted EBITDA

$

143,239

$

143,445

$

268,337

$

266,237

Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings Per Share Footnotes

(a)

Consists of acquisition costs as reflected within the consolidated statements of operations, including legal, consulting and other fees, and expenses incurred in connection with acquisitions completed during the applicable period, as well as inventory rationalization expenses incurred in connection with acquisitions. As acquisitions occur in the future we expect to incur similar costs and, under U.S. GAAP, such costs relating to acquisitions are expensed as incurred and not capitalized.

(b)

Consists of discrete items and project costs, including third-party professional costs associated with strategic transformation initiatives as well as non-recurring payroll-related costs.

(c)

Includes non-cash amortization expenses relating to cloud computing arrangements.

(d)

Represents non-cash share-based compensation expense.

(e)

Represents foreign currency transaction (gains) losses, net that primarily related to the remeasurement of our intercompany loans as well as gains and losses on cross currency swaps and forward contracts.

(f)

Consists of the following items (i) (gains) losses, net on sale leasebacks, disposal of assets, or sale of business; (ii) net losses (gains) on sale for assets held for sale; (iii) impairment of certain fixed assets and operating lease right-of-use assets related to closed and underperforming locations, lease exit costs and other costs associated with stores that were closed prior to the respective lease termination dates; and (iv) unrealized loss on fair value of the Seller Note Receivable.

(g)

Consists of amortization related to acquired intangible assets as reflected within depreciation and amortization in the consolidated statement of operations.

(h)

Represents valuation allowances on income tax carryforwards in certain domestic jurisdictions that are not more likely than not to be realized.

(i)

Represents the tax impact of adjustments associated with the reconciling items between net income (loss) and Adjusted Net Income, excluding the provision for uncertain tax positions and valuation allowance for certain deferred tax assets. To determine the tax impact of the deductible reconciling items, we utilized statutory income tax rates ranging from 9% to 36% depending upon the tax attributes of each adjustment and the applicable jurisdiction.

DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES

ADJUSTED EBITDA RECONCILIATION (UNAUDITED)

Three Months Ended

Six Months Ended

(in thousands)

June 28, 2025

June 29, 2024

June 28, 2025

June 29, 2024

Take 5

$

108,153

$

98,408

$

209,071

$

187,296

Franchise Brands

45,443

54,204

89,826

101,793

Car Wash

27,297

22,215

51,685

40,200

Corporate and Other

(37,654

)

(31,382

)

(82,245

)

(63,052

)

Adjusted EBITDA

$

143,239

$

143,445

$

268,337

$

266,237

DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES

ADDITIONAL INFORMATION ON KEY PERFORMANCE INDICATORS (UNAUDITED)

Three Months Ended June 28, 2025

(in thousands)

Take 5

Franchise
Brands

Car Wash

Corporate
and Other

Total

System-wide Sales

Franchise stores

$

149,119

$

1,070,582

$

—

$

—

$

1,219,701

Company-operated stores

257,449

4,654

—

71,177

333,280

Independently operated stores

—

—

71,791

—

71,791

Total System-wide Sales

$

406,568

$

1,075,236

$

71,791

$

71,177

$

1,624,772

Store Count (in whole numbers)

Franchise stores

485

2,660

—

—

3,145

Company-operated stores

759

13

—

214

986

Independently operated stores

—

—

718

—

718

Total Store Count

1,244

2,673

718

214

4,849

Three Months Ended June 29, 2024

(in thousands)

Take 5

Franchise
Brands

Car Wash

Corporate
and Other

Total

System-wide Sales

Franchise stores

$

116,022

$

1,097,823

$

—

$

—

$

1,213,845

Company-operated stores

230,809

5,143

—

65,965

301,917

Independently operated stores

—

—

60,280

—

60,280

Total System-wide Sales

$

346,831

$

1,102,966

$

60,280

$

65,965

$

1,576,042

Store Count (in whole numbers)

Franchise stores

399

2,636

—

—

3,035

Company-operated stores

676

14

—

220

910

Independently operated stores

—

—

720

—

720

Total Store Count

1,075

2,650

720

220

4,665

Six Months Ended June 28, 2025

(in thousands)

Take 5

Franchise
Brands

Car Wash

Corporate
and Other

Total

System-wide Sales

Franchise stores

$

285,807

$

2,099,956

$

—

$

—

$

2,385,763

Company-operated stores

508,249

8,646

—

130,516

647,411

Independently operated stores

—

—

138,431

—

138,431

Total System-wide Sales

$

794,056

$

2,108,602

$

138,431

$

130,516

$

3,171,605

Store Count (in whole numbers)

Franchise stores

485

2,660

—

—

3,145

Company-operated stores

759

13

—

214

986

Independently operated stores

—

—

718

—

718

Total Store Count

1,244

2,673

718

214

4,849

Six Months Ended June 29, 2024

(in thousands)

Take 5

Franchise
Brands

Car Wash

Corporate
and Other

Total

System-wide Sales

Franchise stores

$

221,578

$

2,167,895

$

—

$

—

$

2,389,473

Company-operated stores

451,680

9,612

—

124,854

586,146

Independently operated stores

—

—

113,327

—

113,327

Total System-wide Sales

$

673,258

$

2,177,507

$

113,327

$

124,854

$

3,088,946

Store Count (in whole numbers)

Franchise stores

399

2,636

—

—

3,035

Company-operated stores

676

14

—

220

910

Independently operated stores

—

—

720

—

720

Total Store Count

1,075

2,650

720

220

4,665

View source version on businesswire.com: https://www.businesswire.com/news/home/20250805659164/en/

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