Driven Brands Holdings, Inc. ( (DRVN) ) has released its Q2 earnings. Here is a breakdown of the information Driven Brands Holdings, Inc. presented to its investors.
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Driven Brands Holdings Inc., headquartered in Charlotte, NC, is the largest automotive services company in North America, offering a wide range of consumer and commercial automotive services including paint, collision, glass, vehicle repair, oil change, maintenance, and car wash services. The company operates approximately 4,800 locations across the United States and 13 other countries, servicing tens of millions of vehicles annually.
Driven Brands Holdings Inc. reported its financial results for the second quarter of 2025, showcasing a steady performance with a revenue increase of 6.2% to $551.0 million compared to the previous year. The company also marked its 18th consecutive quarter of same-store sales growth, driven by its Take 5 segment, which delivered a 15% revenue growth and a 7% increase in same-store sales.
Key financial metrics revealed a system-wide sales increase of 3.1% to $1.6 billion, supported by a 1.7% rise in same-store sales and a 3.9% increase in store count. Despite these gains, net income from continuing operations fell to $11.8 million, or $0.07 per diluted share, from $37.2 million, or $0.22 per diluted share, in the previous year. Adjusted EBITDA slightly decreased to $143.2 million, reflecting a $0.2 million dip from the prior year.
The company continues to focus on debt reduction, achieving a pro forma net leverage ratio of 3.9x Adjusted EBITDA following the sale of the U.S. car wash seller note. Driven Brands reaffirmed its fiscal year 2025 outlook, projecting revenue between $2.05 billion and $2.15 billion, with adjusted EBITDA expected to range from $520 million to $550 million.
Looking ahead, Driven Brands remains optimistic about its growth prospects, emphasizing its strategic priorities of driving continued growth, generating robust free cash flow, and reducing leverage. The management is confident in the company’s ability to deliver sustainable growth, leveraging its diversified platform and disciplined execution to create long-term value for shareholders.