secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001193125-22-202610
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands Q2 revenue up 36% to $508.6M; raises FY2022 guidance
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- Revenue $508.6M (+36% YoY); system-wide sales $1.4B (+22%); consolidated same-store sales +13.2%.
- Net loss $(57.0)M ($(0.34)/share) due to $125.5M non-cash impairment for car wash rebranding; adjusted EPS $0.35.
- Segment same-store sales: Maintenance +15%, Car Wash -2.7% (+2.6% ex-FX), Paint/Collision/Glass +16.1%, Platform +11.8%.
- Raised FY2022 guidance: revenue ~$2.0B, adjusted EBITDA ~$495M, adjusted EPS ~$1.17.
- Added 80 net new stores in quarter; total store count 4,606.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000119312522202610/0001193125-22-202610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000119312522202610/d353000d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-202610

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