secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001193125-22-269034
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands Q3 revenue up 39% to $516.6M; raises FY guidance on strong same-store sales
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- Revenue $516.6M (+39% YoY); system-wide sales $1.5B (+22%). Net income $38.4M ($0.23 diluted EPS); adjusted EPS $0.32.
- Consolidated same-store sales +11.9%; Maintenance +14.4%, Paint/Collision/Glass +15.7%, Car Wash -9.0% (FX impact -560bps).
- Adjusted EBITDA $129.4M (+32%); FY2022 guidance raised: revenue ~$2.0B, adjusted EBITDA ~$503M, adjusted EPS ~$1.21.
- Closed $365M whole business securitization post-quarter for general corporate purposes and to repay revolver.
- Added 101 net new stores in Q3; full-year net store growth expected ~370 stores.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000119312522269034/0001193125-22-269034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000119312522269034/d408899d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-269034

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