{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-044120","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2023-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.651034+00:00","generated_at":"2026-06-19T05:17:20.399531+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Driven Brands FY2022 revenue $2.0B (+39% YoY); guides FY2023 Adj. EBITDA ~$590M","bullets":["FY2022 revenue $2.0B (+39% YoY); net income $43.2M ($0.25 diluted EPS) vs $9.6M prior year.","Adjusted Net Income $207.9M ($1.22 diluted EPS), up 41%; Adjusted EBITDA $513.8M, up 42%.","Q4 revenue $539.7M (+38% YoY); Q4 Adj. EBITDA $130.5M (+54%); same-store sales +11%.","FY2023 guidance: revenue ~$2.35B, Adj. EBITDA ~$590M, Adj. EPS ~$1.21, same-store sales growth 5-7%.","Car Wash segment same-store sales declined 3.9% in FY2022 and 10.1% in Q4 due to FX headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-044120","json":"https://secwatch.observer/filing/0001193125-23-044120.json","markdown":"https://secwatch.observer/filing/0001193125-23-044120.md","text":"https://secwatch.observer/filing/0001193125-23-044120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523044120/0001193125-23-044120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523044120/d450827d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T05:17:20.399531+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0ec5fa616391d3c9aaffae10d1614b2d04517e01","claim":"Driven Brands Holdings Inc. reported the fiscal year ended December 31, 2022 results: revenue $2.0 billion, net income $43.2 million, EPS $0.25 per diluted share. Guidance initiated.","evidence_excerpt":"For the fiscal year, Driven Brands delivered revenue of $2.0 billion, up 39 percent versus the prior year. System-wide sales were $5.6 billion, up 24 percent versus the prior year with 14 percent same-store sales growth and 9 percent net store growth. Net income increased $33.6 million versus the prior year to $43.2 million or $0.25 per diluted share inclusive of a $125.5 million one-time non-cash impairment charge related to intangible assets in the second quarter as a result of the Company’s decision to re-brand its U.S. car wash business.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523044120/0001193125-23-044120-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$2.0 billion"},{"label":"Net income","value":"$43.2 million"},{"label":"EPS","value":"$0.25 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c4ccb083883af6334b6ec4a5e771b15e18c07013","claim":"Driven Brands Holdings Inc. reported the fourth quarter ended December 31, 2022 results: revenue $539.7 million, net income $27.4 million, EPS $0.16 per diluted share. Guidance initiated.","evidence_excerpt":"For the fourth quarter, Driven Brands delivered revenue of $539.7 million, up 38 percent versus the prior year. System-wide sales were $1.5 billion, up 24 percent versus the prior year with 11 percent same-store sales growth and 9 percent net store growth. Net income increased $66.2 million versus the prior year to $27.4 million or $0.16 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523044120/0001193125-23-044120-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$539.7 million"},{"label":"Net income","value":"$27.4 million"},{"label":"EPS","value":"$0.16 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}