---
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"
generated_at: "2026-06-19T05:17:20.399531+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Driven Brands FY2022 revenue $2.0B (+39% YoY); guides FY2023 Adj. EBITDA ~$590M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-044120
- JSON: https://secwatch.observer/filing/0001193125-23-044120.json
- Plain text: https://secwatch.observer/filing/0001193125-23-044120.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $2.0 billion
  - Net income: $43.2 million
  - EPS: $0.25 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1804745/000119312523044120/0001193125-23-044120-index.htm
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $539.7 million
  - Net income: $27.4 million
  - EPS: $0.16 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1804745/000119312523044120/0001193125-23-044120-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.