secwatch.observer — SEC 8-K summary
======================================

Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001193125-23-044120
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000119312523044120/0001193125-23-044120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000119312523044120/d450827d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-044120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer