{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-133100","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.677556+00:00","generated_at":"2026-06-16T01:27:12.972580+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Driven Brands Q1 revenue up 20% to $562.5M, reaffirms FY2023 guidance","bullets":["Revenue $562.5M (+20% YoY); system-wide sales $1.5B (+19%); same-store sales +9%.","Net income $29.7M (-14% YoY), $0.17 diluted EPS; adjusted net income $42.3M (-11%), $0.25 adj EPS.","Adjusted EBITDA $127.8M (+8% YoY); Car Wash SSS -11.3%, Maintenance +12.6%, Paint/Collision +14.1%.","Added 59 net new stores (7% growth); total store count 4,864.","FY2023 guidance reaffirmed: revenue ~$2.35B, adj EBITDA ~$590M, adj EPS ~$1.21."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-133100","json":"https://secwatch.observer/filing/0001193125-23-133100.json","markdown":"https://secwatch.observer/filing/0001193125-23-133100.md","text":"https://secwatch.observer/filing/0001193125-23-133100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523133100/0001193125-23-133100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523133100/d272537d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T01:27:12.972580+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":"67bc34b947ba2551b18a4f567b4c1b24f388fa37","claim":"Driven Brands Holdings Inc. reported first quarter ended April 1, 2023 results: revenue $562.5 million, net income $29.7 million, EPS $0.17. Guidance reaffirmed.","evidence_excerpt":"Driven Brands Holdings Inc. Reports Strong First Quarter Results • Revenue increased 20 percent powered by 9 percent same-store sales growth and 7 percent net store growth • Reaffirms fiscal 2023 guidance, reflecting continued market shares gains and resilient needs-based category Charlotte, N.C. (May 3, 2023) - Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the first quarter ended April 1, 2023. For the first quarter, Driven Brands delivered revenue of $562.5 million, up 20 percent versus the prior year. System-wide sales were $1.5 billion, up 19 percent versus the prior year driven by 9 percent same-store sales growth and 7 percent net store growth. Net Income decreased 14 percent versus the prior year to $29.7 million or $0.17 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804745/000119312523133100/0001193125-23-133100-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended April 1, 2023"},{"label":"Revenue","value":"$562.5 million"},{"label":"Net income","value":"$29.7 million"},{"label":"EPS","value":"$0.17"},{"label":"Guidance","value":"reaffirmed"},{"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"}