secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001193125-23-133100
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands Q1 revenue up 20% to $562.5M, reaffirms FY2023 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000119312523133100/0001193125-23-133100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000119312523133100/d272537d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-133100

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