---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-201170"
form_type: "8-K"
ticker: "DRVN"
cik: "0001804745"
company_name: "Driven Brands Holdings Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T14:30:13.274084+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Driven Brands Q2 revenue up 19% to $607M; cuts full-year guidance due to Car Wash & glass headwinds

## Summary
- Revenue $606.9M (+19% YoY); same-store sales +8%; added 74 net new stores.
- Net income $37.7M vs loss $57M prior year; adjusted net income $49.1M (-18%).
- Adjusted EBITDA $151M (+12%); cash from operations $114.6M YTD vs $75.4M prior.
- Full-year guidance cut: revenue $2.30B (was $2.35B), Adj EBITDA $535M (was $590M), Adj EPS $0.92 (was $1.21).
- Car Wash same-store sales -4%; softer consumer demand; U.S. glass impacted by integration delays.

## SEC filing metadata
- accession: 0001193125-23-201170
- form_type: 8-K
- ticker: DRVN
- cik: 0001804745
- company_name: Driven Brands Holdings Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1804745/000119312523201170/0001193125-23-201170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804745/000119312523201170/d414568d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-201170
- JSON: https://secwatch.observer/filing/0001193125-23-201170.json
- Plain text: https://secwatch.observer/filing/0001193125-23-201170.txt

## Key facts
- Earnings Releases
  Driven Brands Holdings Inc. reported the second quarter ended July 1, 2023 results: revenue $606.9 million, net income $37.7 million or $0.22 per diluted share, EPS $0.22 per diluted share. Guidance lowered.
  - Period: the second quarter ended July 1, 2023
  - Revenue: $606.9 million
  - Net income: $37.7 million or $0.22 per diluted share
  - EPS: $0.22 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Driven Brands Holdings Inc. Reports Second Quarter Results —Revenue increased 19% powered by 8% same-store sales growth and 7% net store growth— —Net Income increased to $38 million vs a Net Loss of $57 million in prior year— — Adjusted EBITDA 1 increased 12% to $151 million— —Updates Full Year 2023 Guidance— Charlotte, N.C. (August 2, 2023) - Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the second quarter ended July 1, 2023. For the second quarter, Driven Brands delivered revenue of $606.9 million, up 19 percent versus the prior year. System-wide sales were $1.7 billion, up 18 percent versus the prior year driven by 8 percent same-store sales growth and 7 percent net store growth. The company added 74 new stores in the quarter. Net Income increased to $37.7 million or $0.22 per diluted share versus a Net Loss in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804745/000119312523201170/0001193125-23-201170-index.htm

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