{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-042099","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2024-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.597637+00:00","generated_at":"2026-06-05T19:59:09.880793+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Driven Brands FY23 Revenue Up 13% to $2.3B; Net Loss $745M on Car Wash Impairment","bullets":["FY23 revenue $2.3B (+13%); system-wide sales $6.3B (+12%); 7% same-store sales growth; 183 net new stores.","Net loss $745.0M ($4.53 loss per share) vs prior year net income $43.2M; includes $851M non-cash goodwill impairment in Car Wash.","Adjusted EBITDA $535.1M (+4%); Adjusted EPS $0.93 (-24%); cash from ops $235.2M (+19%).","Q4 revenue $553.7M (+3%); net loss $13.1M; Adjusted EBITDA $129.0M (-1%); same-store sales +4%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-042099","json":"https://secwatch.observer/filing/0001193125-24-042099.json","markdown":"https://secwatch.observer/filing/0001193125-24-042099.md","text":"https://secwatch.observer/filing/0001193125-24-042099.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524042099/0001193125-24-042099-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524042099/d783391d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T19:59:09.880793+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":"b5c8eb6f168bd51695e08b577da8b287e62fb1de","claim":"Driven Brands Holdings Inc. reported quarter and fiscal year ended December 30, 2023 results: revenue Revenue of $2.3 billion for the fiscal year; Revenue of $553.7 million for the fourth quarter, net income Net Loss of $745.0 million for the fiscal year; Net Loss of $13.1 million for the fourth quarter, EPS Net Loss of $4.53 per diluted share for the fiscal year; Net Loss of $0.08 per diluted share for the fourth quarter. Guidance initiated.","evidence_excerpt":"reported financial results for the fourth quarter and fiscal year ended December 30, 2023. Fiscal Year 2023 Highlights For the fiscal year, Driven Brands delivered revenue of $2.3 billion, up 13% versus the prior year. System-wide sales were $6.3 billion, up 12% versus the prior year driven by 7% same-store sales growth and 4% net store growth. The Company added","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524042099/0001193125-24-042099-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter and fiscal year ended December 30, 2023"},{"label":"Revenue","value":"Revenue of $2.3 billion for the fiscal year; Revenue of $553.7 million for the fourth quarter"},{"label":"Net income","value":"Net Loss of $745.0 million for the fiscal year; Net Loss of $13.1 million for the fourth quarter"},{"label":"EPS","value":"Net Loss of $4.53 per diluted share for the fiscal year; Net Loss of $0.08 per diluted share for the fourth quarter"},{"label":"Guidance","value":"initiated"},{"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"}