---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-190597"
form_type: "8-K"
ticker: "DRVN"
cik: "0001804745"
company_name: "Driven Brands Holdings Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:56:45.740214+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Driven Brands Q2 SSS +0.5%; revenue $612M; CFO Diamond appointed; lowers FY SSS outlook

## Summary
- Q2 revenue $612M (+1% YoY); net income $30.2M ($0.18 diluted); adjusted EBITDA $152.2M (+4%); adjusted EPS $0.35.
- Same-store sales +0.5% (14th consecutive quarter); Take 5 Oil Change SSS +6%, unit growth +19%.
- FY2024 guidance: revenue $2.35-2.45B; adjusted EBITDA $535-565M; same-store sales growth revised down to 1-3% from 3-5%.
- Michael Diamond appointed EVP & CFO effective Aug 9, 2024; previously CFO of The Michaels Companies; Joel Arnao returns to SVP role.
- Closed $275M Series 2024 Class A-2 notes and $400M VFN (undrawn), replacing $115M notes, increasing liquidity by $285M.

## SEC filing metadata
- accession: 0001193125-24-190597
- form_type: 8-K
- ticker: DRVN
- cik: 0001804745
- company_name: Driven Brands Holdings Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804745/000119312524190597/0001193125-24-190597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804745/000119312524190597/d877753d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-190597
- JSON: https://secwatch.observer/filing/0001193125-24-190597.json
- Plain text: https://secwatch.observer/filing/0001193125-24-190597.txt

## Key facts
- Executive change
  Michael F. Diamond was appointed as Executive Vice President and Chief Financial Officer at Driven Brands Holdings Inc..
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: The Company announced on August 1, 2024, that it had appointed Michael F. Diamond, age 42, to serve as its Executive Vice President and Chief Financial Officer (“CFO”) effective as of August 9, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804745/000119312524190597/0001193125-24-190597-index.htm
- Executive change
  Michael Beland changed role as Principal Accounting Officer at Driven Brands Holdings Inc..
  - Action: returned to prior role
  - Role: Principal Accounting Officer
  source text: Following the Effective Date, Mr. Beland will continue to serve in his prior role as the Company’s Principal Accounting Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804745/000119312524190597/0001193125-24-190597-index.htm

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