---
schema_version: "secwatch.filing_event.v1"
accession: "0001804745-24-000023"
form_type: "8-K"
ticker: "DRVN"
cik: "0001804745"
company_name: "Driven Brands Holdings Inc."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:34:23.770274+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Driven Brands Q3 net loss $15M, adj EBITDA up 14%; reaffirms FY24 outlook

## Summary
- Revenue $592M (+2% YoY); same-store sales +1.1% (15th consecutive quarter).
- Net loss $14.9M ($0.09/diluted) vs prior-year net loss $799.3M; adjusted net income $41.8M ($0.26/diluted).
- Adjusted EBITDA $138.8M, up 14%; segment: Maintenance $96.7M, Car Wash $25.6M, Paint/Collision/Glass $34.7M, Platform Services $22.5M.
- Take 5 Oil Change revenue +15%, same-store sales +5%; net new units 56.
- FY24 outlook reaffirmed: revenue $2.33-2.43B, Adj EBITDA $529-559M, Adj EPS $0.88-1.00; net leverage target 4.5x achieved ahead of schedule.

## SEC filing metadata
- accession: 0001804745-24-000023
- form_type: 8-K
- ticker: DRVN
- cik: 0001804745
- company_name: Driven Brands Holdings Inc.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804745/000180474524000023/0001804745-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804745/000180474524000023/drvn-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001804745-24-000023
- JSON: https://secwatch.observer/filing/0001804745-24-000023.json
- Plain text: https://secwatch.observer/filing/0001804745-24-000023.txt

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