other material
confidence high
sentiment neutral
materiality 0.55
Driven Brands restructures segments: Take 5 Oil Change now a stand-alone reportable segment
Driven Brands Holdings Inc.
- New segments effective Q1 2025: Take 5, Franchise Brands, Car Wash, Corporate and Other.
- Take 5 FY2024 system-wide sales $1,385.5M, Adjusted EBITDA $380.2M, 1,181 stores.
- Franchise Brands FY2024 system-wide sales $4,305.7M, Adjusted EBITDA $195.1M, 2,679 stores.
- Car Wash FY2024 system-wide sales $212.4M, Adjusted EBITDA $70.2M, 720 stores.
- Segment change has no impact on consolidated GAAP results; recast 2024 data posted.