Driven Brands Holdings Inc (DRVN)

Driven Brands Receives Expected Nasdaq Notice Related to Delayed Q1 2026 Form 10-Q FilingJune 5, 2026 4:15 PM
Business Wire Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced that it received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) on June 1, 2026, indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) due to the delayed filing of its Quarterly Report on Form 10-Q for the period ended March 28, 2026 (the “2026 Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The Listing Rule requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC. The 2026 Form 10-Q filing delay is related to the previously announced restatement of the Company’s prior period financial statements and the associated delay in filing its 2025 Form 10-K, which was filed on May 19, 2026. The Notice from Nasdaq is standard practice in the event of a delayed periodic financial report filing and has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. In accordance with Nasdaq’s listing rules, the Company has 60 calendar days after the Notice, or until July 31, 2026, to submit a plan of compliance to Nasdaq addressing how the Company intends to regain compliance with the Listing Rule. Pursuant to the Notice, Nasdaq has the discretion to grant the Company up to 180 calendar days from the 2026 Form 10-Q’s due date, or November 25, 2026, for the Company to regain compliance with the Listing Rule. The Company is working to complete its financial reporting and currently expects to file the 2026 Form 10-Q as soon as practicable. About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including oil change, paint, collision, glass, vehicle repair, and maintenance. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. As of the end of fiscal year 2025, Driven Brands had over 4,200 locations across the U.S. and Canada, and services tens of millions of vehicles annually. Driven Brands’ network generated approximately $1.9 billion in annual revenue from approximately $6.1 billion in system-wide sales. Disclosure Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this press release are forward-looking statements. In particular, forward-looking statements include, among other things, statements relating to our beliefs and expectations relating to the timing of the filing of the 2026 Form 10-Q. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Company’s financial reporting, uncertainties about the timing of the Company’s submission of a compliance plan, Nasdaq’s acceptance of any such plan, the duration of any extension that may be granted by Nasdaq, the risk that the Company will be unable to meet Nasdaq’s continued listing requirements. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulation. Given these uncertainties, you should not place undue reliance on these forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260605442990/en/ Shareholder/Analyst inquiries:
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michelle.appleyard @schumi Original: Driven Brands Receives Expected Nasdaq Notice Related to Delayed Q1 2026 Form 10-Q Filing

Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2025 ResultsMay 19, 2026 7:15 AM
Business Wire --Company restates previously issued financial statements-- --Fiscal 2025 revenue increases 6.3% to $1.9 billion-- --Take 5 fourth quarter 2025 same store sales increase 3.7%; 22nd consecutive quarter of growth-- --Pro forma net leverage ratio improves to 3.3x Adjusted EBITDA with IMO divestiture in January-- --Provides fiscal 2026 outlook and reiterates first quarter 2026 preliminary results-- Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the fourth quarter and fiscal year ending December 27, 2025, and expects to file its 2025 Annual Report on Form 10-K with the U.S. Securities and Exchange Commission later today. The 2025 Annual Report on Form 10-K will include restated financial results for fiscal years 2024 and 2023, restated interim financial results for the periods from the first quarter of 2024 through the third quarter of 2025, and restated Management’s Discussion and Analysis of Financial Condition and Results of Operations related to fiscal years 2024 and 2023. The restated financial results will reflect adjustments related to leases, cash, accounts payable, expense classification, accounts receivable, and other immaterial corrections. “Driven Brands delivered a solid fourth quarter and full year, anchored by Take 5’s 3.7% same store sales growth, our 22nd consecutive quarter of growth,” said Danny Rivera, President and Chief Executive Officer. “In 2025, we took important steps to strengthen our foundation, including streamlining our portfolio to focus on core services in North America, meaningfully deleveraging our balance sheet, and investing in the capabilities that support our long-term strategy. We have completed the restatement of our prior-period financial results and are enhancing our internal controls to strengthen the accuracy of our financial reporting.” “Looking ahead to 2026, our priorities remain clear: scaling our Take 5 platform, generating stable cash flow from our franchise brands, achieving our 3.0x net leverage ratio by year-end, and continuing our disciplined approach to portfolio optimization. We continue to expect Take 5 to deliver first quarter same store sales growth in the range of 4.3% to 4.5% on a preliminary basis. While the consumer environment remains dynamic, our focused portfolio of resilient, needs-based businesses and disciplined operational execution position us well to continue driving long-term shareholder value,” Rivera concluded. Note: Prior-period financial information presented herein reflects results inclusive of restatement corrections and has been recast for discontinued operations for the applicable periods. Cash flow statements have not been recast to reflect the impact of discontinued operations. Fourth Quarter 2025 Highlights For the fourth quarter, Driven Brands delivered revenue of $460.1 million, an increase of 8% versus the prior year. System-wide sales were $1.5 billion, an increase of 2% versus the prior year primarily driven by 0.5% same store sales growth and 175 net new units. Net income from continuing operations for the fourth quarter was $40.7 million or $0.25 per diluted share versus a net loss of $20.3 million or $0.13 loss per diluted share in the prior year. Adjusted Net Income from continuing operations1 was $56.4 million or $0.34 per diluted share versus $56.2 million or $0.34 per diluted share in the prior year. Adjusted EBITDA1 was $111.9 million, an increase of 7% versus the prior year. Fiscal Year 2025 Highlights For fiscal year 2025, Driven Brands delivered revenue of $1.9 billion, an increase of 6% versus the prior year. System-wide sales increased 3% to $6.1 billion, driven by a 1% increase in same store sales and 4% increase in store count versus the prior year. Net income from continuing operations for fiscal year 2025 was $132.1 million or $0.80 per diluted share versus $0.5 million or $0.00 per diluted share in the prior year. Adjusted Net Income from continuing operations1 was $199.2 million or $1.21 per diluted share versus $174.8 million or $1.07 per diluted share in the prior year. Adjusted EBITDA1 was $449.1 million, an increase of $6.0 million versus the prior year. Fourth Quarter 2025 Key Performance Indicators by Segment   System-wide Sales
(in millions) Store Count Same Store
Sales Revenue
(in millions) Adjusted EBITDA
(in millions) Take 5 $ 411.4   1,342   3.7 % $ 308.5   $ 107.3   Franchise Brands   1,017.8   2,699   (1.0 )%   67.9     42.4   Auto Glass Now   56.3   211   6.3 %   56.4     3.2   Corporate and Other   N/A   N/A   N/A     27.3     (41.0 ) Total $ 1,485.5   4,252   0.5 % $ 460.1     111.9   Fiscal Year 2025 Key Performance Indicators by Segment   System-wide Sales
(in millions) Store Count Same Store
Sales Revenue
(in millions) Adjusted EBITDA
(in millions) Take 5 $ 1,617.1   1,342   6.2 % $ 1,215.4   $ 418.7   Franchise Brands   4,218.0   2,699   (1.1 )%   285.0     178.8   Auto Glass Now   257.6   211   7.9 %   257.8     25.9   Corporate and Other   N/A   N/A   N/A     104.3     (174.3 ) Total $ 6,092.7   4,252   1.0 % $ 1,862.4     449.1   Note: Certain columns may not add due to rounding. Capital and Liquidity The Company ended the year with a net leverage ratio of 3.7x Adjusted EBITDA1 and total liquidity of $634 million consisting of $103 million in cash and cash equivalents and $531 million of undrawn capacity on its variable funding securitization senior notes and revolving credit facility. This did not include the additional $135 million Series 2022 Class A-1 Notes that would expand the Company’s variable funding note borrowing capacity if the Company elects to exercise them, assuming certain conditions continue to be met. As previously disclosed, the Company received a waiver under its whole-business securitization structure and entered into a limited waiver and amendment to its revolving credit facility, each providing relief related to the completed restatement of previously issued financial statements. These actions extended the date to deliver the Company’s audited financial statements for fiscal year 2025 to June 10, 2026, and unaudited first quarter 2026 financial statements to 45 days after delivery of the audited fiscal year 2025 financial statements, or July 3, 2026. International Car Wash Divestiture As disclosed previously, on January 27, 2026, Driven Brands completed the divestiture of IMO, its international car wash business, for an aggregate consideration of approximately € 411 million. Net proceeds from the divestiture of the international car wash business were primarily used to pay down debt, which improved pro forma net leverage to 3.3x Adjusted EBITDA1. Resegmentation As previously disclosed, the divestiture of the international car wash business resulted in corresponding changes to the Company’s financial reportable segments. As a result, the Company will report in its 2025 Annual Report on Form 10-K the following reportable segments: Take 5, Franchise Brands, and Auto Glass Now. The Take 5 segment consists primarily of our company operated and franchise Take 5 Oil Change stores. The Franchise Brands segment consists of our portfolio of franchised brands, which include Meineke, Maaco, CARSTAR and 1-800 Radiator, among other smaller brands. These brands are over 99% franchised. The Auto Glass Now segment consists of our U.S. retail, commercial and insurance glass businesses. Restatement The Company has completed the restatement of its fiscal years 2023 and 2024 financial statements and interim financial results for the periods from the first quarter of 2024 through the third quarter of 2025. The restatement corrects accounting errors primarily related to leases, cash, accounts payable, expense classification, accounts receivable, and other immaterial corrections. The details of the corrections for fiscal years 2023 and 2024 and for the interim periods from the first quarter of 2024 through the third quarter of 2025 will be included in the Company’s 2025 Annual Report on Form 10-K for the fiscal year ended December 27, 2025, which the Company expects to file later today. The restatement is not a result of any substantive change to the Company’s operations or business performance for the corrected periods. The net impact of the restatement corrections decreased Adjusted EBITDA1 by approximately $57 million in fiscal year 2023, decreased Adjusted EBITDA1 by approximately $12 million in fiscal year 2024, and decreased Adjusted EBITDA1 by approximately $8 million in fiscal year 2025 year-to-date through the third quarter. Additional information regarding the restated financial statements is set forth in the section “Description of Restatement Matters and Restatement Errors” within this release. Reiterated First Quarter 2026 Preliminary Results On a preliminary basis for the first quarter of 2026, the Company continues to expect total same store sales growth in the range of 1.9% to 2.1%, including Take 5 same store sales growth in the range of 4.3% to 4.5%. The Company continues to expect total net revenue in the quarter to be in the range of $475 million to $485 million. The Company continues to expect first quarter 2026 net new unit growth to be 29 units and to end the first quarter with total net debt of approximately $1.6 billion. Additionally, the Company continues to expect Adjusted EBITDA1 for the first quarter of 2026 to be moderately lower than prior year primarily due to expenses associated with the restatement of previously issued financial statements. The Company is working to report its first quarter 2026 results and file its first quarter 2026 Form 10-Q. The Company currently anticipates filing its Form 10-Q on or before July 3, 2026, the due date for the Company to deliver its unaudited first quarter 2026 financial statements to its lenders as noted above. Fiscal Year 2026 Outlook Inclusive of the first quarter 2026 preliminary results provided above, the Company is providing its financial outlook for the fiscal year ending December 26, 2026, as follows:   2026 Outlook Revenue ~$1.95 - $2.05 billion Adjusted EBITDA1 ~$430 - $460 million Adjusted Diluted EPS1 ~$1.15 - $1.25 Adjusted EBITDA1 and Adjusted Diluted EPS1 2026 outlook include approximately $35 million to $45 million of restatement-related, non-recurring costs for fiscal year 2026. The Company expects fiscal year 2026 same store sales growth in the range of flat to 2%; and expects net store growth of approximately 160 to 190. The Company also expects to generate between $125 million and $145 million of free cash flow2 in fiscal year 2026. Note: 2026 outlook excludes the impact of any potential M&A and divestitures other than the completed divestiture of the international car wash business. 1 Adjusted EBITDA, Adjusted Net Income from continuing operations and Adjusted Diluted EPS are non-GAAP financial measures. See “Reconciliation of Non-GAAP Financial Measures” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA and Adjusted EPS are made in a manner consistent with the relevant definitions and assumptions noted herein.   2 Free cash flow is a non-GAAP financial measure defined as cash provided by operating activities less capital expenditures, net of proceeds from sale leaseback transactions. Management believes free cash flow is a useful indicator of the Company’s ability to generate cash that can be used to repay debt, reinvest in the business, and return capital to shareholders. Forward-looking estimate of free cash flow is made in a manner consistent with the relevant definitions and assumptions noted herein. Conference Call Driven Brands will host a conference call to discuss fourth quarter and fiscal year 2025 results today, Tuesday, May 19, 2026, at 8:30 a.m. ET. The call will be available by webcast and can be accessed by visiting Driven Brands’ Investor Relations website at investors.drivenbrands.com. A replay of the call will be available for at least three months. About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including oil change, paint, collision, glass, vehicle repair, and maintenance. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. As of the end of fiscal year 2025, Driven Brands had over 4,200 locations across the U.S. and Canada, and services tens of millions of vehicles annually. Driven Brands’ network generated approximately $1.9 billion in annual revenue from approximately $6.1 billion in system-wide sales. DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)     Three Months Ended   Year Ended (in thousands, except per share amounts) December 27,
2025   December 28,
2024   December 27,
2025   December 28,
2024       As Restated and Recast       As Restated and Recast Net revenue:               Franchise royalties and fees $ 45,371     $ 44,085     $ 190,085     $ 188,634   Company-operated store sales   316,288       295,965       1,294,958       1,178,783   Advertising contributions   28,272       27,265       108,521       103,069   Supply and other revenue   70,171       59,891       268,874       281,990   Total net revenue   460,102       427,206       1,862,438       1,752,476   Operating expenses:               Company-operated store expenses   187,020       173,848       758,972       676,890   Advertising expenses   28,523       26,774       108,772       103,460   Supply and other expenses   40,207       37,357       157,302       171,788   Selling, general, and administrative expenses   103,625       143,483       496,297       464,992   Depreciation and amortization   20,132       21,079       81,858       78,989   Asset impairment charges and lease terminations   2,398       8,870       28,127       56,538   Total operating expenses   381,905       411,411       1,631,328       1,552,657   Operating income   78,197       15,795       231,110       199,819   Other expenses, net:               Interest expense, net   28,628       35,993       121,202       156,991   Foreign currency transaction (gain) loss, net   86       11,441       (14,715 )     17,530   Loss on debt extinguishment   843       —       5,392       205   Other expenses, net   29,557       47,434       111,879       174,726   Income (loss) before taxes from continuing operations   48,640       (31,639 )     119,231       25,093   Income tax (benefit) expense   7,923       (11,378 )     (12,842 )     24,547   Net income (loss) from continuing operations $ 40,717     $ (20,261 )   $ 132,073     $ 546   (Loss) gain on sale of discontinued operations, net of tax   (3,196 )     —       35,752       —   Net loss from discontinued operations, net of tax   (16,337 )     (286,552 )     (27,663 )     (297,999 ) Net income (loss) $ 21,184     $ (306,813 )   $ 140,162     $ (297,453 )                 Basic earnings (loss) per share:               Continuing Operations $ 0.25     $ (0.13 )   $ 0.80     $ —   Discontinued Operations   (0.12 )     (1.79 )     0.05       (1.86 ) Net basic earnings (loss) per share $ 0.13     $ (1.92 )   $ 0.85     $ (1.86 )                 Diluted earnings (loss) per share:               Continuing Operations $ 0.25     $ (0.13 )   $ 0.80     $ —   Discontinued Operations   (0.12 )     (1.79 )     0.05       (1.86 ) Net diluted earnings (loss) per share $ 0.13     $ (1.92 )   $ 0.85     $ (1.86 )                 Weighted average shares outstanding               Basic   164,044       160,424       162,836       160,319   Diluted   165,015       160,424       163,852       161,210   DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED)   (in thousands, except share and per share amounts) December 27, 2025   December 28, 2024       As Restated and
Recast Assets       Current assets:       Cash and cash equivalents $ 102,938     $ 103,438   Restricted cash   162       358   Accounts and notes receivable, net   131,958       146,372   Inventory   52,375       48,889   Prepaid and other assets   50,103       24,065   Income tax receivable   49,266       26,577   Advertising fund assets, restricted   60,826       48,349   Assets held for sale   31,233       79,090   Current assets of discontinued operations   61,993       130,713   Total current assets   540,854       607,851   Other assets   114,657       118,948   Property and equipment, net   471,804       409,451   Operating lease right-of-use assets   513,458       451,793   Deferred commissions   7,824       7,246   Intangibles, net   617,849       634,794   Goodwill   1,218,002       1,205,530   Deferred tax assets   3,982       7,204   Non-current assets of discontinued operations   671,490       1,808,978   Total assets $ 4,159,920     $ 5,251,795   Liabilities and shareholders' equity       Current liabilities:       Accounts payable $ 93,029     $ 86,188   Accrued expenses and other liabilities   198,759       160,283   Income tax payable   2,652       5,590   Current portion of long-term debt   276,691       33,696   Tax receivable agreement payable   56,211       22,676   Advertising fund liabilities   24,670       25,996   Current liabilities of discontinued operations   73,795       114,353   Total current liabilities   725,807       448,782   Long-term debt   1,882,783       2,658,889   Deferred tax liabilities   13,554       31,885   Operating lease liabilities   501,506       439,838   Tax receivable agreement payable   73,084       110,597   Deferred revenue   30,365       31,893   Long-term accrued expenses and other liabilities   —       2,026   Non-current liabilities of discontinued operations   165,619       984,115   Total liabilities   3,392,718       4,708,025   Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding   —       —   Common stock, $0.01 par value, 900,000,000 shares authorized: and 164,531,712 and 163,842,248 shares issued and outstanding; respectively   1,645       1,638   Additional paid-in capital   1,736,416       1,707,573   Accumulated deficit   (953,208 )     (1,093,370 ) Accumulated other comprehensive loss   (17,651 )     (72,071 ) Total shareholders’ equity   767,202       543,770   Total liabilities and shareholders' equity $ 4,159,920     $ 5,251,795   DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)     Year Ended (in thousands) December 27,
2025   December 28,
2024       As Restated Net income (loss) $ 140,162     $ (297,453 ) Adjustments to reconcile net income to net cash provided by operating activities:       Depreciation and amortization   134,432       181,409   Goodwill impairment   28,317       —   Share-based compensation expense   32,276       52,096   (Gain) loss on foreign denominated transactions   (23,063 )     25,126   Loss (gain) on foreign currency derivatives   8,347       (7,605 ) (Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions   (28,048 )     26,684   Loss on fair value of Seller Note   17,000       —   Reclassification of interest rate hedge to income   (6,157 )     (2,094 ) Bad debt expense   18,722       8,963   Asset impairment charges and lease terminations   28,939       389,242   Amortization of deferred financing costs and bond discounts   9,736       9,759   Amortization of cloud computing   17,696       10,825   Benefit for deferred income taxes   (20,381 )     (56,484 ) Loss on extinguishment of debt   5,392       205   Other, net   3,887       (3,918 ) Changes in operating assets and liabilities, net of acquisitions:       Accounts and notes receivable, net   (12,088 )     (37,572 ) Inventory   (1,475 )     (2,332 ) Prepaid and other assets   (24,962 )     2,987   Advertising fund assets and liabilities, restricted   771       (6,118 ) Other assets   (21,403 )     (77,243 ) Deferred commissions   (578 )     934   Deferred revenue   (1,543 )     1,280   Accounts payable   604       24,559   Accrued expenses and other liabilities   30,271       13,627   Income tax receivable   (6,311 )     (12,923 ) Cash provided by operating activities   330,543       243,954   Cash flows from investing activities:       Capital expenditures   (222,774 )     (288,635 ) Cash used in business acquisitions, net of cash acquired   (11,253 )     (2,990 ) Proceeds from sale leaseback transactions   73,099       51,371   Proceeds from Seller Note   113,000       —   Proceeds from sale or disposal of businesses and fixed assets, net of cash sold   280,654       290,329   Cash provided by investing activities   232,726       50,075   Cash flows from financing activities:       Payment of debt extinguishment and issuance costs   (10,489 )     (9,646 ) Proceeds from the issuance of long-term debt   500,000       274,794   Repayment of long-term debt   (994,584 )     (465,443 ) Proceeds from revolving lines of credit and short-term debt   282,000       46,000   Repayment of revolving lines of credit and short-term debt   (332,000 )     (104,000 ) Repayment of principal portion of finance lease liability   (5,506 )     (5,028 ) Payment of Tax Receivable Agreement   —       (38,374 ) Acquisition of non-controlling interest   —       (644 ) Tax obligations for share-based compensation   (4,394 )     (1,593 ) Cash used in financing activities   (564,973 )     (303,934 ) Effect of exchange rate changes on cash   5,654       (4,103 ) Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted   3,950       (14,008 ) Cash and cash equivalents from continuing operations, beginning of period   103,438       132,552   Cash included in advertising fund assets, restricted, beginning of period   38,930       38,537   Restricted cash from continuing operations, beginning of period   358       657   Cash, cash equivalents, and restricted cash from discontinued operations, beginning of period   38,372       23,360   Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period   181,098       195,106   Cash and cash equivalents from continuing operations, end of period   102,938       103,438   Cash included in advertising fund assets, restricted, end of period   52,204       38,930   Restricted cash from continuing operations, end of period   162       358   Cash, cash equivalents, and restricted cash from discontinued operations, end of period   29,744       38,372   Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period $ 185,048     $ 181,098   Description of Restatement Matters and Restatement Errors An overview of the restatement adjustments and their impact on previously reported consolidated financial statements are described below. Lease adjustments The Company identified certain leases that originated in prior periods beginning in 2023 where the lease had not been recorded at the time of lease commencement. The impact of the errors to the consolidated statements of operations for fiscal years 2024 and 2023 is increases of $2 million and $1 million, respectively, to company-operated store expense. The impact of the errors to the consolidated balance sheet as of December 28, 2024 is an increase of $40 million to operating lease right-of-use assets, an increase of $2 million to accrued expenses and other liabilities and an increase of $40 million to operating lease liabilities. Cash adjustments The Company identified unreconciled and aged differences between the general ledger cash balance and bank statements in prior years resulting in overstatement of cash and revenue and understatement of selling, general, and administrative expense, primarily impacting accumulated deficit in periods prior to fiscal year 2023. The impact of the errors relating to cash adjustments to the consolidated statement of operations for fiscal year 2024 is an increase to selling, general, and administrative expenses of $4 million. The impact of the errors to the consolidated statement of operations for fiscal year 2023 is a decrease to company-operated store sales of $6 million and a $1 million increase to selling, general, and administrative expenses. The impact of the errors to the consolidated balance sheet as of December 28, 2024 is a decrease to cash and cash equivalents of $28 million. The errors further affect the opening and closing cash balances and operating cash flows in the consolidated statements of cash flows for fiscal years 2024 and 2023. The impact of the errors to the opening cash balances in the consolidated statements of cash flows for fiscal years 2024 and 2023 is a decrease of $21 million and $14 million respectively. The impact of the errors to the closing cash balances in the consolidated statements of cash flows for fiscal years 2024 and 2023 is a decrease of $28 million and $21 million, respectively. Accounts payable adjustments The Company identified unreconciled and aged differences between the general ledger accounts payable balance and related subledger systems in prior years as a result of incorrect recording, offsetting, and consolidation of intercompany transactions, resulting in understatements in accounts payable and understatements of company-operated store expenses depending on the nature of the reconciling items. The impact of the errors to the consolidated statement of operations for fiscal year 2024 is a $2 million increase to selling, general, and administrative expenses and a $2 million decrease to company-operated store expenses. The impact of the errors to the consolidated statement of operations for fiscal year 2023 is a less than $1 million increase to selling, general, and administrative expenses, and a $32 million increase to company-operated store expenses. The impact of the errors to the consolidated balance sheet as of December 28, 2024 is an increase to accounts payable of $7 million. Expense classification adjustments During fiscal years 2024 and 2023, certain supply and other expenses were reflected within company-operated store expenses. This error resulted in company-operated store expenses being overstated by $35 million and $27 million for fiscal years 2024 and 2023, respectively, and a corresponding understatement of supply and other expenses in those periods. Accounts receivable adjustments The Company identified unreconciled and aged receivables, misapplied cash and clearing entries, allowance calculations that required correction, and certain accounts receivable not recorded in the subledger, primarily impacting accumulated deficit in periods prior to fiscal year 2023. The impact of the errors to the consolidated statement of operations for fiscal year 2024 is a $2 million decrease to company-operated store sales, a $2 million decrease to supply and other revenue, and a $1 million increase to selling, general, and administrative expenses, as well as other immaterial impacts. The impact of the errors to the consolidated statement of operations for fiscal year 2023 is a less than $1 million increase to company-operated stores sales, a $3 million decrease to supply and other revenue, and a $9 million increase to selling, general, and administrative expenses, as well as other immaterial impacts. These issues resulted in an overstatement of accounts receivable of $26 million as of December 28, 2024. Other adjustments The Company has calculated the tax impact of the errors and has also identified other immaterial errors, which have been reflected in the tables below. The following tables present the restatement adjustments to previously issued consolidated financial statements, including the previously reported consolidated statement of operations for fiscal year 2024, consolidated balance sheet as of December 28, 2024, consolidated statement of cash flows for fiscal year 2024, and consolidated statement of operations and consolidated statement of cash flows for fiscal year 2023. DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS     Year Ended December 28, 2024 (in thousands, except per share amounts) As Previously
Reported   Restatement
Impacts   As Restated   Discontinued
Operations
Reclassification
Impacts   As Restated and
Recast Net revenue:                   Franchise royalties and fees $ 188,634     $ —     $ 188,634       —     $ 188,634   Company-operated store sales   1,544,932       (2,354 )     1,542,578       (363,795 )     1,178,783   Independently-operated store sales   212,396       —       212,396       (212,396 )     —   Advertising contributions   101,316       1,753       103,069       —       103,069   Supply and other revenue   292,310       (3,636 )     288,674       (6,684 )     281,990   Total net revenue   2,339,588       (4,237 )     2,335,351       (582,875 )     1,752,476   Operating expenses:                   Company-operated store expenses   993,090       (32,692 )     960,398       (283,508 )     676,890   Independently-operated store expenses   121,325       (6 )     121,319       (121,319 )     —   Advertising expenses   101,617       1,843       103,460       —       103,460   Supply and other expenses   139,658       35,855       175,513       (3,725 )     171,788   Selling, general, and administrative expenses   554,775       153       554,928       (89,936 )     464,992   Depreciation and amortization   180,112       1,297       181,409       (102,420 )     78,989   Asset impairment charges and lease terminations   389,242       —       389,242       (332,704 )     56,538   Total operating expenses   2,479,819       6,450       2,486,269       (933,612 )     1,552,657   Operating (loss) income   (140,231 )     (10,687 )     (150,918 )     350,737       199,819   Other expenses, net:                   Interest expense, net   156,964       872       157,836       (845 )     156,991   Foreign currency transaction loss (gain), net   20,239       (2,709 )     17,530       —       17,530   Loss on debt extinguishment   205       —       205       —       205   Other expenses, net   177,408       (1,837 )     175,571       (845 )     174,726   (Loss) income before taxes from continuing operations   (317,639 )     (8,850 )     (326,489 )     351,582       25,093   Income tax (benefit) expense   (25,143 )     (3,893 )     (29,036 )     53,583       24,547   Net (loss) income from continuing operations $ (292,496 )   $ (4,957 )   $ (297,453 )   $ 297,999     $ 546   Net loss from discontinued operations, net of tax   —       —       —       (297,999 )     (297,999 ) Net loss $ (292,496 )   $ (4,957 )   $ (297,453 )   $ —     $ (297,453 )                     Basic (loss) earnings per share:                   Continuing Operations $ (1.79 )   $ (0.04 )   $ (1.86 )   $ 1.86     $ —   Discontinued Operations   —       —       —       (1.86 )     (1.86 ) Net basic loss per share $ (1.79 )   $ (0.04 )   $ (1.86 )   $ —     $ (1.86 )                     Diluted (loss) earnings per share:                   Continuing Operations $ (1.82 )   $ (0.04 )   $ (1.86 )   $ 1.86     $ —   Discontinued Operations   —       —       —       (1.86 )     (1.86 ) Net diluted loss per share $ (1.82 )   $ (0.04 )   $ (1.86 )   $ —     $ (1.86 )                     Weighted average shares outstanding                   Basic   160,319       —       160,319       —       160,319   Diluted   160,319       —       160,319       891       161,210   DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET     Year Ended December 28, 2024 (in thousands, except share and per share amounts) As Previously
Reported   Restatement
Impacts   As Restated   Discontinued
Operations
Reclassification
Impacts   As Restated and
Recast Assets                   Current assets:                   Cash and cash equivalents $ 169,954     $ (28,144 )   $ 141,810     $ (38,372 )   $ 103,438   Restricted cash   358       —       358       —       358   Accounts and notes receivable, net   179,609       (26,338 )     153,271       (6,899 )     146,372   Inventory   67,527       (7,011 )     60,516       (11,627 )     48,889   Prepaid and other assets   42,271       (2,079 )     40,192       (16,127 )     24,065   Income tax receivable   13,706       15,352       29,058       (2,481 )     26,577   Advertising fund assets, restricted   49,716       (1,367 )     48,349       —       48,349   Assets held for sale   134,297       —       134,297       (55,207 )     79,090   Current assets of discontinued operations   —       —       —       130,713       130,713   Total current assets   657,438       (49,587 )     607,851       —       607,851   Other assets   125,422       (3,348 )     122,074       (3,126 )     118,948   Property and equipment, net   1,024,168       2,547       1,026,715       (617,264 )     409,451   Operating lease right-of-use assets   1,370,355       40,215       1,410,570       (958,777 )     451,793   Deferred commissions   7,246       —       7,246       —       7,246   Intangibles, net   665,896       —       665,896       (31,102 )     634,794   Goodwill   1,403,056       —       1,403,056       (197,526 )     1,205,530   Deferred tax assets   8,206       181       8,387       (1,183 )     7,204   Non-current assets of discontinued operations   —       —       —       1,808,978       1,808,978   Total assets $ 5,261,787     $ (9,992 )   $ 5,251,795     $ —     $ 5,251,795   Liabilities and shareholders' equity                   Current liabilities:                   Accounts payable $ 95,260     $ 7,348     $ 102,608     $ (16,420 )   $ 86,188   Accrued expenses and other liabilities   253,880       2,063       255,943       (95,660 )     160,283   Income tax payable   6,860       —       6,860       (1,270 )     5,590   Current portion of long-term debt   33,189       1,510       34,699       (1,003 )     33,696   Tax receivable agreement payable   22,676       —       22,676       —       22,676   Advertising fund liabilities   22,030       3,966       25,996       —       25,996   Current liabilities of discontinued operations   —       —       —       114,353       114,353   Total current liabilities   433,895       14,887       448,782       —       448,782   Long-term debt   2,660,355       2,679       2,663,034       (4,145 )     2,658,889   Deferred tax liabilities   87,485       (4,276 )     83,209       (51,324 )     31,885   Operating lease liabilities   1,303,033       40,041       1,343,074       (903,236 )     439,838   Tax receivable agreement payable   110,935       (338 )     110,597       —       110,597   Deferred revenue   31,314       579       31,893       —       31,893   Long-term accrued expenses and other liabilities   27,436       —       27,436       (25,410 )     2,026   Non-current liabilities of discontinued operations   —       —       —       984,115       984,115   Total liabilities   4,654,453       53,572       4,708,025       —       4,708,025   Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding   —       —       —       —       —   Common stock, $0.01 par value, 900,000,000 shares authorized: and 163,842,248 shares outstanding   1,638       —       1,638       —       1,638   Additional paid-in capital   1,699,851       7,722       1,707,573       —       1,707,573   Accumulated deficit   (1,002,583 )     (90,787 )     (1,093,370 )     —       (1,093,370 ) Accumulated other comprehensive (loss) income   (91,572 )     19,501       (72,071 )     —       (72,071 ) Total shareholders’ equity   607,334       (63,564 )     543,770       —       543,770   Total liabilities and shareholders' equity $ 5,261,787     $ (9,992 )   $ 5,251,795     $ —     $ 5,251,795   DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS     Year Ended December 28, 2024 (in thousands) As Previously Reported   Restatement Impacts   As Restated Net loss $ (292,496 )   $ (4,957 )   $ (297,453 ) Adjustments to reconcile net loss to net cash provided by operating activities:           Depreciation and amortization   180,112       1,297       181,409   Share-based compensation expense   48,139       3,957       52,096   Loss (gain) on foreign denominated transactions   29,413       (4,287 )     25,126   (Gain) loss on foreign currency derivatives   (9,174 )     1,569       (7,605 ) Loss (gain) on sale and disposal of businesses, fixed assets, and sale leaseback transactions   35,722       (9,038 )     26,684   Reclassification of interest rate hedge to income   (2,094 )     —       (2,094 ) Bad debt expense   6,672       2,291       8,963   Asset impairment charges and lease terminations   389,242       —       389,242   Amortization of deferred financing costs and bond discounts   9,759       —       9,759   Amortization of cloud computing   8,270       2,555       10,825   (Benefit) expense for deferred income taxes   (66,594 )     10,110       (56,484 ) Loss on extinguishment of debt   205       —       205   Other, net   (22,648 )     18,730       (3,918 ) Changes in operating assets and liabilities, net of acquisitions:           Accounts and notes receivable, net   (48,190 )     10,618       (37,572 ) Inventory   2,618       (4,950 )     (2,332 ) Prepaid and other assets   3,467       (480 )     2,987   Advertising fund assets and liabilities, restricted   (5,031 )     (1,087 )     (6,118 ) Other assets   (85,491 )     8,248       (77,243 ) Deferred commissions   934       —       934   Deferred revenue   832       448       1,280   Accounts payable   29,397       (4,838 )     24,559   Accrued expenses and other liabilities   17,588       (3,961 )     13,627   Income tax receivable   10,795       (23,718 )     (12,923 ) Cash provided by operating activities:   241,447       2,507       243,954   Cash flows from investing activities:           Capital expenditures   (288,504 )     (131 )     (288,635 ) Cash used in business acquisitions, net of cash acquired   (2,990 )     —       (2,990 ) Proceeds from sale leaseback transactions   51,371       —       51,371   Proceeds from sale or disposal of businesses and fixed assets, net of cash sold   299,142       (8,813 )     290,329   Cash provided by (used in) investing activities:   59,019       (8,944 )     50,075   Cash flows from financing activities:           —   Payment of debt extinguishment and issuance costs   (9,646 )     —       (9,646 ) Proceeds from the issuance of long-term debt   274,794       —       274,794   Repayment of long-term debt   (465,443 )     —       (465,443 ) Proceeds from revolving lines of credit and short-term debt   46,000       —       46,000   Repayment of revolving lines of credit and short-term debt   (104,000 )     —       (104,000 ) Repayment of principal portion of finance lease liability   (3,931 )     (1,097 )     (5,028 ) Payment of Tax Receivable Agreement   (38,374 )     —       (38,374 ) Acquisition of non-controlling interest   (644 )     —       (644 ) Tax obligations for share-based compensation   (1,593 )     —       (1,593 ) Cash used in financing activities:   (302,837 )     (1,097 )     (303,934 ) Effect of exchange rate changes on cash   (4,103 )     —       (4,103 ) Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted   (6,474 )     (7,534 )     (14,008 ) Cash and cash equivalents, beginning of period   176,522       (20,610 )     155,912   Cash included in advertising fund assets, restricted, beginning of period   38,537       —       38,537   Restricted cash, beginning of period   657       —       657   Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period   215,716       (20,610 )     195,106   Cash and cash equivalents, end of period   169,954       (28,144 )     141,810   Cash included in advertising fund assets, restricted, end of period   38,930       —       38,930   Restricted cash, end of period   358       —       358   Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period $ 209,242     $ (28,144 )   $ 181,098   DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS     Year Ended December 30, 2023 (in thousands, except per share amounts) As Previously
Reported   Restatement
Impacts   As Restated   Discontinued
Operations
Reclassification
Impacts   As Restated and
Recast Net revenue:                   Franchise royalties and fees $ 190,367     $ —     $ 190,367     $ —     $ 190,367   Company-operated store sales   1,526,353       (6,192 )     1,520,161       (380,020 )     1,140,141   Independently-operated store sales   196,395       —       196,395       (196,395 )     —   Advertising contributions   98,850       218       99,068       —       99,068   Supply and other revenue   292,064       (5,607 )     286,457       (5,993 )     280,464   Total net revenue   2,304,029       (11,581 )     2,292,448       (582,408 )     1,710,040   Operating expenses:                   Company-operated store expenses   1,004,472       5,801       1,010,273       (290,311 )     719,962   Independently-operated store expenses   109,078       104       109,182       (109,182 )     —   Advertising expenses   97,290       6,092       103,382       —       103,382   Supply and other expenses   158,436       26,971       185,407       (3,851 )     181,556   Selling, general, and administrative expenses   462,117       21,378       483,495       (93,930 )     389,565   Depreciation and amortization   175,296       (437 )     174,859       (98,280 )     76,579   Goodwill impairment   850,970       —       850,970       (850,970 )     —   Asset impairment charges and lease terminations   132,903       —       132,903       (9,084 )     123,819   Total operating expenses   2,990,562       59,909       3,050,471       (1,455,608 )     1,594,863   Operating (loss) income   (686,533 )     (71,490 )     (758,023 )     873,200       115,177   Other expenses, net:                   Interest expense, net   164,196       (2,980 )     161,216       (815 )     160,401   Foreign currency transaction gain, net   (3,078 )     (914 )     (3,992 )     (86 )     (4,078 ) Other expenses, net   161,118       (3,894 )     157,224       (901 )     156,323   Loss before taxes from continuing operations   (847,651 )     (67,596 )     (915,247 )     874,101       (41,146 ) Income tax (benefit) expense   (102,689 )     (13,627 )     (116,316 )     121,952       5,636   Net loss from continuing operations   (744,962 )     (53,969 )     (798,931 )     752,149       (46,782 ) Net loss from discontinued operations, net of tax   —       —       —       (752,149 )     (752,149 ) Net loss $ (744,962 )   $ (53,969 )   $ (798,931 )   $ —     $ (798,931 )                     Basic (loss) earnings per share:                   Continuing Operations $ (4.50 )   $ (0.44 )   $ (4.94 )   $ 4.65     $ (0.29 ) Discontinued Operations   —       —       —       (4.65 )     (4.65 ) Net basic loss per share $ (4.50 )   $ (0.44 )   $ (4.94 )   $ —     $ (4.94 )                     Diluted (loss) earnings per share:                   Continuing Operations $ (4.53 )   $ (0.41 )   $ (4.94 )   $ 4.65     $ (0.29 ) Discontinued Operations   —       —       —       (4.65 )     (4.65 ) Net diluted loss per share $ (4.53 )   $ (0.41 )   $ (4.94 )   $ —     $ (4.94 )                     Weighted average shares outstanding                   Basic   161,917       —       161,917       —       161,917   Diluted   161,917       —       161,917       —       161,917   DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS     Year Ended December 30, 2023 (in thousands) As Previously Reported   Restatement Impacts   As Restated Net loss $ (744,962 )   $ (53,969 )   $ (798,931 ) Adjustments to reconcile net loss to net cash provided by operating activities:           Depreciation and amortization   175,296       (437 )     174,859   Goodwill impairment   850,970       —       850,970   Share-based compensation expense   15,300       4,988       20,288   Gain on foreign denominated transactions   (2,022 )     —       (2,022 ) Gain on foreign currency derivatives   (1,056 )     (914 )     (1,970 ) Loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions   4,909       9,719       14,628   Reclassification of interest rate hedge to income   (2,077 )     —       (2,077 ) Bad debt expense   1,938       8,752       10,690   Asset impairment charges and lease terminations   132,903       —       132,903   Amortization of deferred financing costs and bond discounts   10,307       —       10,307   Amortization of cloud computing   1,923       752       2,675   Benefit for deferred income taxes   (125,804 )     (12,312 )     (138,116 ) Other, net   22,320       675       22,995   Changes in operating assets and liabilities, net of acquisitions:           Accounts and notes receivable, net   13,561       3,699       17,260   Inventory   (11,731 )     7,961       (3,770 ) Prepaid and other assets   (6,877 )     1,378       (5,499 ) Advertising fund assets and liabilities, restricted   (16,861 )     6,014       (10,847 ) Other assets   (39,814 )     —       (39,814 ) Deferred commissions   418       —       418   Deferred revenue   1,937       131       2,068   Accounts payable   7,390       10,607       17,997   Accrued expenses and other liabilities   (52,854 )     7,541       (45,313 ) Income tax receivable   53       (1,184 )     (1,131 ) Cash provided by (used in) operating activities   235,167       (6,599 )     228,568   Cash flows from investing activities:           Capital expenditures   (596,478 )     —       (596,478 ) Cash used in business acquisitions, net of cash acquired   (59,574 )     —       (59,574 ) Proceeds from sale leaseback transactions   194,658       —       194,658   Proceeds from sale or disposal of businesses and fixed assets, net of cash sold   9,987       —       9,987   Cash used in investing activities   (451,407 )     —       (451,407 ) Cash flows from financing activities:           Repayment of long-term debt   (27,971 )     —       (27,971 ) Proceeds from revolving lines of credit and short-term debt   378,000       —       378,000   Repayment of revolving lines of credit and short-term debt   (130,000 )     —       (130,000 ) Repayment of principal portion of finance lease liability   (5,165 )     (405 )     (5,570 ) Share repurchases   (49,956 )     —       (49,956 ) Stock option exercises   6,117       —       6,117   Other, net   (326 )     —       (326 ) Cash provided by (used in) financing activities   170,699       (405 )     170,294   Effect of exchange rate changes on cash   484       —       484   Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted   (45,057 )     (7,004 )     (52,061 ) Cash and cash equivalents, beginning of period   227,110       (13,606 )     213,504   Cash included in advertising fund assets, restricted, beginning of period   32,871       —       32,871   Restricted cash, beginning of period   792       —       792   Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period   260,773       (13,606 )     247,167   Cash and cash equivalents, end of period   176,522       (20,610 )     155,912   Cash included in advertising fund assets, restricted, end of period   38,537       —       38,537   Restricted cash, end of period   657       —       657   Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period $ 215,716     $ (20,610 )   $ 195,106   Disclosure Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management, impact of accounting standards and outlook, impairments, and expected market growth are “forward-looking statements” for the purposes of federal and state securities laws, including, among other things, any statements relating to: (i) potential post-closing obligations and liabilities relating to the sale of our car wash businesses; (ii) the current geopolitical environment, including the impact, both direct and indirect, of government actions, such as proposed and enacted tariffs and governmental shutdowns; (iii) our strategy, outlook, and growth prospects; (iv) our operational and financial targets, dividend policy, and capital allocation strategy; (v) general economic trends and trends in our industry and markets; (vi) the risks and costs associated with the integration of, and or ability to integrate, our stores and business units successfully; (vii) our internal control over financial reporting; (viii) the proper application of generally accepted accounting principles in the preparation of our financial statements, which are highly complex and involve many subjective assumptions, estimates, and judgments; and (ix) the competitive environment in which we operate. Forward-looking statements may include, among others, the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” or any other similar words. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results or outcomes could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, many of which are beyond our control. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in or implied by our forward-looking statements include the following: our ability to compete with other businesses in the automotive aftermarket industries; advances and changes in automotive technology; changes in consumer preferences, perceptions, and spending patterns; changes in general economic conditions and the geographic concentration of our locations; our ability to timely recruit and retain qualified accounting personnel; the need to rely on third-party service providers, which could result in significant costs; diversion of management’s time, attention and resources from strategic matters due to remediation efforts related to the material weaknesses in our internal control over financial reporting and disclosure controls and procedures; our inability to maintain an effective system of internal controls; our inability to remediate the material weaknesses in our internal control over financial reporting and disclosure controls and procedures or additional material weaknesses or other deficiencies in the future; the restatement of certain of our previously issued consolidated financial statements; the adverse effect of litigation; the risks and uncertainties, as they may be amended from time to time, set forth in our filings with the U.S. Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. There may be other factors not presently known to us or which we currently consider to be immaterial that could cause our actual results to differ materially from those projected in any forward-looking statements we make. Forward-looking statements made in this release speak only as of the date hereof. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. Given these uncertainties, you should not place undue reliance on these forward-looking statements. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this earnings release to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The Company has provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this earnings release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this earnings release. The non-GAAP financial measures in this earnings release may differ from similarly titled measures used by other companies. Non-GAAP Financial Measures in Outlook Driven Brands includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (“Adjusted EBITDA”) and Adjusted Earnings per Share (“Adjusted EPS”) in the Company’s Fiscal Year 2026 Outlook. Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures and have not been reconciled to the most comparable GAAP financial measures because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide an outlook for the comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA and Adjusted EPS are made in a manner consistent with the relevant definitions and assumptions noted herein and in our filings with the SEC. Adjusted Net Income and Adjusted Earnings Per Share Adjusted Net Income and Adjusted EPS are considered non-GAAP financial measures under the SEC’s rules because they exclude certain amounts included in the net income attributable to Driven Brands common stockholders and diluted earnings per share attributable to Driven Brands common stockholders calculated in accordance with GAAP. Management believes that Adjusted Net Income and Adjusted EPS are meaningful measures to share with investors because they facilitate comparison of the current period performance with that of the comparable prior period. In addition, Adjusted Net Income and Adjusted EPS afford investors a view of what management considers to be Driven Brands’ core earnings performance as well as the ability to make a more informed assessment of such earnings performance with that of the prior period. The tables below reflect the calculation of Adjusted Net Income and Adjusted Earnings Per Share for the three months and year ended December 27, 2025, compared to the three months and year ended December 28, 2024. Net Income to Adjusted Net Income and Adjusted Earnings Per Share (Unaudited)   Three Months Ended   Year Ended (in thousands, except per share data) December 27,
2025   December 28,
2024   December 27,
2025   December 28,
2024       As Restated       As Restated Net income (loss) from continuing operations $ 40,717     $ (20,261 )   $ 132,073     $ 546   Adjustments:               Acquisition related costs(a)   860       822       1,644       2,394   Non-core items and project costs, net(b)   3,143       —       21,560       16,751   Cloud computing amortization(c)   4,384       4,176       17,696       10,081   Share-based compensation expense(d)   6,116       13,216       32,079       50,881   Foreign currency transaction (gain) loss, net(e)   86       11,441       (14,715 )     17,530   Impairment, notes receivable loss, (gain) loss on sale of assets, net, and closed store expenses(f)   (872 )     49,207       63,160       84,236   Loss on debt extinguishment (g)   810       —       5,392       205   Amortization related to acquired intangible assets(h)   5,168       5,402       18,643       22,653   Acceleration of interest rate hedge(i)   —       —       (4,422 )     —   Valuation allowance (reversal) for deferred tax asset(j)   (433 )     12,668       (37,833 )     12,668   Adjusted net income before tax impact of adjustments   59,979       76,671       235,277       217,945   Tax impact of adjustments(k)   (3,574 )     (20,514 )     (36,043 )     (43,113 ) Adjusted net income from continuing operations $ 56,405     $ 56,157     $ 199,234     $ 174,832                   Basic earnings (loss) per share from continuing operations $ 0.25     $ (0.13 )   $ 0.80     $ —   Diluted earnings (loss) per share from continuing operations $ 0.25     $ (0.13 )   $ 0.80     $ —                   Adjusted basic earnings per share from continuing operations(1) $ 0.34     $ 0.34     $ 1.21     $ 1.07   Adjusted diluted earnings per share from continuing operations(1) $ 0.34     $ 0.34     $ 1.21     $ 1.07                   Weighted average shares outstanding               Basic   164,044       160,424       162,836       160,319   Diluted   165,015       160,424       163,852       161,210                   Weighted average shares outstanding for Adjusted Net Income               Basic   164,044       160,424       162,836       160,319   Diluted   165,015       161,778       163,852       161,210   (1) Adjusted Earnings Per Share is calculated under the two-class method. Under the two-class method, adjusted earnings per share is calculated using adjusted net income attributable to common shares, which is derived by reducing adjusted net income by the amount attributable to participating securities. Adjusted Net Income attributable to participating securities used in the basic earnings per share calculations was less than $1 million and $2 million for the three months and year ended December 27, 2025, respectively, and $1 million and $3 million for the three months and year ended December 28, 2024, respectively. Adjusted Net Income attributable to participating securities used in the diluted earnings per share calculation was less than $1 million and $2 million for the three months and year ended December 27, 2025 and less than $1 million for the three months and year ended December 28, 2024. Adjusted EBITDA Adjusted EBITDA is considered a non-GAAP financial measure under the Securities and Exchange Commission’s (“SEC”) rules because it excludes certain amounts included in net income calculated in accordance with GAAP. Management believes that Adjusted EBITDA is a meaningful measure to share with investors because it facilitates comparison of the current period performance with that of the comparable prior period. In addition, Adjusted EBITDA affords investors a view of what management considers to be Driven Brand’s core operating performance as well as the ability to make a more informed assessment of such operating performance as compared with that of the prior period. Please see the company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, filed with the SEC on February 26, 2025, for additional information on Adjusted EBITDA. The tables below reflect the calculation of Adjusted EBITDA for the three months and year ended December 27, 2025, compared to the three months and year ended December 28, 2024. Net Income (Loss) to Adjusted EBITDA Reconciliation (Unaudited)   Three Months Ended   Year Ended (in thousands) December 27,
2025   December 28,
2024   December 27,
2025   December 28,
2024       As Restated       As Restated Net income (loss) from continuing operations $ 40,717     $ (20,261 )   $ 132,073     $ 546 Income tax (benefit) expense   7,923       (11,378 )     (12,842 )     24,547 Interest expense, net   28,628       35,993       121,202       156,991 Depreciation and amortization   20,132       21,079       81,858       78,989 EBITDA   97,400       25,433       322,291       261,073 Acquisition related costs(a)   860       822       1,644       2,394 Non-core items and project costs, net(b)   3,143       —       21,560       16,751 Cloud computing amortization(c)   4,384       4,176       17,696       10,081 Share-based compensation expense(d)   6,116       13,216       32,079       50,881 Foreign currency transaction (gain) loss, net(e)   86       11,441       (14,715 )     17,530 Impairment, notes receivable loss, (gain) loss on sale of assets, net, and closed store expenses(f)   (872 )     49,207       63,160       84,236 Loss on debt extinguishment(g)   810       —       5,392       205 Adjusted EBITDA $ 111,927     $ 104,295     $ 449,107     $ 443,151 Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings Per Share Footnotes (a) Consists of acquisition costs as reflected within the consolidated statements of operations, including legal, consulting and other fees, and expenses incurred in connection with acquisitions completed during the applicable period, as well as inventory rationalization expenses incurred in connection with acquisitions. As acquisitions occur in the future, we expect to incur similar costs and, under U.S. GAAP, such costs relating to acquisitions are expensed as incurred and not capitalized. (b) Consists of discrete items and project costs, including third-party professional costs associated with strategic transformation initiatives as well as non-recurring payroll-related costs and non-ordinary course legal settlements. (c) Includes non-cash amortization expenses relating to cloud computing arrangements. (d) Represents non-cash share-based compensation expense. (e) Represents foreign currency transaction (gains) losses, net that primarily related to the remeasurement of our intercompany loans as well as gains and losses on cross-currency swaps. (f) Consists of the following items (i) asset impairments, (ii) (gains) losses, net on sale leasebacks, disposal of assets, including assets held for sale, or sale of business; and (iii) loss on fair value of the Seller Note. (g) Represents charges incurred related to the Company’s full repayment of the Term Loan Facility in conjunction with the sale of the U.S. Car Wash business and the issuance of the Series 2025-1 Senior Notes in the current year and charges incurred related to the Company’s partial repayment of Senior Secured Notes in conjunction with the sale of its Canadian distribution business in the prior year. (h) Consists of amortization related to acquired intangible assets as reflected within depreciation and amortization in the consolidated statements of operations. (i) Consists of the accelerated amortization of an interest rate hedge associated with the Series 2022-1 Senior Securitization Notes, which was refinanced in October 2025. (j) Represents valuation allowances on income tax carryforwards in certain jurisdictions that are not more likely than not to be realized. (k) Represents the tax impact of adjustments associated with the reconciling items between net income from continuing operations and Adjusted Net Income, excluding the provision for uncertain tax positions and valuation allowance for certain deferred tax assets. To determine the tax impact of the deductible reconciling items, we utilized statutory income tax rates ranging from 9% to 36% depending upon the tax attributes of each adjustment and the applicable jurisdiction. DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES ADJUSTED EBITDA RECONCILIATION (UNAUDITED)     Three Months Ended   Year Ended (in thousands) December 27,
2025   December 28,
2024   December 27,
2025   December 28,
2024       As Restated       As Restated Take 5 $ 107,314     $ 98,975     $ 418,676     $ 380,155   Franchise Brands   42,411       42,615       178,838       190,759   Auto Glass Now   3,196       3,603       25,874       12,597   Corporate and Other   (40,994 )     (40,898 )     (174,281 )     (140,360 ) Adjusted EBITDA $ 111,927     $ 104,295     $ 449,107     $ 443,151   DRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES ADDITIONAL INFORMATION ON KEY PERFORMANCE INDICATORS (UNAUDITED)     Three Months Ended December 27, 2025 (in thousands) Take 5   Franchise
Brands   Auto Glass
Now   Corporate
and Other   Total System-wide Sales                   Franchise stores $ 155,290   $ 1,013,945   $ —   $ —   $ 1,169,235 Company-operated stores   256,115     3,875     56,298     —     316,288 Total System-wide Sales $ 411,405   $ 1,017,820   $ 56,298   $ —   $ 1,485,523                     Store Count (in whole numbers)                   Franchise stores   530     2,686     —     —     3,216 Company-operated stores   812     13     211     —     1,036 Total Store Count   1,342     2,699     211     —     4,252                       Three Months Ended December 28, 2024   As Restated (in thousands) Take 5   Franchise
Brands   Auto Glass
Now   Corporate
and Other   Total System-wide Sales                   Franchise stores $ 124,620   $ 1,034,255   $ —   $ —   $ 1,158,875 Company-operated stores   237,817     4,440     53,137     799     296,193 Total System-wide Sales $ 362,437   $ 1,038,695   $ 53,137   $ 799   $ 1,455,068                     Store Count (in whole numbers)                   Franchise stores   463     2,666     —     —     3,129 Company-operated stores   718     13     217     —     948 Total Store Count   1,181     2,679     217     —     4,077   Year Ended December 27, 2025 (in thousands) Take 5   Franchise
Brands   Auto Glass
Now   Corporate
and Other   Total System-wide Sales                   Franchise stores $ 596,968   $ 4,200,793   $ —   $ —   $ 4,797,761 Company-operated stores   1,020,113     17,241     257,604     —     1,294,958 Total System-wide Sales $ 1,617,081   $ 4,218,034   $ 257,604   $ —   $ 6,092,719                     Store Count (in whole numbers)                   Franchise stores   530     2,686     —     —     3,216 Company-operated stores   812     13     211     —     1,036 Total Store Count   1,342     2,699     211     —     4,252                       Year Ended December 28, 2024   As Restated (in thousands) Take 5   Franchise
Brands   Auto Glass
Now   Corporate
and Other   Total System-wide Sales                   Franchise stores $ 465,059   $ 4,287,002   $ —   $ —   $ 4,752,061 Company-operated stores   920,518     16,372     237,500     4,393     1,178,783 Total System-wide Sales $ 1,385,577   $ 4,303,374   $ 237,500   $ 4,393   $ 5,930,844                     Store Count (in whole numbers)                   Franchise stores   463     2,666     —     —     3,129 Company-operated stores   718     13     217     —     948 Total Store Count   1,181     2,679     217     —     4,077   View source version on businesswire.com: https://www.businesswire.com/news/home/20260518607161/en/ Shareholder/Analyst inquiries:
Steve Alexander
stephen.alexander @vp Media inquiries:
Michelle Appleyard
michelle.appleyard @schumi Original: Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2025 Results

Driven Brands Holdings Inc. to Host 2025 Fourth Quarter and Year-End Earnings Call on May 19, 2026May 15, 2026 4:15 PM
Business Wire Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) will release its financial results for the fourth quarter and fiscal year ended December 27, 2025, before the market opens on May 19, 2026. Following the release, management will host a conference call at 8:30 a.m. ET to review the Company’s financial and operating performance. The call will be available by webcast and can be accessed by visiting the Company’s Investor Relations website at investors.drivenbrands.com. A replay of the call will be available for at least three months. About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including oil change, paint, collision, glass, vehicle repair, and maintenance. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514452993/en/ Shareholder/Analyst inquiries:
Steve Alexander
stephen.alexander @vp Media inquiries:
Michelle Appleyard
michelle.appleyard @schumi Original: Driven Brands Holdings Inc. to Host 2025 Fourth Quarter and Year-End Earnings Call on May 19, 2026

DRVN Legal Alert: Driven Brands Hit with Securities Fraud Class Action Over Financial Restatements and Corresponding 39% Stock DropMay 5, 2026 6:36 AM
PR Newswire (US) Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.NEW YORK, May 5, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ:DRVN) and certain of the Company's senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%. If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.Key Details of the Driven Brands ($DRVN) Class Action:Lead Plaintiff Deadline: May 8, 2026Alleged Misconduct: Securities fraud relating to Driven Brands' financial restatements due to material accounting errors from 2023 to 2025Stock Decline: February 25, 2026 – 39.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.Why is Driven Brands Being Sued for Securities Fraud?Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.Why Did Driven Brands' Stock Drop?On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.On this news, Driven Brands' stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.What Can You Do?If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit Why Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes. View original content to download multimedia:https://www.prnewswire.com/news-releases/drvn-legal-alert-driven-brands-hit-with-securities-fraud-class-action-over-financial-restatements-and-corresponding-39-stock-drop-302762052.htmlSOURCE Bleichmar Fonti & Auld LLP Original: DRVN Legal Alert: Driven Brands Hit with Securities Fraud Class Action Over Financial Restatements and Corresponding 39% Stock Drop

Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVNMay 4, 2026 3:09 AM
PR Newswire (US)

LOS ANGELES, May 4, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ: DRVN) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 9, 2023 to February 24, 2026DEADLINE: May 8, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Driven Brands made numerous errors in its accounting including its consolidated balance sheet as of December 28, 2024, and September 27, 2025. Some of the Company's errors resulted in the overstatement of revenue and cash and the understatement of supply and other expenses. Based on these facts, Driven Brands' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/driven-brands-holdings-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--drvn-302760935.htmlSOURCE DJS Law Group LLP

Original: Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVN

DRVN Investor Alert: Driven Brands Sued for Securities Fraud Amid Financial RestatementsApril 28, 2026 6:20 AM
PR Newswire (US)

Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.NEW YORK, April 28, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ: DRVN) and certain of the Company's senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.







If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.Key Details of the Driven Brands ($DRVN) Class Action:Lead Plaintiff Deadline: May 8, 2026Alleged Misconduct: Securities fraud relating to Driven Brands' financial restatements due to material accounting errors from 2023 to 2025Stock Decline: February 25, 2026 – 39.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.Why is Driven Brands Being Sued for Securities Fraud?Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.Why Did Driven Brands' Stock Drop?On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.On this news, Driven Brands' stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.What Can You Do?If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.



View original content to download multimedia:https://www.prnewswire.com/news-releases/drvn-investor-alert-driven-brands-sued-for-securities-fraud-amid-financial-restatements-302751461.htmlSOURCE Bleichmar Fonti & Auld LLP

Original: DRVN Investor Alert: Driven Brands Sued for Securities Fraud Amid Financial Restatements

Driven Brands Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K for Fiscal Year 2025April 21, 2026 5:00 PM
Business Wire
Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced that it received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) on April 15, 2026 (the “Notice”). The Notice indicated that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its delay in filing its Annual Report on Form 10-K for the period ended December 27, 2025 (the “2025 Form 10-K”) with the Securities and Exchange Commission (the “SEC”). The Listing Rule requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC.


The Notice from Nasdaq is standard practice in the event of a delayed periodic financial report filing. The Notice has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. In accordance with Nasdaq’s listing rules, the Company has 60 calendar days after the Notice, or until June 15, 2026, to submit a plan of compliance to Nasdaq addressing how the Company intends to regain compliance with the Listing Rule. Pursuant to the Notice, Nasdaq has the discretion to grant the Company up to 180 calendar days from the 2025 Form 10-K’s due date or until October 12, 2026, for the Company to regain compliance with the Listing Rule.


The Company is working diligently to complete the review and expects to file the 2025 Form 10-K before June 15, 2026.


About Driven Brands


Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including oil change, paint, collision, glass, vehicle repair, and maintenance. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®.


Disclosure Regarding Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this press release are forward-looking statements. In particular, forward-looking statements include, among other things, statements relating to our beliefs and expectations relating to the timing of the filing of the 2025 Form 10-K. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Company’s financial reporting, uncertainties about the timing of the Company’s submission of a compliance plan, Nasdaq’s acceptance of any such plan, the duration of any extension that may be granted by Nasdaq, the risk that the Company will be unable to meet Nasdaq’s continued listing requirements. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulation. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421277729/en/
Shareholder/Analyst inquiries:

Steve Alexander

stephen.alexander@drivenbrands.com

(972) 467-6180


Media inquiries:

Michelle Appleyard

michelle.appleyard@drivenbrands.com

(704) 644-8129


Original: Driven Brands Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K for Fiscal Year 2025

Driven Brands Holdings Inc. Provides Preliminary Unaudited Results for 2025 and Q1 2026 and Update on SEC Filing StatusApril 21, 2026 5:05 PM
Business Wire
Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) is providing an update on the preliminary unaudited financial results it currently expects to report for the fourth quarter and fiscal year ending December 27, 2025, and for the first quarter ending March 28, 2026. The Company is also providing an update regarding the filing status of its 2025 Form 10-K and first quarter 2026 Form 10-Q.


Preliminary Unaudited Results for Fourth Quarter and Fiscal Year 2025 and First Quarter 2026(1)


The Company is providing the following preliminary unaudited financial results for the fourth quarter and fiscal year 2025 and first quarter 2026:





Q4 2025(2)






FY 2025(2)






Q1 2026(2)








Driven Same-Store Sales (“SSS”)






0.3% - 0.5%






0.95% - 1.00%






1.9% - 2.1%








Take 5 SSS






3.5% - 3.7%






6.1% - 6.2%






4.3% - 4.5%








Driven Revenue ($M)






$450 - $460






$1,850 - $1,860






$475 - $485








Driven Net Unit Growth






81






175






29








Take 5 Net Unit Growth






60






161






29








Adjusted EBITDA ($M)(3)






$100 - $110






$440 - $450






Expect to be lower than prior year due to expenses associated with the restatement of previously issued financial statements.









(1)







The results for the fourth quarter and fiscal year ending December 27, 2025 and the first quarter ending March 28, 2026 set forth above are preliminary and unaudited in nature and subject to change as results for such periods are finalized. The Company's actual results for these periods may differ from the preliminary estimates presented herein, and additional developments and adjustments may arise between now and the time the financial information for these periods is finalized. Estimates of results are inherently uncertain and subject to change, and the Company undertakes no obligation to update the estimated results. Accordingly, you should not place undue reliance on these estimates.








(2)







Results exclude US and International Car Wash businesses, both of which are treated as discontinued operations.








(3)







See “Non-GAAP Financial Measures in Preliminary Unaudited Financial Results” below.








The Company had approximately $130 million in cash and cash equivalents as of March 28, 2026, and continues to generate solid free cash flow. In addition, the Company’s revolving credit facility and securitization variable funding notes are currently undrawn. Management continues to believe it has adequate liquidity and operating cash flow for its needs going forward.



The Company currently estimates ending the first quarter with total net debt of approximately $1.6 billion, down from approximately $2.1 billion as of December 27, 2025.



The Company intends to provide Fiscal 2026 Outlook when it files the 2025 Form 10-K.



Update Regarding the 2025 Form 10-K and Impact on Q1 2026 Form 10-Q


As previously disclosed, on February 23, 2026, the Audit Committee of the Board of Directors, after consultation with the Company’s management, concluded there were material errors in its previously issued consolidated financial statements for the fiscal year ended December 28, 2024 and the fiscal year ended December 30, 2023 contained in the Company’s Annual Report on Form 10-K for fiscal year 2024, and in its previously issued unaudited condensed consolidated financial statements for each of the quarterly and year-to-date periods within fiscal year 2024 as well as the quarterly and year-to-date periods for the periods ended September 27, 2025, June 28, 2025 and March 29, 2025, and concluded that such financial statements should not be relied upon and required restatement. The Company is not yet able to provide additional details regarding its financial results for the impacted periods.


As a result, the Company could not timely file its 2025 Form 10-K. As disclosed on March 11, 2026, the Company previously expected to file its 2025 Form 10-K by April 26, 2026; it no longer expects to meet this date. In accordance with Nasdaq listing rules, the Company has until June 15, 2026 to submit a plan to regain compliance with respect to its delinquent Form 10-K. The Company currently expects to file the 2025 Form 10-K on or before this deadline. Due to the delay in filing its 2025 Form 10-K, the Company does not currently expect to timely file its first quarter 2026 Form 10-Q.


In connection with the restatement, the Company has identified material weaknesses in its internal control over financial reporting and in its disclosure controls and procedures. The Company expects to provide further detail regarding the nature of these material weaknesses and its remediation efforts in the 2025 Form 10-K.


Until the restatement and related reporting are complete, the Company expects to limit communications on these matters to required public disclosures.


About Driven Brands


Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including oil change, paint, collision, glass, vehicle repair, and maintenance. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®.


Disclosure Regarding Forward-Looking Statements


This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management, impact of accounting standards and outlook, impairments, and expected market growth are “forward-looking statements” for the purposes of federal and state securities laws, including, among other things, any statements relating to: (i) the preliminary estimates for fiscal year 2025 and the first quarter of 2026 presented in this press release; and (ii) our beliefs and expectations relating to the timing of the filing of the 2025 Form 10-K and first quarter 2026 Form 10-Q. Forward-looking statements may include, among others, the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” or any other similar words.


Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results or outcomes could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, many of which are beyond our control. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in or implied by our forward-looking statements include the following: our ability to compete with other businesses in the automotive aftermarket industries; advances and changes in automotive technology; changes in consumer preferences, perceptions, and spending patterns; changes in general economic conditions and the geographic concentration of our locations; a material delay in the Company’s financial reporting; our ability to timely recruit and retain qualified accounting personnel; the need to rely on third-party service providers, which could result in significant costs; diversion of management’s time, attention and resources from strategic matters due to remediation efforts related to the material weaknesses in our internal control over financial reporting and disclosure controls and procedures; our inability to maintain an effective system of internal controls; our inability to remediate the material weaknesses in our internal control over financial reporting and disclosure controls and procedures or additional material weaknesses or other deficiencies in the future; the restatement of certain of our previously issued consolidated financial statements; the adverse effect of litigation; the risks and uncertainties, as they may be amended from time to time, set forth in our filings with the U.S. Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.


There may be other factors not presently known to us or which we currently consider to be immaterial that could cause our actual results to differ materially from those projected in any forward-looking statements we make.


Forward-looking statements made in this release speak only as of the date hereof. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. Given these uncertainties, you should not place undue reliance on these forward-looking statements.


Non-GAAP Financial Measures in Preliminary Unaudited Financial Results


Driven Brands includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (“Adjusted EBITDA”) in the Company’s preliminary unaudited financial results for the fourth quarter and fiscal year ending December 27, 2025. Adjusted EBITDA is a non-GAAP financial measure and it has not been reconciled to the most comparable GAAP financial measures because the restatement process remains ongoing; accordingly, GAAP results for these periods remain subject to adjustment, and reconciling items cannot be determined with the level of precision required to provide a meaningful reconciliation. We are therefore unable to provide estimated information for the comparable GAAP measures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421637425/en/
Shareholder/Analyst inquiries:

Steve Alexander

stephen.alexander@drivenbrands.com

(972) 467-6180


Media inquiries:

Michelle Appleyard

michelle.appleyard@drivenbrands.com

(704) 644-8129


Original: Driven Brands Holdings Inc. Provides Preliminary Unaudited Results for 2025 and Q1 2026 and Update on SEC Filing Status

DRVN Shareholder Alert: Driven Brands Investors Accuse Company of Securities Fraud Over Financial RestatementsApril 21, 2026 6:33 AM
PR Newswire (US)

Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.NEW YORK, April 21, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ:DRVN) and certain of the Company's senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.







If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.Key Details of the Driven Brands ($DRVN) Class Action:Lead Plaintiff Deadline: May 8, 2026Alleged Misconduct: Securities fraud relating to Driven Brands' financial restatements due to material accounting errors from 2023 to 2025Stock Decline: February 25, 2026 – 39.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.Why is Driven Brands Being Sued for Securities Fraud?Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.Why Did Driven Brands' Stock Drop?On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.On this news, Driven Brands' stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.What Can You Do?If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.



View original content to download multimedia:https://www.prnewswire.com/news-releases/drvn-shareholder-alert-driven-brands-investors-accuse-company-of-securities-fraud-over-financial-restatements-302745347.htmlSOURCE Bleichmar Fonti & Auld LLP

Original: DRVN Shareholder Alert: Driven Brands Investors Accuse Company of Securities Fraud Over Financial Restatements

DRVN Stock Drop: Driven Brands Financial Restatements Lead to 39% Stock Drop - Securities Class Action to Recover Losses PendingApril 14, 2026 6:17 AM
PR Newswire (US)

Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.NEW YORK, April 14, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ: DRVN) and certain of the Company's senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.







If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.Key Details of the Driven Brands ($DRVN) Class Action:Lead Plaintiff Deadline: May 8, 2026Alleged Misconduct: Securities fraud relating to Driven Brands' financial restatements due to material accounting errors from 2023 to 2025Stock Decline: February 25, 2026 – 39.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.Why is Driven Brands Being Sued for Securities Fraud?Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.Why Did Driven Brands' Stock Drop?On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.On this news, Driven Brands' stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.What Can You Do?If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.



View original content to download multimedia:https://www.prnewswire.com/news-releases/drvn-stock-drop-driven-brands-financial-restatements-lead-to-39-stock-drop--securities-class-action-to-recover-losses-pending-302741248.htmlSOURCE Bleichmar Fonti & Auld LLP

Original: DRVN Stock Drop: Driven Brands Financial Restatements Lead to 39% Stock Drop - Securities Class Action to Recover Losses Pending

Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVNApril 13, 2026 4:03 AM
PR Newswire (US)

LOS ANGELES, April 13, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ: DRVN) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 9, 2023 to February 24, 2026DEADLINE: May 8, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Driven Brands made numerous errors in its accounting including its consolidated balance sheet as of December 28, 2024, and September 27, 2025. Some of the Company's errors resulted in the overstatement of revenue and cash and the understatement of supply and other expenses. Based on these facts, Driven Brands' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/driven-brands-holdings-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--drvn-302740098.htmlSOURCE DJS Law Group LLP

Original: Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVN

$DRVN Dunkin’ among the top 20 fast-food brands with glyphosate detected.

DRVN Court Notice: Driven Brands Hit with Securities Fraud Class Action Over Financial Restatements after 39% Stock DropApril 7, 2026 6:17 AM
PR Newswire (US)

Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.NEW YORK, April 7, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ:DRVN) and certain of the Company's senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.







If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.Key Details of the Driven Brands ($DRVN) Class Action:Lead Plaintiff Deadline: May 8, 2026Alleged Misconduct: Securities fraud relating to Driven Brands' financial restatements due to material accounting errors from 2023 to 2025Stock Decline: February 25, 2026 – 39.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.Why is Driven Brands Being Sued for Securities Fraud?Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.Why Did Driven Brands' Stock Drop?On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.On this news, Driven Brands' stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.What Can You Do?If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.



View original content to download multimedia:https://www.prnewswire.com/news-releases/drvn-court-notice-driven-brands-hit-with-securities-fraud-class-action-over-financial-restatements-after-39-stock-drop-302734843.htmlSOURCE Bleichmar Fonti & Auld LLP

Original: DRVN Court Notice: Driven Brands Hit with Securities Fraud Class Action Over Financial Restatements after 39% Stock Drop

Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVNApril 6, 2026 4:17 AM
PR Newswire (US)

LOS ANGELES, April 6, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ: DRVN) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 9, 2023 to February 24, 2026DEADLINE: May 8, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Driven Brands made numerous errors in its accounting including its consolidated balance sheet as of December 28, 2024, and September 27, 2025. Some of the Company's errors resulted in the overstatement of revenue and cash and the understatement of supply and other expenses. Based on these facts, Driven Brands' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/driven-brands-holdings-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--drvn-302734458.htmlSOURCE DJS Law Group LLP

Original: Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVN

Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVNApril 1, 2026 1:57 AM
PR Newswire (US)

LOS ANGELES, April 1, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ: DRVN) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 9, 2023 to February 24, 2026DEADLINE: May 8, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Driven Brands made numerous errors in its accounting including its consolidated balance sheet as of December 28, 2024, and September 27, 2025. Some of the Company's errors resulted in the overstatement of revenue and cash and the understatement of supply and other expenses. Based on these facts, Driven Brands' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/driven-brands-holdings-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--drvn-302730833.htmlSOURCE DJS Law Group LLP

Original: Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVN

DRVN Securities News: Driven Brands Sued for Securities Fraud After Financial Restatements Spark 39% Stock DropMarch 31, 2026 6:07 AM
PR Newswire (US)

Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.NEW YORK, March 31, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ: DRVN) and certain of the Company's senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.







If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.Key Details of the Driven Brands ($DRVN) Class Action:Lead Plaintiff Deadline: May 8, 2026Alleged Misconduct: Securities fraud relating to Driven Brands' financial restatements due to material accounting errors from 2023 to 2025Stock Decline: February 25, 2026 – 39.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.Why is Driven Brands Being Sued for Securities Fraud?Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.Why Did Driven Brands' Stock Drop?On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.On this news, Driven Brands' stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.What Can You Do?If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.



View original content to download multimedia:https://www.prnewswire.com/news-releases/drvn-securities-news-driven-brands-sued-for-securities-fraud-after-financial-restatements-spark-39-stock-drop-302729413.htmlSOURCE Bleichmar Fonti & Auld LLP

Original: DRVN Securities News: Driven Brands Sued for Securities Fraud After Financial Restatements Spark 39% Stock Drop

DRVN Stock Drop: Driven Brands Investors with Losses Notified of Rights in Pending Securities Class Action After Stock Plummeted 39%March 24, 2026 6:33 AM
PR Newswire (US)

Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.NEW YORK, March 24, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ:DRVN) and certain of the Company's senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.







If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.Key Details of the Driven Brands ($DRVN) Class Action:Lead Plaintiff Deadline: May 8, 2026Alleged Misconduct: Securities fraud relating to Driven Brands' financial restatements due to material accounting errors from 2023 to 2025Stock Decline: February 25, 2026 – 39.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.Why is Driven Brands Being Sued for Securities Fraud?Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.Why Did Driven Brands' Stock Drop?On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.On this news, Driven Brands' stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.What Can You Do?If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit or contact:Why Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.



View original content to download multimedia:https://www.prnewswire.com/news-releases/drvn-stock-drop-driven-brands-investors-with-losses-notified-of-rights-in-pending-securities-class-action-after-stock-plummeted-39-302722769.htmlSOURCE Bleichmar Fonti & Auld LLP

Original: DRVN Stock Drop: Driven Brands Investors with Losses Notified of Rights in Pending Securities Class Action After Stock Plummeted 39%

Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVNMarch 23, 2026 2:06 AM
PR Newswire (US)

LOS ANGELES, March 23, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ: DRVN) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 9, 2023 to February 24, 2026DEADLINE: May 8, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Driven Brands made numerous errors in its accounting including its consolidated balance sheet as of December 28, 2024, and September 27, 2025. Some of the Company's errors resulted in the overstatement of revenue and cash and the understatement of supply and other expenses. Based on these facts, Driven Brands' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/driven-brands-holdings-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--drvn-302721730.htmlSOURCE DJS Law Group LLP

Original: Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVN

Bernstein Litowitz Berger & Grossmann LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Driven Brands Holdings Inc. Common StockMarch 20, 2026 9:00 AM
PR Newswire (US)

CHARLOTTE, N.C., March 20, 2026 /PRNewswire/ -- Bernstein Litowitz Berger & Grossmann LLP announces that the United States District Court for the Western District of North Carolina has approved the following announcement of a proposed class action settlement on behalf of purchasers of Driven Brands Holdings Inc. common stock (NASDAQ: DRVN):
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF NORTH CAROLINA
CHARLOTTE DIVISIONGENESEE COUNTY EMPLOYEES'
RETIREMENT SYSTEM, on behalf of itself and
all others similarly situated, Plaintiffs, v. DRIVEN BRANDS HOLDINGS INC.,
JONATHAN G. FITZPATRICK, and TIFFANY L.
MASON,  Defendants.Case No. 3:23-cv-00895-MOC-DCK Judge: Honorable Max O. Cogburn, Jr.   SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT; (II) SETTLEMENT HEARING; AND (III) MOTION FOR ATTORNEYS' FEES AND LITIGATION EXPENSESTO: All persons and entities who purchased the common stock of Driven Brands Holdings Inc. ("Driven" or the "Company") during the period from October 27, 2021 through August 1, 2023, inclusive (the "Class Period") (the "Settlement Class")1:PLEASE READ THIS NOTICE CAREFULLY.  YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Western District of North Carolina (the "Court"), that the above-captioned securities class action (the "Action") is pending in the Court.YOU ARE ALSO NOTIFIED that Lead Plaintiffs Genesee County Employees' Retirement System, Oakland County Employees' Retirement System, and Oakland County Voluntary Employees' Beneficiary Association (together, "Lead Plaintiffs"), on behalf of themselves and the Settlement Class, have reached a proposed settlement of the Action for $25,000,000 in cash (the "Settlement").  If approved, the Settlement will resolve all claims in the Action.The Action involves allegations that Driven and certain of its senior officers violated federal securities laws.  Lead Plaintiffs allege that Driven, its former Chief Executive Officer, Jonathan G. Fitzpatrick ("Fitzpatrick"), and its former Chief Financial Officer, Tiffany L. Mason ("Mason"), made material misrepresentations and omissions during the Class Period concerning: (a) Driven's efforts to create a nationwide auto-glass business by acquiring and integrating smaller companies into a single "platform"; and (b) operational execution and customer retention in Driven's car wash business.  Lead Plaintiffs alleged that Defendants' alleged misstatements violated Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), and that Fitzpatrick and Mason controlled Driven when the misstatements were made, in violation of Section 20(a) of the Exchange Act.  Defendants[2] deny all allegations in the Action and deny any violations of the federal securities laws.  Issues and defenses at issue in the Action included, among others: (i) whether Defendants made materially false statements or omissions; (ii) whether Defendants made the statements with the required state of mind; (iii) whether the alleged misstatements caused class members' losses; and (iv) the amount of damages, if any. A hearing will be held on June 1, 2026, at 9:45 a.m., before the Honorable Max O. Cogburn, Jr. of the United States District Court for the Western District of North Carolina, either in person at the United States Courthouse, Charles R. Jonas Federal Building, 401 West Trade Street, Charlotte, NC 28202, Courtroom 5A, or by telephone or videoconference, in the discretion of the Court, to determine: (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether, for purposes of the proposed Settlement only, the Action should be certified as a class action on behalf of the Settlement Class, Lead Plaintiffs should be certified as Class Representatives for the Settlement Class, and Lead Counsel Bernstein Litowitz Berger & Grossmann LLP should be appointed as Class Counsel for the Settlement Class; (iii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation (and in the Notice) should be granted; (iv) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (v) whether Lead Counsel's application for an award of attorneys' fees and expenses should be approved.If you are a member of the Settlement Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Net Settlement Fund.  If you have not yet received the Notice and the Proof of Claim and Release Form ("Claim Form"), you may obtain copies of these documents by contacting the Claims Administrator at:  Driven Brands Securities Litigation, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson St., Suite 205, Media, PA 19063; (855) 433-7863; info@DrivenBrandsSecuritiesLitigation.com.  Copies of the Notice and Claim Form can also be downloaded from the Settlement website, www.DrivenBrandsSecuritiesLitigation.com.If you are a member of the Settlement Class, in order to be eligible to receive a payment from the Settlement, you must submit a Claim Form to the Claims Administrator postmarked (if mailed) or online by no later than July 6, 2026.  If you are a Settlement Class Member and do not submit a proper Claim Form, you will not be eligible to receive a payment from the Settlement, but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.If you are a member of the Settlement Class and wish to exclude yourself from the Settlement Class, you must submit a request for exclusion to the Claims Administrator such that it is received no later than May 11, 2026, in accordance with the instructions set forth in the Notice.  If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court in the Action and you will not be eligible to receive a payment from the Settlement.Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel's motion for attorneys' fees and expenses must be filed with the Court and delivered to Lead Counsel and Defendants' Counsel such that they are received no later than May 11, 2026, in accordance with the instructions set forth in the Notice.Please do not contact the Court, the Office of the Clerk of the Court, Defendants, or their counsel regarding this notice.  All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Claims Administrator or Lead Counsel.Requests for the Notice and Claim Form should be made to:Driven Brands Securities Litigation
c/o Strategic Claims Services
P.O. Box 230
600 N. Jackson Street, Suite 205
Media, PA 19063(855) 433-7863
info@DrivenBrandsSecuritiesLitigation.com 
www.DrivenBrandsSecuritiesLitigation.com Inquiries, other than requests for the Notice and Claim Form, should be made to Lead Counsel:Jonathan D. Uslaner
Bernstein Litowitz Berger & Grossmann LLP
2121 Avenue of the Stars, Suite 2575
Los Angeles, CA 90067(800) 380-8496
settlements@blbglaw.com By Order of the Court1 Certain persons and entities are excluded from the Settlement Class by definition, as set forth in the full Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys' Fees and Litigation Expenses (the "Notice"), available at www.DrivenBrandsSecuritiesLitigation.com.2 Capitalized terms not otherwise defined herein shall have the same meaning as in the Stipulation and Agreement of Settlement, dated December 19, 2025 (the "Stipulation").  The Stipulation can be viewed and/or obtained at www.DrivenBrandsSecuritiesLitigation.com.



View original content:https://www.prnewswire.com/news-releases/bernstein-litowitz-berger--grossmann-llp-announces-proposed-class-action-settlement-on-behalf-of-purchasers-of-driven-brands-holdings-inc-common-stock-302713567.htmlSOURCE Bernstein Litowitz Berger & Grossmann LLP

Original: Bernstein Litowitz Berger & Grossmann LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Driven Brands Holdings Inc. Common Stock

Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVNMarch 20, 2026 3:12 AM
PR Newswire (US)

LOS ANGELES, March 20, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ: DRVN) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 9, 2023 to February 24, 2026
DEADLINE: May 8, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Driven Brands made numerous errors in its accounting including its consolidated balance sheet as of December 28, 2024, and September 27, 2025. Some of the Company's errors resulted in the overstatement of revenue and cash and the understatement of supply and other expenses. Based on these facts, Driven Brands' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
 Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/driven-brands-holdings-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--drvn-302719492.htmlSOURCE DJS Law Group LLP

Original: Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVN

DRVN Investor Reminder: Driven Brands Faces Securities Fraud Class Action after Stock Drops 39% - Contact BFA Law by May 8 Legal DeadlineMarch 19, 2026 6:32 AM
Business Wire
Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.


Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ:DRVN) and certain of the Company’s senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.


If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.


Key Details of the Driven Brands ($DRVN) Class Action:



Lead Plaintiff Deadline: May 8, 2026



Alleged Misconduct: Securities fraud relating to Driven Brands’ financial restatements due to material accounting errors from 2023 to 2025



Stock Decline: February 25, 2026 – 39.8% Stock Drop



Court: U.S. District Court for the Southern District of New York



Action: Contact BFA Law to discuss your rights



Investors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.


Why is Driven Brands Being Sued for Securities Fraud?


Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.


As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.


Why Did Driven Brands’ Stock Drop?


On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.


On this news, Driven Brands’ stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.


What Can You Do?


If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.


Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit or contact:


Adam McCall

adam@bfalaw.com

212.789.3619


Why Bleichmar Fonti & Auld LLP?


BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.


For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit


Attorney advertising. Past results do not guarantee future outcomes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319267198/en/
Adam McCall

adam@bfalaw.com

212.789.3619


Original: DRVN Investor Reminder: Driven Brands Faces Securities Fraud Class Action after Stock Drops 39% - Contact BFA Law by May 8 Legal Deadline

DRVN Shareholder Alert: Driven Brands Sued for Securities Fraud after Financial Restatements Lead to 39% Stock DropMarch 17, 2026 6:17 AM
PR Newswire (US)

Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.NEW YORK, March 17, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ: DRVN) and certain of the Company's senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.







If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.Key Details of the Driven Brands ($DRVN) Class Action:Lead Plaintiff Deadline: May 8, 2026Alleged Misconduct: Securities fraud relating to Driven Brands' financial restatements due to material accounting errors from 2023 to 2025Stock Decline: February 25, 2026 – 39.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.Why is Driven Brands Being Sued for Securities Fraud?Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.Why Did Driven Brands' Stock Drop?On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.On this news, Driven Brands' stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.What Can You Do?If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.



View original content to download multimedia:https://www.prnewswire.com/news-releases/drvn-shareholder-alert-driven-brands-sued-for-securities-fraud-after-financial-restatements-lead-to-39-stock-drop-302715443.htmlSOURCE Bleichmar Fonti & Auld LLP

Original: DRVN Shareholder Alert: Driven Brands Sued for Securities Fraud after Financial Restatements Lead to 39% Stock Drop

Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVNMarch 16, 2026 3:00 AM
PR Newswire (US)

LOS ANGELES, March 16, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ: DRVN) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 9, 2023 to February 24, 2026DEADLINE: May 8, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Driven Brands made numerous errors in its accounting including its consolidated balance sheet as of December 28, 2024, and September 27, 2025. Some of the Company's errors resulted in the overstatement of revenue and cash and the understatement of supply and other expenses. Based on these facts, Driven Brands' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/driven-brands-holdings-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--drvn-302714236.htmlSOURCE DJS Law Group LLP

Original: Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVN

DRVN Lawsuit Alleges Allegedly Concealing Pervasive Accounting Errors - Driven Brands Holdings Inc. Investors Face Losses Following Allegedly Concealing Pervasive Accounting Errors: SueWallStMarch 12, 2026 9:00 AM
PR Newswire (US)

The Red Flags: What Insiders Allegedly Knew Before Shareholders DidNEW YORK, March 12, 2026 /PRNewswire/ -- SueWallSt announces that a securities class action has been filed against Driven Brands Holdings Inc. (NASDAQ: DRVN).YOU MAY BE AFFECTED IF YOU:Purchased DRVN stock between May 9, 2023, and February 24, 2026Lost money on your Driven Brands investmentSubmit your information to recover losses or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt.Driven Brands shares collapsed nearly 40%, losing $6.62 per share, after the Company disclosed on February 25, 2026, that nearly three years of financial statements contained material errors requiring restatement. The lead plaintiff deadline is May 8, 2026.What They Allegedly KnewAn unreconciled cash balance originating in fiscal year 2023 sat inside Driven Brands' books for years, the securities action alleges. This discrepancy, among "many other errors" allegedly cascaded into overstated revenue, overstated cash, and understated operating expenses across fiscal years 2023 and 2024 and into quarterly periods through September 2025.Throughout this period, the Company's SEC filings presented revenue growth narratives to investors. Quarterly reports highlighted increases of 20%, 19%, 12%, and subsequent single-digit growth, the lawsuit contends, while the underlying figures were allegedly built on a foundation of unreconciled accounts and misclassified entries.The Red Flags That EmergedThe complaint chronicles a pattern of alleged concealment spanning ten categories of financial statement errors:An unreconciled cash balance originating in 2023 or earlier that allegedly inflated both reported cash positions and revenue figures for nearly three fiscal yearsLease recording errors that allegedly distorted over $1.3 billion in right-of-use assets on the consolidated balance sheetSupply and other expenses allegedly misclassified as company-operated store expenses, obscuring the true cost structure across fiscal years 2023 and 2024Income tax provision errors, fixed asset errors, and cloud computing errors that allegedly pervaded multiple reporting periodsImproperly recognized revenue in the ATI business, primarily in fiscal year 2025, as alleged in the February 25, 2026, 8-K filingInside Knowledge vs. Public StatementsAs late as November 5, 2025, the Company's Q3 2025 10-Q contained a certification that disclosure controls and procedures were "designed effectively and will provide a reasonable level of assurance," the action claims. Less than four months later, the Company admitted those same controls were "not effective as of December 27, 2025" and that material weaknesses existed in internal control over financial reporting.The lawsuit maintains that PricewaterhouseCoopers LLP separately concluded that the Company's "financial statements and internal control over financial reporting should not be relied upon.""The timeline raises important questions about when certain risks were known internally versus when they were disclosed to the investing public. An unreconciled cash balance does not appear overnight, and investors deserve to understand why it took years to surface." -- Joseph E. Levi, Esq.Act now to protect your rights or call Joseph E. Levi, Esq. at (212) 363-7500.ABOUT THE FIRM -- Levi & Korsinsky represents investors in securities class actions nationwide, with a track record of recovering hundreds of millions for shareholders harmed by alleged corporate concealment. Ranked among ISS Top 50 for seven consecutive years. Lead plaintiff applications must be submitted by May 8, 2026.CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.33 Whitehall Street, 27th FloorNew York, NY 10004jlevi @Icons1



View original content:https://www.prnewswire.com/news-releases/drvn-lawsuit-alleges-allegedly-concealing-pervasive-accounting-errors---driven-brands-holdings-inc-investors-face-losses-following-allegedly-concealing-pervasive-accounting-errors-suewallst-302711893.htmlSOURCE SueWallSt.com

Original: DRVN Lawsuit Alleges Allegedly Concealing Pervasive Accounting Errors - Driven Brands Holdings Inc. Investors Face Losses Following Allegedly Concealing Pervasive Accounting Errors: SueWallSt

Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – DRVNMarch 12, 2026 7:30 AM
Business Wire
The DJS Law Group reminds investors of a class action lawsuit against Driven Brands Holdings Inc. (“Driven Brands” or “the Company”) (NASDAQ: DRVN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.


Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.


CLASS PERIOD: May 9, 2023 to February 24, 2026


DEADLINE: May 8, 2026


CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Driven Brands made numerous errors in its accounting including its consolidated balance sheet as of December 28, 2024, and September 27, 2025. Some of the Company’s errors resulted in the overstatement of revenue and cash and the understatement of supply and other expenses. Based on these facts, Driven Brands’ public statements were false and materially misleading throughout the class period.


If you are a shareholder who suffered a loss, contact us to participate.


WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.


Join the case to recover your losses.


This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312755950/en/
David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: David@djslawllp.com


Original: Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – DRVN

Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVNMarch 12, 2026 4:29 AM
PR Newswire (US)

LOS ANGELES, March 12, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Driven Brands Holdings Inc. ("Driven Brands" or "the Company") (NASDAQ: DRVN) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 9, 2023 to February 24, 2026DEADLINE: May 8, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Driven Brands made numerous errors in its accounting including its consolidated balance sheet as of December 28, 2024, and September 27, 2025. Some of the Company's errors resulted in the overstatement of revenue and cash and the understatement of supply and other expenses. Based on these facts, Driven Brands' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/driven-brands-holdings-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--drvn-302711872.htmlSOURCE DJS Law Group LLP

Original: Driven Brands Holdings Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - DRVN

DRVN Investor Alert: Driven Brands Sued for Fraud after Financial Restatements Lead to 39% Stock DropMarch 10, 2026 6:47 AM
PR Newswire (US)

Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.NEW YORK, March 10, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ: DRVN) and certain of the Company's senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.







If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.Key Details of the Driven Brands ($DRVN) Class Action:Lead Plaintiff Deadline: May 8, 2026Alleged Misconduct: Securities fraud relating to Driven Brands' financial restatements due to material accounting errors from 2023 to 2025Stock Decline: February 25, 2026 – 39.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.Why is Driven Brands Being Sued for Securities Fraud?Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.Why Did Driven Brands' Stock Drop?On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.On this news, Driven Brands' stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.What Can You Do?If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit. Why Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/driven-brands-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.



View original content to download multimedia:https://www.prnewswire.com/news-releases/drvn-investor-alert-driven-brands-sued-for-fraud-after-financial-restatements-lead-to-39-stock-drop-302708846.htmlSOURCE Bleichmar Fonti & Auld LLP

Original: DRVN Investor Alert: Driven Brands Sued for Fraud after Financial Restatements Lead to 39% Stock Drop

$DRVN Lawsuit Alert: Driven Brands Financial Restatement Triggers Securities Fraud Lawsuit after 39% Stock Drop – Contact BFA Law before May 8 DeadlineMarch 9, 2026 4:04 PM
Business Wire
Driven Brands faces securities fraud allegations for issuing materially false financial statements and failing to maintain effective internal controls, triggering a nearly 40% stock drop; investor deadline May 8, 2026.


Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ:DRVN) and certain of the Company’s senior executives for securities fraud after the Company disclosed widespread accounting errors and internal control failures, causing its stock to drop nearly 40%.


If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.


Key Details of the Driven Brands ($DRVN) Class Action:



Lead Plaintiff Deadline: May 8, 2026



Alleged Misconduct: Securities fraud relating to Driven Brands’ financial restatements due to material accounting errors from 2023 to 2025



Stock Decline: February 25, 2026 – 39.8% Stock Drop



Court: U.S. District Court for the Southern District of New York



Action: Contact BFA Law to discuss your rights



Investors have until May 8, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Driven Brands common stock. The case is pending in the U.S. District Court for the Southern District of New York, and is captioned Clark v. Driven Brands Holdings Inc., et al., 1:26-cv-01902.


Why is Driven Brands Being Sued for Securities Fraud?


Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands. Throughout the relevant period, Driven Brands assured investors that its financial reporting was accurate and that its internal controls were effective.


As alleged, these statements were materially false and misleading because Driven Brands suffered from pervasive accounting errors, including lease accounting issues, unreconciled cash balances, improperly classified expenses, and improperly recognized revenue, spanning fiscal years 2023 through 2025.


Why Did Driven Brands’ Stock Drop?


On February 25, 2026, Driven Brands disclosed that it would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. The Company also revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K.


On this news, Driven Brands’ stock dropped from $16.61 per share on February 24, 2026, to open at $9.99 per share on February 25, 2026, a decline of nearly 40%.


What Can You Do?


If you invested in Driven Brands, you may have legal options. All representation is on a contingency fee basis, with no cost or obligation to you.


Submit your information by visiting https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit or contact:


Adam McCall

adam@bfalaw.com

212.789.3619


Why Bleichmar Fonti & Auld LLP?


BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.


For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit


Attorney advertising. Past results do not guarantee future outcomes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260309086345/en/
Adam McCall

adam@bfalaw.com

212.789.3619


Original: $DRVN Lawsuit Alert: Driven Brands Financial Restatement Triggers Securities Fraud Lawsuit after 39% Stock Drop – Contact BFA Law before May 8 Deadline

DRVN Investigation Alert: BFA Law Investigates Driven Brands after Financial Restatements Lead to Over 30% Stock DropMarch 5, 2026 12:35 PM
Business Wire
BFA Law is investigating Driven Brands Holdings Inc. after its stock plummeted over 30% due to the need to restate its 2023-2025 financial statements, potentially violating federal securities laws.


Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Driven Brands Holdings Inc. (NASDAQ:DRVN) for potential violations of the federal securities laws.


If you invested in Driven Brands, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.


Key Details of the Driven Brands ($DRVN) Class Action Investigation:



Investigation Overview: Securities fraud relating to Driven Brands’ financial restatements due to material accounting errors from 2023 to 2025



Stock Decline: February 25, 2026 - 30% Stock Drop



Action: Contact BFA Law to discuss your rights



Why is Driven Brands Being Investigated for Securities Fraud?


Driven Brands is an automotive aftermarket services company that owns, operates, and franchises vehicle maintenance, repair, collision, glass, and car wash brands.


BFA is investigating whether Driven Brands misrepresented its financial reporting and financial results from 2023 to 2025, as well as the effectiveness of its internal controls over financial reporting.


Why did Driven Brands’ Stock Drop?


On February 25, 2026, Driven Brands announced that it would delay the release of its fiscal year 2025 financial results, and will restate its financial statement for 2023, all quarterly and full-year financial statements for 2024, and the financial statements for the first three quarters of 2025 due to material accounting errors, such as lease accounting errors, unreconciled cash account differences, expense misclassifications, and inappropriately recognized revenue, among others. Driven Brands also revealed that it has identified material weaknesses in its internal controls over its financial reporting.


On this news, the price of Driven Brands stock dropped over 30% on February 25, 2026.


Click here for more information: https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit.


What Can You Do?


If you invested in Driven Brands, you may have legal options and are encouraged to submit your information to the firm.


All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.


Submit your information by visiting:


https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit


Or contact:

Adam McCall

adam@bfalaw.com

212.789.3619


Why Bleichmar Fonti & Auld LLP?


BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.


For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases/driven-brands-class-action-lawsuit


Attorney advertising. Past results do not guarantee future outcomes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305768810/en/
Adam McCall

adam@bfalaw.com

212.789.3619


Original: DRVN Investigation Alert: BFA Law Investigates Driven Brands after Financial Restatements Lead to Over 30% Stock Drop

Abra, CARSTAR, and Fix Auto USA Expand Certified Repair Options for EV and Luxury DriversFebruary 18, 2026 5:55 PM
PR Newswire (US)

CHARLOTTE, N.C., Feb. 18, 2026 /PRNewswire/ -- If you drive an electric or luxury vehicle, finding the right collision repair shop matters more than ever. The Driven Brands Collision Group, the parent company of leading collision repair brands including Abra, CARSTAR, and Fix Auto USA, is expanding its certified repair capabilities nationwide to ensure drivers of today's most advanced vehicles have access to safe, manufacturer approved repairs close to home.







As vehicle technology evolves, so do repair standards. With more than 300 OEM certifications already in place, and more on the way, Driven Brands Collision Group is investing in the training, tools, and equipment required to properly repair electric and luxury vehicles.From advanced driver assistance systems to lightweight aluminum frames, luxury vehicles require specialized repair expertise. Across its U.S. network, Driven Brands Collision Group holds 37 luxury OEM certifications, supporting safe and precise repairs for brands such as:AudiBMWJaguarLand RoverLexusMercedes-BenzVolvoLuxury certification distribution by brand:Abra: BMW, Mercedes-BenzCARSTAR: Audi, BMW, Jaguar Land Rover, Lexus, Mercedes-Benz, VolvoFix Auto USA: Audi, BMW, Jaguar Land Rover, Lexus, Mercedes-Benz, VolvoFor drivers, that means repairs completed according to manufacturer standards, helping protect vehicle performance, safety systems, and long-term value.Electric vehicles require specialized handling, including high-voltage system safety, battery diagnostics, and structural repair considerations. Driven Brands Collision Group currently holds 288 EV certifications across its network, ensuring broad coverage for both individual drivers and fleet customers.Certified EV programs include:GM BEVHonda/Acura EVTeslaMercedes-Benz EQNissan EV ReadyPolestarRivian (Fleet and Passenger)VinFastLucidFordGM FleetEV certification distribution by brand:Abra: 22 EV certifications, representing approximately 40% of its networkCARSTAR: 141 EV certifications, representing approximately 31% of its networkFix Auto USA: 125 EV certifications, covering nearly half of its networkAs EV ownership continues to grow, this expanding footprint helps ensure drivers can find certified repair support in more communities nationwide."Vehicle technology is evolving rapidly, and our responsibility is to stay ahead of that curve," said Damien Reyna, Chief Operating Officer, Driven Brands Collision Group. "These EV and luxury certifications reflect our ongoing commitment to manufacturer-aligned repairs, advanced technician training, and ensuring our locations are fully prepared to safely service the vehicles our customers are driving today and the ones they'll be driving tomorrow."With additional luxury and EV certifications underway, Driven Brands Collision Group continues investing in its people, facilities, and OEM partnerships to support advanced collision repair at scale.Drivers seeking manufacturer-approved repairs for electric or luxury vehicles can learn more or find a nearby location at AbraAuto.com, CARSTAR.com, or FixAutoUSA.com.About CARSTAR
CARSTAR is North America's largest franchise network of independently owned and operated collision repair facilities with more than 700 locations across the United States and Canada. CARSTAR delivers national scale, premier vehicle repairs, repeatable outcomes, and the industry's highest customer satisfaction ratings. CARSTAR has maintained its commitment to give back to the communities it serves through a variety of fundraising initiatives, including raising over $6 million for cystic fibrosis research, care, and advocacy across North America. CARSTAR is a member of Driven Brands, the largest automotive services company in North America. CARSTAR is actively seeking new franchise partners and interested parties should contact 844-906-9764 or visit CARSTARfranchise.com.About Fix Auto USA
Fix Auto USA provides a platform that enables independent owner-operated collision repair facilities to achieve success in a consolidating marketplace. Fix Auto USA franchisees benefit from a trusted brand, multi-level insurance representation, leading-edge technology, centrally managed claims processes, and scaled purchasing power. Fix Auto USA is a member of Driven Brands, the largest automotive services company in North America. Fix Auto USA is ranked in the Franchise Times magazine's Top 200. Visit FixAutoUSA.com to learn more.About Abra
Abra Auto Body Repair of America was founded in 1984 in Fridley, MN, and has since grown to over 55 facilities throughout the United States. Abra specializes in collision repair, paintless dent removal, as well as auto glass repair and replacement, all backed by a lifetime national warranty. Abra is a member of Driven Brands, the largest automotive services company in North America. Visit abraauto.com to learn more.About Driven Brands
Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America's leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, and CARSTAR®. Driven Brands has more than 4,500 locations across 15 countries, and services over 50 million vehicles annually. Driven Brands' network generates more than $1.7 billion in annual revenue from more than $5.0 billion in system-wide sales.



View original content to download multimedia:https://www.prnewswire.com/news-releases/abra-carstar-and-fix-auto-usa-expand-certified-repair-options-for-ev-and-luxury-drivers-302692080.htmlSOURCE Driven Brands

Original: Abra, CARSTAR, and Fix Auto USA Expand Certified Repair Options for EV and Luxury Drivers

Driven Brands Holdings Inc. to Host Fourth Quarter and Year-End Earnings Call on February 25, 2026February 12, 2026 7:15 AM
Business Wire
Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) will release its financial results for the fourth quarter and year ended December 27, 2025, before the market opens on February 25, 2026. Following the release, management will host a conference call at 8:30 a.m. ET to review the Company’s financial and operating performance.


The call will be available by webcast and can be accessed by visiting the Company’s Investor Relations website at investors.drivenbrands.com. A replay of the call will be available for at least three months.


About Driven Brands


Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including oil change, paint, collision, glass, vehicle repair, and maintenance. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. Driven Brands has approximately 4,200 locations across North America, and services tens of millions of vehicles annually. Driven Brands’ network generates approximately $1.8 billion in annual revenue from approximately $6.1 billion in system-wide sales.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260210013689/en/
Shareholder/Analyst inquiries:

Steve Alexander

stephen.alexander@drivenbrands.com

(972) 467-6180


Media inquiries:

Taylor Blanchard

taylor.blanchard@drivenbrands.com

(704) 644-8129


Original: Driven Brands Holdings Inc. to Host Fourth Quarter and Year-End Earnings Call on February 25, 2026

Driven Brands Announces New Segment ReportingFebruary 9, 2026 4:15 PM
Business Wire
Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today provided additional information regarding its segment reporting, which is effective for the fourth quarter of fiscal 2025.


“With the recently completed divestiture of the international car wash business, our updated segment structure reflects how we now view our operations and manage the company,” said Mike Diamond, Executive Vice President and Chief Financial Officer. “Our new segment reporting underscores our growth and cash strategy: growth from Take 5, stable cash flow from our franchise brands, and increased visibility on our developing Auto Glass Now business.”


The Company has recast previously reported quarterly segment financial information for the first three quarters of fiscal year 2025 to reflect the new reportable segments. The recast financial information is attached and is accessible through the SEC Filings section of the Company’s Investor Relations website at investors.drivenbrands.com.


About Driven Brands


Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including oil change, paint, collision, glass, vehicle repair, and maintenance. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. Driven Brands has approximately 4,200 locations across North America, and services tens of millions of vehicles annually. Driven Brands’ network generates approximately $1.8 billion in annual revenue from approximately $6.1 billion in system-wide sales.


Driven Brands Holdings Inc.

Unaudited and Pro Forma Estimated Recast of 2025 Unaudited Quarterly Financial Information

Segment System-wide Sales, Revenue, Adjusted EBITDA, Same-Store Sales, and Store Count

(Unaudited, Proforma and Estimated, in millions of USD)


Selected financial data by segment (unaudited)

Fiscal quarters of 2025 ended March 29, June 28, and September 27, 2025


On January 27, 2026, Driven Brands Holdings Inc. (the “Company”) announced the completion of the sale of its International Car Wash (“ICW”) business. This resulted in corresponding changes to the Company’s financial reportable segments.


Beginning in the fourth quarter of 2025, the Company plans to report the results of ICW as discontinued operations.


Prior to this change, the Company had three reportable segments: Take 5; Franchise Brands; and Car Wash. Our new reporting structure aligns with how the Company is now managing the business as a result of the ICW divestiture.


Following these changes, starting in the fourth quarter of 2025, the Company’s three operating and reportable segments are:




(1)






Take 5 - consisting of the Take 5 Oil Change business, including our supply distribution channel through Spire Supply.








(2)






Franchise Brands - consisting of our portfolio of franchised brands, which include CARSTAR, Meineke, Maaco, Uniban and 1-800 Radiator, among other smaller brands. These brands are over 99% franchised.








(3)






Auto Glass Now – consisting of our U.S. Retail, Commercial and Insurance glass businesses.







Recast Quarterly 2025 Financial Information


Segment System-wide Sales, Net Revenue, Adjusted EBITDA, Same-Store Sales Growth, and Store Count


(Unaudited, in millions of USD)


Selected financial data by segment (unaudited)


For the three months ended March 29, 2025 and June 28, 2025, and for the three and nine months ended September 27, 2025




System-wide Sales






Q1 FY25






Q2 FY25






Q3 FY25






Q3 YTD FY25








Take 5






 






 






 






 








Take 5 Oil Change – Franchised stores






$136.7






$149.1






$155.9






$441.7








Take 5 Oil Change – Company-operated stores






250.8






257.4






255.7






763.9








Total Take 5






$387.5






$406.5






$411.6






$1,205.6










Franchise Brands








Franchise Brands – Franchised stores






$1,029.4






$1,070.6






$1,086.9






$3,186.9








Franchise Brands – Company-operated stores






4.0






4.7






4.7






13.4








Total Franchise Brands






$1,033.4






$1,075.3






$1,091.6






$3,200.3











 



Auto Glass Now – Company-operated stores






$59.3






$71.2






$70.8






$201.3











 



Driven Brands












Franchised stores






$1,166.1






$1,219.7






$1,242.8






$3,628.6








Company-operated stores






314.1






333.3






331.2






978.6








Total System-wide Sales






$1,480.2






$1,553.0






$1,574.0






$4,607.2









 






 






 






 








Net Revenue






Q1 FY25






Q2 FY25






Q3 FY25






Q3 YTD FY25









 






 






 






 








Franchise royalties and fees






$44.8






$49.1






$50.8






$144.7








Company-operated store sales






314.1






333.3






331.2






978.6








Advertising contributions






25.3






27.0






27.9






80.2








Supply and other revenue






63.9






68.1






71.7






203.7








Total Net Revenue






$448.1






$477.5






$481.6






$1,407.2









 






 






 






 








Franchise royalties and fees






$8.4






$9.5






$10.0






$27.9








Company-operated store sales






250.8






257.4






255.7






763.9








Supply and other revenue






34.3






37.2






40.6






112.1








Take 5






$293.5






$304.1






$306.3






$903.9









 






 






 






 








Franchise royalties and fees






$36.4






$39.6






$40.8






$116.8








Company-operated store sales






4.0






4.7






4.7






13.4








Supply and other revenue






31.3






30.3






29.8






91.4








Franchise Brands






$71.7






$74.6






$75.3






$221.6









 






 






 






 








Company-operated store sales






$59.3






$71.2






$70.8






$201.3








Auto Glass Now






$59.3






$71.2






$70.8






$201.3









 






 






 






 








Advertising contributions






$25.3






$27.0






$27.9






$80.2








Supply and other revenue






(1.7)






0.6






1.3






0.2








Corporate and Other






$23.6






$27.6






$29.2






$80.4









 






 






 






 








Adjusted EBITDA






Q1 FY25






Q2 FY25






Q3 FY25






Q3 YTD FY25









 






 






 






 








Take 5






$100.9






$108.2






$107.3






$316.4








Franchise Brands






44.4






45.4






49.7






139.5








Auto Glass Now






4.0






9.6






7.8






21.4








Corporate and Other






(46.5)






(45.1)






(40.5)






(132.1)








Total Adjusted EBITDA






$102.8






$118.1






$124.3






$345.2









 






 






 






 








Adjusted EBITDA Reconciliation






 






 






 






 








Income (loss) before taxes continuing operations






$15.5






$12.1






$44.5






$72.1








Depreciation and amortization






19.9






18.7






21.9






60.5








Interest expense, net






36.4






31.2






23.5






91.1








Acquisition related costs(a)






-






1.0






(0.2)






0.8








Non-core items and project costs, net(b)






5.2






7.2






14.9






27.3








Cloud computing amortization(c)






1.9






7.3






6.0






15.2








Share-based compensation expense(d)






11.7






11.2






5.1






28.0








Foreign currency transaction loss (gain), net(e)






0.2






(12.2)






(5.4)






(17.4)








Asset sale leaseback loss, net, impairment, and closed store expenses(f)






12.0






41.6






9.4






63.0








Loss on debt extinguishment(g)






-






-






4.6






4.6








Adjusted EBITDA






$102.8






$118.1






$124.3






$345.2







Segment System-wide Sales, Net Revenue, Adjusted EBITDA, Same-Store Sales Growth, and Store Count


(Unaudited, in millions of USD)


Selected financial data by segment (unaudited)


For the three months ended March 29, 2025 and June 28, 2025, and for the three and nine months ended September 27, 2025




 











 



Same-Store Sales Growth






Q1 FY25






Q2 FY25






Q3 FY25






Q3 YTD FY25








Take 5






8.0%






6.6%






6.8%






7.1%








Franchise Brands






(2.9%)






(1.5%)






0.7%






(1.2%)








Auto Glass Now






0.7%






11.3%






14.5%






9.0%











 



Driven Brands






(0.2%)






1.0%






2.7%






1.2%








Store Count






Q1 FY25






Q2 FY25






Q3 FY25






Q3 YTD FY25











 



Take 5 Oil Change – Franchised stores






468






485






502






502








Take 5 Oil Change – Company-operated stores






735






759






780






780








Total Take 5






1,203






1,244






1,282






1,282











 



Franchise Brands – Franchised stores






2,647






2,660






2,663






2,663








Franchise Brands – Company-operated stores






13






13






13






13








Total Franchise Brands






2,660






2,673






2,676






2,676











 






 



Auto Glass Now – Company-operated stores






216






214






213






213











 



Driven Brands












Franchised stores






3,115






3,145






3,165






3,165








Company-operated stores






964






986






1,006






1,006








Total Store Count






4,079






4,131






4,171






4,171









(a) Consists of acquisition costs as reflected within the consolidated statements of operations, including legal, consulting and other fees, and expenses incurred in connection with acquisitions completed during the applicable period, as well as inventory rationalization expenses incurred in connection with acquisitions. As acquisitions occur in the future, we expect to incur similar costs and, under U.S. GAAP, such costs relating to acquisitions are expensed as incurred and not capitalized.








(b) Consists of discrete items and project costs, including third-party professional costs associated with strategic transformation initiatives as well as nonrecurring payroll-related costs and non-ordinary course legal settlements.








(c) Includes non-cash amortization expenses relating to cloud computing arrangements.








(d) Represents non-cash share-based compensation expense.








(e) Represents foreign currency transaction (gains) losses, net that primarily related to the remeasurement of our intercompany loans as well as gains and losses on cross currency swaps.








(f) Consists of the following items (i) (gains) losses, net on sale leasebacks, disposal of assets, or sale of business; (ii) net losses (gains) on sale for assets held for sale; (iii) impairment of certain fixed assets and operating lease right-of-use assets related to closed and underperforming locations, lease exit costs and other costs associated with stores that were closed prior to the respective lease termination dates; and (iv) loss on fair value of the Seller Note.








(g) Consists of the accelerated amortization of an interest rate hedge associated with the Series 2022-1 Senior Securitization Notes, which was refinanced in October 2025.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209088583/en/
Shareholder/Analyst inquiries:

Steve Alexander

stephen.alexander@drivenbrands.com

(972) 467-6180


Media inquiries:

Taylor Blanchard

taylor.blanchard@drivenbrands.com

(704) 644-8129


Original: Driven Brands Announces New Segment Reporting

Driven Brands Announces Closing of Sale of International Car Wash BusinessJanuary 27, 2026 9:15 PM
Business Wire
Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced the completion of the sale of IMO, its international car wash business, to Franchise Equity Partners.


“The completion of this transaction is a strategic milestone for Driven Brands, sharpening our focus on what we do best — scaling our industry-leading Take 5 business and driving consistent cash generation from our franchise brands,” said Danny Rivera, President and Chief Executive Officer. “I want to thank everyone involved for their hard work in closing the transaction. This divestiture simplifies our portfolio, strengthens our balance sheet, and further positions Driven Brands to generate value for shareholders.”


Under the terms of the agreement, Franchise Equity Partners paid Driven Brands total aggregate consideration of approximately € 411 million.


Cash proceeds from the transaction will primarily be used to pay down debt.


The Company plans to report the results of the Car Wash segment as discontinued operations beginning in the fourth quarter of 2025. Auto Glass Now, currently reported in the Corporate & Other segment, will be reported as a stand-alone segment beginning in the fourth quarter of 2025.


In addition, the Company expects to furnish a Form 8-K with the Securities and Exchange Commission in mid-February to provide unaudited historical recast quarterly financial operating results for the first three quarters of fiscal 2025, reflecting the Company’s updated segment reporting structure resulting from the completed disposition of its international car wash business.


Advisors


Rothschild & Co. served as financial advisor to Driven Brands.


About Driven Brands


Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive services, including paint, collision, glass, vehicle repair, oil change and maintenance. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. Driven Brands has approximately 4,200 locations across North America, and services tens of millions of vehicles annually. Driven Brands’ network generates approximately $1.8 billion in annual revenue from approximately $6.1 billion in system-wide sales.


Disclosure Regarding Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this press release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management, and expected market growth are forward-looking statements. In particular, forward-looking statements include, among other things, statements relating to: (i) potential post-closing obligations and liabilities; (ii) our strategy, outlook and growth prospects; (iii) our operational and financial targets; (iv) general economic trends and trends in the industry and markets; and (v) the competitive environment in which we operate. Forward-looking statements are not based on historical facts but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions, and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 28, 2024 and in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260127033390/en/
Shareholder/Analyst inquiries:

Steve Alexander

stephen.alexander@drivenbrands.com

(972) 467-6180


Media inquiries:

Taylor Blanchard

taylor.blanchard@drivenbrands.com

(704) 644-8129


Original: Driven Brands Announces Closing of Sale of International Car Wash Business

Drivin Brands $DRVN shareholder class action survives motion to dismiss - See https://stockhouse.com/news/press-releases/2025/03/11/driven-brands-holdings-inc-drvn-securities-fraud-class-action-survives-motion-to

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Driven Brands Holdings Inc
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