Driven Brands Holdings Inc. reports second quarter 2025 results
- 18th consecutive quarter of same store sales growth
- Take 5 segment delivers revenue growth of 15% and same store sales growth of 7%
- Pro forma net leverage ratio of 3.9x Adj. EBITDA post sale of U.S. car wash seller note
- Reaffirms fiscal year 2025 outlook
Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the second quarter ending June 28, 2025.
For the second quarter, Driven Brands delivered revenue of $551.0 million, an increase of 6.2% versus the prior year. System-wide sales increased 3.1% to $1.6 billion, driven by a 1.7% increase in same store sales and 3.9% increase in store count versus the prior year.
Net income from continuing operations was $11.8 million or $0.07 per diluted share versus net income from continuing operations of $37.2 million or $0.22 per diluted share in the prior year. Adjusted Net Income1 was $59.1 million or $0.36 per diluted share versus $60.4 million or $0.37 per diluted share in the prior year. Adjusted EBITDA1 was $143.2 million, a decrease of $0.2 million versus the prior year.
“In the second quarter, we delivered another strong performance, with consistent results across same store sales, revenue, adjusted EBITDA, and adjusted earnings per share. We continued our disciplined debt reduction strategy and achieved pro forma net leverage of 3.9x following the sale of the U.S. car wash seller note in July. These results demonstrate the power of our diversified platform and our growth and cash playbook. Take 5 Oil Change remains at the forefront through industry-leading growth, achieving its 20th consecutive quarter of same store sales growth. I'm proud of how our team and franchise partners continue to execute with focus and discipline in this dynamic macro environment,” said Danny Rivera, President and Chief Executive Officer.
“Looking ahead, I am confident in our ability to continue to deliver sustainable growth, as we have the right people, the right model, and the right momentum to win. With Take 5 Oil Change's proven operating model, our franchise brands' consistent cash generation, and our team's focused execution, we're well-positioned to execute on our key priorities of driving continued growth, generating robust free cash flow, and reducing leverage to generate long-term value for our shareholders,” Rivera continued.
View the entire release on the Driven Brands Investor Relations site.