Earnings Releases·Nov 3, 2026, 8:08 AM ET

Driven Brands — Third Quarter 2026 Earnings Summary

Driven Brands revised full-year 2026 Adjusted EBITDA guidance down to $410–$430 million (from $430–$460 million) and Adjusted Diluted EPS to $1.10–$1.20 (from $1.15–$1.25), while lowering Same Store Sales outlook to 1.0–1.5% (from flat to 2%); Take 5 posted 4.9% same-store sales growth and 27 net new units in Q3.
The company identified material errors in fixed asset reporting for fiscal years 2023–2025, triggering a restatement of previously issued financial statements, delaying the Q3 10-Q filing, and temporarily suspending share repurchases until reporting obligations are met.
Restatement-related costs are now projected at a minimum of $50 million for 2026 (up from a prior high of $45 million), with additional costs expected in 2027, alongside a revised full-year Net Unit Growth outlook of 80–100 units.
Macroeconomic headwinds and pressure on lower-income consumers are impacting performance across the Maaco and Collision segments, while Franchise Brand unit openings remain constrained due to delays in issuing Franchise Disclosure Documents pending WBS audits.