{"id":7934,"date":"2026-05-19T16:15:00","date_gmt":"2026-05-19T14:15:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=222d4623322f8329948d1214275538f3"},"modified":"2026-05-19T16:15:00","modified_gmt":"2026-05-19T14:15:00","slug":"driven-brands-holdings-inc-reports-fourth-quarter-and-fiscal-year-2025-results","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=7934","title":{"rendered":"Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2025 Results"},"content":{"rendered":"

\n--Company restates previously issued financial statements--<\/b><\/p>

\n--Fiscal 2025 revenue increases 6.3% to $1.9 billion--<\/b><\/p>

\n--Take 5 fourth quarter 2025 same store sales increase 3.7%; 22nd consecutive quarter of growth--<\/b><\/p>

\n--Pro forma net leverage ratio improves to 3.3x Adjusted EBITDA with IMO divestiture in January--<\/b><\/p>

\n--Provides fiscal 2026 outlook and reiterates first quarter 2026 preliminary results--<\/b><\/p>

CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) (\u201cDriven Brands\u201d or the \u201cCompany\u201d) 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\u2019s 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.<\/p><\/a><\/a>

\n\u201cDriven Brands delivered a solid fourth quarter and full year, anchored by Take 5\u2019s 3.7% same store sales growth, our 22nd consecutive quarter of growth,\u201d said Danny Rivera, President and Chief Executive Officer. \u201cIn 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.\u201d<\/p>

\n\u201cLooking 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,\u201d Rivera concluded.<\/p>\n\n

\nNote: 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.<\/i><\/p><\/td><\/tr>\n<\/table>

\nFourth Quarter 2025 Highlights<\/span><\/b><\/p>

\nFor 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.<\/p>

\nNet 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<\/sup> 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<\/sup> was $111.9 million, an increase of 7% versus the prior year.<\/p>

\nFiscal Year 2025 Highlights<\/span><\/b><\/p>

\nFor 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.<\/p>

\nNet 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<\/sup> 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<\/sup> was $449.1 million, an increase of $6.0 million versus the prior year.<\/p>

\nFourth Quarter 2025 Key Performance Indicators by Segment<\/b><\/p>\n\n\n\n\n\n\n

\n\u00a0<\/p><\/td>

\nSystem-wide Sales\n(in millions)<\/b><\/p><\/td>

\nStore Count<\/b><\/p><\/td>

\nSame Store\nSales<\/b><\/p><\/td>

\nRevenue\n(in millions)<\/b><\/p><\/td>

\nAdjusted EBITDA\n<\/b>(in millions)<\/b><\/p><\/td><\/tr>\n

\nTake 5<\/p><\/td>

\n$<\/p><\/td>

\n411.4<\/p><\/td>

\u00a0<\/td>\n

\n1,342<\/p><\/td>

\u00a0<\/td>\n

\n3.7<\/p><\/td>

\n%<\/p><\/td>

\n$<\/p><\/td>

\n308.5<\/p><\/td>

\u00a0<\/td>\n

\n$<\/p><\/td>

\n107.3<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nFranchise Brands<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,017.8<\/p><\/td>

\u00a0<\/td>\n

\n2,699<\/p><\/td>

\u00a0<\/td>\n

\n(1.0<\/p><\/td>

\n)%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n67.9<\/p><\/td>

\u00a0<\/td>\n

\n\u00a0<\/p><\/td>

\n42.4<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAuto Glass Now<\/p><\/td>

\n\u00a0<\/p><\/td>

\n56.3<\/p><\/td>

\u00a0<\/td>\n

\n211<\/p><\/td>

\u00a0<\/td>\n

\n6.3<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n56.4<\/p><\/td>

\u00a0<\/td>\n

\n\u00a0<\/p><\/td>

\n3.2<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCorporate and Other<\/p><\/td>

\n\u00a0<\/p><\/td>

\nN\/A<\/p><\/td>

\u00a0<\/td>\n

\nN\/A<\/p><\/td>

\u00a0<\/td>\n

\nN\/A<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n27.3<\/p><\/td>

\u00a0<\/td>\n

\n\u00a0<\/p><\/td>

\n(41.0<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nTotal<\/b><\/p><\/td>

\n$<\/b><\/p><\/td>

\n1,485.5<\/b><\/p><\/td>

\u00a0<\/td>\n

\n4,252<\/b><\/p><\/td>

\u00a0<\/td>\n

\n0.5<\/b><\/p><\/td>

\n%<\/b><\/p><\/td>

\n$<\/b><\/p><\/td>

\n460.1<\/b><\/p><\/td>

\u00a0<\/td>\n

\n\u00a0<\/p><\/td>

\n111.9<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>

\nFiscal Year 2025 Key Performance Indicators by Segment<\/b><\/p>\n\n\n\n\n\n\n

\n\u00a0<\/p><\/td>

\nSystem-wide Sales\n(in millions)<\/b><\/p><\/td>

\nStore Count<\/b><\/p><\/td>

\nSame Store\nSales<\/b><\/p><\/td>

\nRevenue\n(in millions)<\/b><\/p><\/td>

\nAdjusted EBITDA\n<\/b>(in millions)<\/b><\/p><\/td><\/tr>\n

\nTake 5<\/p><\/td>

\n$<\/p><\/td>

\n1,617.1<\/p><\/td>

\u00a0<\/td>\n

\n1,342<\/p><\/td>

\u00a0<\/td>\n

\n6.2<\/p><\/td>

\n%<\/p><\/td>

\n$<\/p><\/td>

\n1,215.4<\/p><\/td>

\u00a0<\/td>\n

\n$<\/p><\/td>

\n418.7<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nFranchise Brands<\/p><\/td>

\n\u00a0<\/p><\/td>

\n4,218.0<\/p><\/td>

\u00a0<\/td>\n

\n2,699<\/p><\/td>

\u00a0<\/td>\n

\n(1.1<\/p><\/td>

\n)%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n285.0<\/p><\/td>

\u00a0<\/td>\n

\n\u00a0<\/p><\/td>

\n178.8<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAuto Glass Now<\/p><\/td>

\n\u00a0<\/p><\/td>

\n257.6<\/p><\/td>

\u00a0<\/td>\n

\n211<\/p><\/td>

\u00a0<\/td>\n

\n7.9<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n257.8<\/p><\/td>

\u00a0<\/td>\n

\n\u00a0<\/p><\/td>

\n25.9<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCorporate and Other<\/p><\/td>

\n\u00a0<\/p><\/td>

\nN\/A<\/p><\/td>

\u00a0<\/td>\n

\nN\/A<\/p><\/td>

\u00a0<\/td>\n

\nN\/A<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n104.3<\/p><\/td>

\u00a0<\/td>\n

\n\u00a0<\/p><\/td>

\n(174.3<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nTotal<\/b><\/p><\/td>

\n$<\/b><\/p><\/td>

\n6,092.7<\/b><\/p><\/td>

\u00a0<\/td>\n

\n4,252<\/b><\/p><\/td>

\u00a0<\/td>\n

\n1.0<\/b><\/p><\/td>

\n%<\/b><\/p><\/td>

\n$<\/b><\/p><\/td>

\n1,862.4<\/b><\/p><\/td>

\u00a0<\/td>\n

\n\u00a0<\/p><\/td>

\n449.1<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>

\nNote: Certain columns may not add due to rounding.<\/p>

\nCapital and Liquidity<\/span><\/b><\/p>

\nThe Company ended the year with a net leverage ratio of 3.7x Adjusted EBITDA1 <\/sup>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\u2019s variable funding note borrowing capacity if the Company elects to exercise them, assuming certain conditions continue to be met.<\/p>

\nAs 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\u2019s 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.<\/p>

\nInternational Car Wash Divestiture<\/span><\/b><\/p>

\nAs disclosed previously, on January 27, 2026, Driven Brands completed the divestiture of IMO, its international car wash business, for an aggregate consideration of approximately \u20ac 411 million.<\/p>

\nNet 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<\/sup>.<\/p>

\nResegmentation<\/span><\/b><\/p>

\nAs previously disclosed, the divestiture of the international car wash business resulted in corresponding changes to the Company\u2019s 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.<\/p>

\nThe Take 5 segment consists primarily of our company operated and franchise Take 5 Oil Change stores.<\/p>

\nThe 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.<\/p>

\nThe Auto Glass Now segment consists of our U.S. retail, commercial and insurance glass businesses.<\/p>

\nRestatement<\/span><\/b><\/p>

\nThe 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\u2019s 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\u2019s operations or business performance for the corrected periods.<\/p>

\nThe net impact of the restatement corrections decreased Adjusted EBITDA1<\/sup> by approximately $57 million in fiscal year 2023, decreased Adjusted EBITDA1<\/sup> by approximately $12 million in fiscal year 2024, and decreased Adjusted EBITDA1<\/sup> by approximately $8 million in fiscal year 2025 year-to-date through the third quarter.<\/p>

\nAdditional information regarding the restated financial statements is set forth in the section \u201cDescription of Restatement Matters and Restatement Errors\u201d within this release.<\/p>

\nReiterated First Quarter 2026 Preliminary Results<\/span><\/b><\/p>

\nOn 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.<\/p>

\nThe 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<\/sup> 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.<\/p>

\nThe 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.<\/p>

\nFiscal Year 2026 Outlook<\/span><\/b><\/p>

\nInclusive 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:<\/p>\n\n\n\n\n

\n\u00a0<\/p><\/td>

\n2026 Outlook<\/b><\/p><\/td><\/tr>\n

\nRevenue<\/b><\/p><\/td>

\n~$1.95 - $2.05 billion<\/p><\/td><\/tr>\n

\nAdjusted EBITDA<\/b>1<\/sup><\/p><\/td>

\n~$430 - $460 million<\/p><\/td><\/tr>\n

\nAdjusted Diluted EPS<\/b>1<\/sup><\/p><\/td>

\n~$1.15 - $1.25<\/p><\/td><\/tr>\n<\/table>

\nAdjusted EBITDA1 <\/sup>and Adjusted Diluted EPS1<\/sup> 2026 outlook include approximately $35 million to $45 million of restatement-related, non-recurring costs for fiscal year 2026.<\/p>

\nThe 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.<\/p>

\nThe Company also expects to generate between $125 million and $145 million of free cash flow2<\/sup> in fiscal year 2026.<\/p>

\nNote: 2026 outlook excludes the impact of any potential M&A and divestitures other than the completed divestiture of the international car wash business.<\/p>\n\n\n\n

\n1<\/sup> Adjusted EBITDA, Adjusted Net Income from continuing operations and Adjusted Diluted EPS are non-GAAP financial measures. See \u201cReconciliation of Non-GAAP Financial Measures\u201d 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.<\/p>

\n\u00a0<\/p><\/td><\/tr>\n

\n<\/tr>\n

\n2<\/sup> 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\u2019s 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.<\/p><\/td><\/tr>\n<\/table>

\nConference Call<\/span><\/b><\/p>

\nDriven 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\u2019 Investor Relations website at investors.drivenbrands.com. A replay of the call will be available for at least three months.<\/p>

\nAbout Driven Brands<\/span><\/b><\/p>

\nDriven Brands\u2122<\/sup>, 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\u2019s leading automotive service businesses including Take 5 Oil Change\u00ae<\/sup>, Meineke Car Care Centers\u00ae<\/sup>, Maaco\u00ae<\/sup>, 1-800-Radiator & A\/C\u00ae<\/sup>, Auto Glass Now\u00ae<\/sup>, and CARSTAR\u00ae<\/sup>. 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\u2019 network generated approximately $1.9 billion in annual revenue from approximately $6.1 billion in system-wide sales.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\nDRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES<\/b><\/p>

\nCONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)<\/b><\/p><\/td><\/tr>\n

\n\n\n\u00a0<\/td>\n<\/tr>\n

\n\u00a0<\/p><\/td>

\nThree Months Ended<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nYear Ended<\/b><\/p><\/td><\/tr>\n

\n(in thousands, except per share amounts)<\/i><\/p><\/td>

\nDecember 27,\n2025<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nDecember 28,\n2024<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nDecember 27,\n2025<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nDecember 28,\n2024<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\nAs Restated and Recast<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\nAs Restated and Recast<\/p><\/td><\/tr>\n

\nNet revenue:<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nFranchise royalties and fees<\/p><\/td>

\n$<\/p><\/td>

\n45,371<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n44,085<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n190,085<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n188,634<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCompany-operated store sales<\/p><\/td>

\n\u00a0<\/p><\/td>

\n316,288<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n295,965<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,294,958<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,178,783<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAdvertising contributions<\/p><\/td>

\n\u00a0<\/p><\/td>

\n28,272<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n27,265<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n108,521<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n103,069<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nSupply and other revenue<\/p><\/td>

\n\u00a0<\/p><\/td>

\n70,171<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n59,891<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n268,874<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n281,990<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal net revenue<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n460,102<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n427,206<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,862,438<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,752,476<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOperating expenses:<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCompany-operated store expenses<\/p><\/td>

\n\u00a0<\/p><\/td>

\n187,020<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n173,848<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n758,972<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n676,890<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAdvertising expenses<\/p><\/td>

\n\u00a0<\/p><\/td>

\n28,523<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n26,774<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n108,772<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n103,460<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nSupply and other expenses<\/p><\/td>

\n\u00a0<\/p><\/td>

\n40,207<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n37,357<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n157,302<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n171,788<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nSelling, general, and administrative expenses<\/p><\/td>

\n\u00a0<\/p><\/td>

\n103,625<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n143,483<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n496,297<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n464,992<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDepreciation and amortization<\/p><\/td>

\n\u00a0<\/p><\/td>

\n20,132<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n21,079<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n81,858<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n78,989<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAsset impairment charges and lease terminations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,398<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n8,870<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n28,127<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n56,538<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal operating expenses<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n381,905<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n411,411<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,631,328<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,552,657<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOperating income<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n78,197<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n15,795<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n231,110<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n199,819<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOther expenses, net:<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nInterest expense, net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n28,628<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n35,993<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n121,202<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n156,991<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nForeign currency transaction (gain) loss, net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n86<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n11,441<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(14,715<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n17,530<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nLoss on debt extinguishment<\/p><\/td>

\n\u00a0<\/p><\/td>

\n843<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,392<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n205<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOther expenses, net<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n29,557<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n47,434<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n111,879<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n174,726<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome (loss) before taxes from continuing operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n48,640<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(31,639<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n119,231<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n25,093<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome tax (benefit) expense<\/p><\/td>

\n\u00a0<\/p><\/td>

\n7,923<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(11,378<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(12,842<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n24,547<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nNet income (loss) from continuing operations<\/p><\/td>

\n$<\/p><\/td>

\n40,717<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(20,261<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n132,073<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n546<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n(Loss) gain on sale of discontinued operations, net of tax<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(3,196<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n35,752<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nNet loss from discontinued operations, net of tax<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(16,337<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(286,552<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(27,663<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(297,999<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nNet income (loss)<\/b><\/p><\/td>

\n$<\/p><\/td>

\n21,184<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(306,813<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n140,162<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(297,453<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nBasic earnings (loss) per share:<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nContinuing Operations<\/p><\/td>

\n$<\/p><\/td>

\n0.25<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(0.13<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n0.80<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDiscontinued Operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(0.12<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(1.79<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n0.05<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(1.86<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nNet basic earnings (loss) per share<\/p><\/td>

\n$<\/p><\/td>

\n0.13<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(1.92<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n0.85<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(1.86<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDiluted earnings (loss) per share:<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nContinuing Operations<\/p><\/td>

\n$<\/p><\/td>

\n0.25<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(0.13<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n0.80<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDiscontinued Operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(0.12<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(1.79<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n0.05<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(1.86<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nNet diluted earnings (loss) per share<\/p><\/td>

\n$<\/p><\/td>

\n0.13<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(1.92<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n0.85<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(1.86<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nWeighted average shares outstanding<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nBasic<\/p><\/td>

\n\u00a0<\/p><\/td>

\n164,044<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n160,424<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n162,836<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n160,319<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDiluted<\/p><\/td>

\n\u00a0<\/p><\/td>

\n165,015<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n160,424<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n163,852<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n161,210<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\nDRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES<\/b><\/p>

\nCONSOLIDATED BALANCE SHEETS (UNAUDITED)<\/b><\/p><\/td><\/tr>\n

\n\n\n\u00a0<\/td>\n<\/tr>\n

\n(in thousands, except share and per share amounts)<\/i><\/p><\/td>

\nDecember 27, 2025<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nDecember 28, 2024<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\nAs Restated and\nRecast<\/p><\/td><\/tr>\n

\nAssets<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCurrent assets:<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash and cash equivalents<\/p><\/td>

\n$<\/p><\/td>

\n102,938<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n103,438<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nRestricted cash<\/p><\/td>

\n\u00a0<\/p><\/td>

\n162<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n358<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAccounts and notes receivable, net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n131,958<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n146,372<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nInventory<\/p><\/td>

\n\u00a0<\/p><\/td>

\n52,375<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n48,889<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nPrepaid and other assets<\/p><\/td>

\n\u00a0<\/p><\/td>

\n50,103<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n24,065<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome tax receivable<\/p><\/td>

\n\u00a0<\/p><\/td>

\n49,266<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n26,577<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAdvertising fund assets, restricted<\/p><\/td>

\n\u00a0<\/p><\/td>

\n60,826<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n48,349<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAssets held for sale<\/p><\/td>

\n\u00a0<\/p><\/td>

\n31,233<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n79,090<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCurrent assets of discontinued operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n61,993<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n130,713<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal current assets<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n540,854<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n607,851<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOther assets<\/p><\/td>

\n\u00a0<\/p><\/td>

\n114,657<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n118,948<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nProperty and equipment, net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n471,804<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n409,451<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOperating lease right-of-use assets<\/p><\/td>

\n\u00a0<\/p><\/td>

\n513,458<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n451,793<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDeferred commissions<\/p><\/td>

\n\u00a0<\/p><\/td>

\n7,824<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n7,246<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIntangibles, net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n617,849<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n634,794<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nGoodwill<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,218,002<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,205,530<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDeferred tax assets<\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,982<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n7,204<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nNon-current assets of discontinued operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n671,490<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,808,978<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal assets<\/b><\/p><\/td>

\n$<\/p><\/td>

\n4,159,920<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n5,251,795<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nLiabilities and shareholders' equity<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCurrent liabilities:<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAccounts payable<\/p><\/td>

\n$<\/p><\/td>

\n93,029<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n86,188<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAccrued expenses and other liabilities<\/p><\/td>

\n\u00a0<\/p><\/td>

\n198,759<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n160,283<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome tax payable<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,652<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,590<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCurrent portion of long-term debt<\/p><\/td>

\n\u00a0<\/p><\/td>

\n276,691<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n33,696<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTax receivable agreement payable<\/p><\/td>

\n\u00a0<\/p><\/td>

\n56,211<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n22,676<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAdvertising fund liabilities<\/p><\/td>

\n\u00a0<\/p><\/td>

\n24,670<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n25,996<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCurrent liabilities of discontinued operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n73,795<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n114,353<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal current liabilities<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n725,807<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n448,782<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nLong-term debt<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,882,783<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,658,889<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDeferred tax liabilities<\/p><\/td>

\n\u00a0<\/p><\/td>

\n13,554<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n31,885<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOperating lease liabilities<\/p><\/td>

\n\u00a0<\/p><\/td>

\n501,506<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n439,838<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTax receivable agreement payable<\/p><\/td>

\n\u00a0<\/p><\/td>

\n73,084<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n110,597<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDeferred revenue<\/p><\/td>

\n\u00a0<\/p><\/td>

\n30,365<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n31,893<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nLong-term accrued expenses and other liabilities<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,026<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nNon-current liabilities of discontinued operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n165,619<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n984,115<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal liabilities<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,392,718<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n4,708,025<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nPreferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCommon stock, $0.01 par value, 900,000,000 shares authorized: and 164,531,712 and 163,842,248 shares issued and outstanding; respectively<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,645<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,638<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAdditional paid-in capital<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,736,416<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,707,573<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAccumulated deficit<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(953,208<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(1,093,370<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nAccumulated other comprehensive loss<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(17,651<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(72,071<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nTotal shareholders\u2019 equity<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n767,202<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n543,770<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal liabilities and shareholders' equity<\/b><\/p><\/td>

\n$<\/p><\/td>

\n4,159,920<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n5,251,795<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\nDRIVEN BRANDS HOLDINGS INC. AND SUBSIDIARIES<\/b><\/p>

\nCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/td>\n<\/tr>\n

\n\u00a0<\/p><\/td>

\nYear Ended<\/b><\/p><\/td><\/tr>\n

\n(in thousands)<\/i><\/p><\/td>

\nDecember 27,\n2025<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nDecember 28,\n2024<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\nAs Restated<\/p><\/td><\/tr>\n

\nNet income (loss)<\/b><\/p><\/td>

\n$<\/p><\/td>

\n140,162<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n(297,453<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nAdjustments to reconcile net income to net cash provided by operating activities:<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDepreciation and amortization<\/p><\/td>

\n\u00a0<\/p><\/td>

\n134,432<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n181,409<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nGoodwill impairment<\/p><\/td>

\n\u00a0<\/p><\/td>

\n28,317<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nShare-based compensation expense<\/p><\/td>

\n\u00a0<\/p><\/td>

\n32,276<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n52,096<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n(Gain) loss on foreign denominated transactions<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(23,063<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n25,126<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nLoss (gain) on foreign currency derivatives<\/p><\/td>

\n\u00a0<\/p><\/td>

\n8,347<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(7,605<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\n(Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(28,048<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n26,684<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nLoss on fair value of Seller Note<\/p><\/td>

\n\u00a0<\/p><\/td>

\n17,000<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nReclassification of interest rate hedge to income<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(6,157<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(2,094<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nBad debt expense<\/p><\/td>

\n\u00a0<\/p><\/td>

\n18,722<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n8,963<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAsset impairment charges and lease terminations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n28,939<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n389,242<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAmortization of deferred financing costs and bond discounts<\/p><\/td>

\n\u00a0<\/p><\/td>

\n9,736<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n9,759<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAmortization of cloud computing<\/p><\/td>

\n\u00a0<\/p><\/td>

\n17,696<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n10,825<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nBenefit for deferred income taxes<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(20,381<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(56,484<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nLoss on extinguishment of debt<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,392<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n205<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOther, net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,887<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(3,918<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nChanges in operating assets and liabilities, net of acquisitions:<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAccounts and notes receivable, net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(12,088<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(37,572<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nInventory<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(1,475<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(2,332<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nPrepaid and other assets<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(24,962<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,987<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAdvertising fund assets and liabilities, restricted<\/p><\/td>

\n\u00a0<\/p><\/td>

\n771<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(6,118<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nOther assets<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(21,403<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(77,243<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nDeferred commissions<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(578<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n934<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDeferred revenue<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(1,543<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,280<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAccounts payable<\/p><\/td>

\n\u00a0<\/p><\/td>

\n604<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n24,559<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAccrued expenses and other liabilities<\/p><\/td>

\n\u00a0<\/p><\/td>

\n30,271<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n13,627<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome tax receivable<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(6,311<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(12,923<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nCash provided by operating activities<\/p><\/td>

\n\u00a0<\/p><\/td>

\n330,543<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n243,954<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash flows from investing activities:<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCapital expenditures<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(222,774<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(288,635<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nCash used in business acquisitions, net of cash acquired<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(11,253<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(2,990<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nProceeds from sale leaseback transactions<\/p><\/td>

\n\u00a0<\/p><\/td>

\n73,099<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n51,371<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nProceeds from Seller Note<\/p><\/td>

\n\u00a0<\/p><\/td>

\n113,000<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nProceeds from sale or disposal of businesses and fixed assets, net of cash sold<\/p><\/td>

\n\u00a0<\/p><\/td>

\n280,654<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n290,329<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash provided by investing activities<\/p><\/td>

\n\u00a0<\/p><\/td>

\n232,726<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n50,075<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash flows from financing activities:<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nPayment of debt extinguishment and issuance costs<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(10,489<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(9,646<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nProceeds from the issuance of long-term debt<\/p><\/td>

\n\u00a0<\/p><\/td>

\n500,000<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n274,794<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nRepayment of long-term debt<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(994,584<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(465,443<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nProceeds from revolving lines of credit and short-term debt<\/p><\/td>

\n\u00a0<\/p><\/td>

\n282,000<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n46,000<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nRepayment of revolving lines of credit and short-term debt<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(332,000<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(104,000<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nRepayment of principal portion of finance lease liability<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(5,506<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(5,028<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nPayment of Tax Receivable Agreement<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(38,374<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nAcquisition of non-controlling interest<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(644<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nTax obligations for share-based compensation<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(4,394<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(1,593<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nCash used in financing activities<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(564,973<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(303,934<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nEffect of exchange rate changes on cash<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,654<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(4,103<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nNet change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,950<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(14,008<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nCash and cash equivalents from continuing operations, beginning of period<\/p><\/td>

\n\u00a0<\/p><\/td>

\n103,438<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n132,552<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash included in advertising fund assets, restricted, beginning of period<\/p><\/td>

\n\u00a0<\/p><\/td>

\n38,930<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n38,537<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nRestricted cash from continuing operations, beginning of period<\/p><\/td>

\n\u00a0<\/p><\/td>

\n358<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n657<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash, cash equivalents, and restricted cash from discontinued operations, beginning of period<\/p><\/td>

\n\u00a0<\/p><\/td>

\n38,372<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n23,360<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n181,098<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n195,106<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash and cash equivalents from continuing operations, end of period<\/p><\/td>

\n\u00a0<\/p><\/td>

\n102,938<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n103,438<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash included in advertising fund assets, restricted, end of period<\/p><\/td>

\n\u00a0<\/p><\/td>

\n52,204<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n38,930<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nRestricted cash from continuing operations, end of period<\/p><\/td>

\n\u00a0<\/p><\/td>

\n162<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n358<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash, cash equivalents, and restricted cash from discontinued operations, end of period<\/p><\/td>

\n\u00a0<\/p><\/td>

\n29,744<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n38,372<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period<\/b><\/p><\/td>

\n$<\/p><\/td>

\n185,048<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n181,098<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>

\nDescription of Restatement Matters and Restatement Errors<\/b><\/p>

\nAn overview of the restatement adjustments and their impact on previously reported consolidated financial statements are described below.<\/p>

\nLease adjustments<\/span><\/i><\/b><\/p>

\nThe 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.<\/p>

\nCash adjustments<\/span><\/i><\/b><\/p>

\nThe 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.<\/p><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td> Contacts<\/b>

\nShareholder\/Analyst inquiries:<\/b>Steve Alexander\nstephen.alexander@drivenbrands.com<\/a>(972) 467-6180<\/p>

\nMedia inquiries:<\/b>Michelle Appleyard\nmichelle.appleyard@drivenbrands.com<\/a>(704) 644-8129<\/p> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"

–Company restates previously issued financial statements–
\n–Fiscal 2025 revenue increases 6.3% to $1.9 billion–
\n–Take 5 fourth quarter 2025 same store sales increase 3.7%; 22nd consecutive quarter of growth–
\n–Pro forma net leverage ratio improve…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7934","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7934"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7934\/revisions"}],"predecessor-version":[{"id":7935,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7934\/revisions\/7935"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}