Driven Brands Holdings Inc. reported second-quarter 2026 revenue of $507.4 million on Aug. 6, up 6.8% from $475.2 million a year earlier, three days after its board unanimously rejected a non-binding, "highly conditional" proposal from ADW Capital Management to take the company private for $18 per share.
Take 5 leads segment results
For collision repair franchisees under the CARSTAR, Abra, Fix Auto USA, and Maaco banners, the quarter's headline numbers arrive at the broader Franchise Brands segment level rather than broken out separately. That segment, which its 2025 annual report describes as including Meineke, Maaco, CARSTAR, ABRA, Fix Auto, and 1-800-Radiator & A/C, posted system-wide sales of $1.1 billion, a 0.5% increase in same-store sales, and $41.2 million in adjusted EBITDA for the quarter, according to the earnings release.
Take 5 remained the company's strongest performer, posting 3.6% same-store sales growth, its 24th consecutive quarter of positive same-store sales, per the release. Auto Glass Now grew system-wide sales to $72.7 million with 2.6% same-store sales growth.
Companywide, net income from continuing operations was $37.3 million, or $0.23 per diluted share, up from $16.4 million, or $0.10 per diluted share, a year earlier. Adjusted net income was $48.2 million, or $0.29 per diluted share, down slightly from $48.9 million, or $0.30 per diluted share, in the prior-year quarter. Adjusted EBITDA fell 7% to $107 million, a figure that included $11.8 million in non-recurring, restatement-related costs.
"Our results this quarter reflect the strength of our diversified, non-discretionary portfolio," President and CEO Danny Rivera said in the release.
Full-year outlook trimmed to low end
The company reiterated its full-year 2026 outlook of $1.95 billion to $2.05 billion in revenue and $430 million to $460 million in adjusted EBITDA, though it said it now expects adjusted EBITDA to land at the low end of that range, citing "continued uncertainty with lower-income consumers and the conflict in the Middle East." Driven also said its restatement-related costs are now expected to come in at the high end of a previously disclosed $35 million to $45 million range.
Nasdaq compliance regained after restatement
Net leverage improved to 3.1 times adjusted EBITDA, down from 3.2 times last quarter, as the company moves toward a 3x target. Driven confirmed it regained Nasdaq listing compliance on June 12 following the filing of its delayed first-quarter 10-Q, which had triggered a Nasdaq deficiency notice in June, separate from an earlier notice tied to the company's delayed 10-K filing in April. Both delays stemmed from the company's broader accounting restatement, which forced Driven to revisit fiscal 2023 and 2024 results along with several 2025 quarters.
Stock performance
Shares closed at $13.54 shortly before this release, down 21.91% over the trailing 12 months but up 30.95% over the trailing three months, according to Investing.com. Shares have traded in a roughly $9.80 to $19.74 range over the past 52 weeks.
The Q2 print follows first-quarter revenue of $484.4 million, reported in June alongside the delayed 10-Q, when Rivera described 2026 as a year of collision stabilization rather than a rebound.
