Key Points – Driven Brands reported a solid Q1 with revenue up 8.2% to $484.4 million and reiterated its full-year 2026 guidance, including revenue of $1.95 billion to $2.05 billion and adjusted EBITDA of $430 million to $460 million. – Take 5 Oil Change remained the standout…
owth driver, posting its 23rd straight quarter of same-store sales growth and strong margin expansion, though management noted some traffic moderation among newer and more value-oriented customers. – The company is still focused on deleveraging, ending the quarter at 3.2x net leverage and expecting to reach its 3x target by year-end, while restatement costs and internal control remediation continue to pressure margins in the near term. – Top 2 Auto Maintenance Stocks Gearing Up for 2025 Driven Brands (NASDAQ:DRVN) reported higher first-quarter 2026 sales and revenue while reiterating its full-year outlook, as management pointed to continued strength at Take 5 Oil Change, improved franchise segment results and progress reducing leverage. President and CEO Danny Rivera said the quarter was “solid” as the company continued to execute what it calls its “growth and cash strategy.” Driven Brands grew system-wide sales 6%, revenue 8%, same-store sales 2% and adjusted EBITDA 2% in the quarter, with adjusted EBITDA margins of 21.5%. – 3 Automotive Parts Makers Growing at Double-Digit Rates The company ended the quarter with net leverage of 3.2x and said it remains on track to reach its 3x target by year-end
Rivera said reducing leverage remains the company’s top priority before management lays out a long-term capital allocation framework for investors. Take 5 Remains the Growth Engine Take 5 Oil Change continued to lead the company’s performance, posting its 23rd consecutive quarter of same-store sales growth. Rivera said the business grew system-wide sales 14%, revenue 10%, same-store sales 4.5% and adjusted EBITDA 14% in the quarter.
Take 5’s adjusted EBITDA margin expanded 120 basis points year…