Driven Brands Holdings reported $54.83 million in net income for the first quarter ended March 28, 2026. This was a sharp increase when compared to the $9.93 million in restated net income the company experienced in the year-ago first quarter.
Adjusted net income rose 26.5% to $49.03 million, and adjusted EBITDA (which included more than $9 million in restatement-related, non-recurring costs) came in at $104.07 million — up 1.7% versus the prior year.
Meanwhile, the company’s total net revenue increased 8.2% to $484.44 million.
Total systemwide sales grew 5.8% to $1.57 billion, which management ascribed to a 2.1% increase in same-store sales and a 5.0% rise in shop count compared to the previous year.
President and CEO Danny Rivera told analysts on Driven’s June 11 earnings call that demand remains healthy across the company’s businesses, albeit with some specific areas of moderation.
“Within Take 5, we are monitoring some moderation in traffic among newer customers and more value-oriented customers, particularly households earning less than $50,000 annually who are facing greater pressure from inflation and higher living costs,” Rivera said. “However, our core customer base remains resilient, and we continue to see strong average check, healthy premium mix and solid attachment rates.
“The essential nature of our services, combined with secular industry tailwinds, reinforces our confidence in the business.”
TAKE 5 … Take 5 systemwide sales came in at $441.67 million — a 14.0% gain compared to a year ago.
Same-store sales increased 4.5% for the quarter on top of 8.0% growth a year ago, giving Take 5 a two-year stack of +12.5%. It’s also worth noting that Take 5 has now reported same-store sales growth for 23 consecutive quarters.
Take 5’s revenue grew 9.6% to $323.20 million for the quarter.
Adjusted EBITDA rose 13.6% to $109.50 million, and adjusted EBITDA margin grew from 32.7% to 33.9% year over year.
Rivera stated that Take 5 is early in its growth journey, with approximately 1,400 locations today and a path to more than 2,500 locations over time. “We continue to see substantial white space opportunity ahead,” he said. “Importantly, we also continue to see attractive unit-level economics and returns on new store investments across both company and franchise development.”
The Take 5 segment is primarily composed of Take 5 Oil. Take 5 services a combination of retail and commercial customers, such as fleet operators. Its offering includes oil changes in addition to certain as-needed automotive maintenance work, including differential fluid exchange, coolant services, and air and cabin filters. The segment also includes supply and other revenue as well as franchise royalties and fees.
FRANCHISED BRANDS … Franchised Brands systemwide sales came in at $1.06 billion — a 2.7% gain compared to a year ago.
Same-store sales increased 0.9% for the quarter up against a 2.9% decrease a year ago for a two-year stack of -2.0%.
Franchised Brands’ revenue declined 0.6% to $69.40 million for the quarter, attributable to the sale of two company-operated locations to a franchisee, partially offset by an increase in franchise systemwide sales that resulted in increased supply revenue as well as franchised royalties and fees.
Adjusted EBITDA decreased 3.6% to $41.40 million, and adjusted EBITDA margin slipped from 61.4% to 59.6% on a year-over-year basis.
“If you look underlying Franchise Brands, we’ve got three kind of main businesses. Maaco has been soft. It was soft tail end of last year. That softness has persisted into Q1 of this year, although we are seeing a bit of improvement on the retail side of that business,” Rivera told analysts on the call. “Meineke has been strong for some time now. That strength was evident in 2025, and that momentum has carried forward into Q1.
“The change sequentially, quarter-over-quarter, was really collision. So Q1, we saw the industry pick up a little bit from where it was in Q4. We continue to outperform the general industry anywhere between 100 to 300 basis points. That really hasn’t changed into Q1, and we don’t expect that to change here anytime soon. But, as we look at the collision industry for the entire year of 2026, what we’re really expecting is a year of stabilization, not so much a year of bounce back. So, we expect the industry to moderate toward the back half of the year. And, in turn, the segment will tend to moderate into the back half of the year.”
The Franchise Brands segment is primarily composed of Driven’s portfolio of franchise brands, which includes …
• Meineke.
• Maaco.
• Carstar.
• ABRA.
• Fix Auto.
• 1-800 Radiator.
• Uniban.
• the Automotive Training Institute
The segment also includes supply and other revenue in addition to company-operated shop sales.
AUTO GLASS NOW … Auto Glass Now systemwide sales came in at $62.90 million — a 6.0% gain compared to a year ago.
Same-store sales increased 7.2% for the quarter up against a 0.4% decrease a year ago, giving Auto Glass Now a two-year stack of +6.8%.
Auto Glass Now’s revenue rose 6.3% to $63.06 million for the quarter.
Adjusted EBITDA grew 11.6% to $5.90 million, and adjusted EBITDA margin improved from 9.0% to 9.4% year over year.
The Auto Glass Now segment provides auto glass repair, replacement and calibration services to commercial, retail and insurance customers within the United States as well as third-party administration and claims management services to commercial and insurance customers within the United States.
The segment derives substantially all of its revenue from company-operated shop sales.
LOOKING AHEAD … Management reiterated its outlook for the year ending Dec. 26, 2026, calling for …
• Revenue to range between $1.95 billion and $2.05 billion.
• Same-store sales to come in between flat and up 2.0%.
• Adjusted EBITDA to range between $430 million and $460 million.
• Net store growth of 160 to 190.
For the second quarter, management expects …
• Sales to moderate across all of the company’s brands.
• Take 5 same-store sales growth to be in the mid-3.0% range.
• Franchise Brands same-store sales to moderate as compared to the 0.9% growth reported for the first quarter. — Reporting by Marc Vincent, Editor
