Driven Brands reported revenue of US$507.4 million for the second quarter of 2026, up 6.8% from a year earlier.
The Charlotte, N.C.-based automotive services company reported system-wide sales of US$1.63 billion, up 4.9%, while same-store sales increased 1.4%. Driven Brands operates more than 4,300 locations, including CARSTAR and Maaco collision repair facilities.
Net income from continuing operations was US$37.3 million, or US$0.23 per diluted share, compared with US$16.4 million, or US$0.10 per diluted share, a year earlier.
Adjusted net income was US$48.2 million, or US$0.29 per diluted share, compared with US$48.9 million, or US$0.30 per diluted share. Adjusted earnings before interest, taxes, depreciation and amortization fell 7% to US$107 million and included US$11.8 million in non-recurring costs related to the company's financial restatement.
“Our results this quarter reflect the strength of our diversified, non-discretionary portfolio,” president and CEO Danny Rivera said. “Revenue grew 7%, every segment delivered positive same store sales growth, and Take 5 extended its streak to 24 consecutive quarters of positive same store sales growth, including 3.6% growth this quarter. We also moved closer to our 3x leverage target, ending the quarter at 3.1x.”
Franchise Brands, which includes CARSTAR, Maaco, Meineke and other franchised businesses, recorded US$1.10 billion in system-wide sales, up from US$1.08 billion a year earlier. Same-store sales increased 0.5%. The segment had 2,696 locations at the end of the quarter, compared with 2,673 a year earlier.
Take 5 recorded US$460.2 million in system-wide sales and same-store sales growth of 3.6%. Auto Glass Now recorded US$72.7 million in system-wide sales and same-store sales growth of 2.6%.
Driven Brands ended the quarter with US$855 million in liquidity, including US$184 million in cash and cash equivalents. Its net leverage ratio declined to 3.1 times adjusted EBITDA.
The company maintained its 2026 revenue forecast of US$1.95 billion to US$2.05 billion and adjusted EBITDA forecast of US$430 million to US$460 million. Adjusted EBITDA is expected to come in at the low end of that range.
Driven Brands also continues to forecast same-store sales growth of between zero and 2%, net growth of 160 to 190 locations and free cash flow of US$125 million to US$145 million for 2026.
“We are reiterating our full-year 2026 outlook ranges and remain focused on scaling Take 5, generating consistent cash flow, and further reducing leverage,” Rivera said. “We are operating in a dynamic consumer environment and are managing the business with appropriate discipline.”
