Driven Brands Announces Segment Reporting Changes

Driven Brands Holdings ( (DRVN) ) has issued an update.

On March 12, 2025, Driven Brands Holdings Inc. announced a change in its segment reporting, effective from the first quarter of 2025. This change reflects the company’s operational management and value creation strategies, highlighting Take 5 Oil Change as a stand-alone segment and consolidating franchise businesses into one segment. The recast financial information for fiscal year 2024 shows no impact on consolidated historical U.S. GAAP financial results and is available on the company’s Investor Relations website.

More about Driven Brands Holdings

Driven Brands Holdings Inc., headquartered in Charlotte, NC, is the largest automotive services company in North America. It provides a wide range of consumer and commercial automotive services, including paint, collision, glass, vehicle repair, oil change, maintenance, and car wash. The company operates approximately 5,200 locations across 14 countries and services around 70 million vehicles annually, generating approximately $2.3 billion in annual revenue from about $6.5 billion in system-wide sales.

YTD Price Performance: 1.50%

Average Trading Volume: 616,184

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $2.66B

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