The strong EPS beat and continued deleveraging should be well received, but the market will focus on the Nasdaq compliance status and whether the 10-Q is filed promptly. Monitor for any incremental restatement costs or consumer spending shifts that could pressure the FY2026 outlook.
Price Chart
Executive Summary
Driven Brands reported Q1 2026 adjusted EPS of $0.30, beating the $0.22 consensus by 36%, and revenue grew 8% YoY to $484.4M, near the high end of the company's preliminary guidance of $475–$485M. The company reiterated its FY2026 outlook with 3.2x net leverage, improving from 3.7x at year-end, though it is currently not compliant with Nasdaq listing rules due to a delayed 10-Q filing (expected to be filed later today).
Key Financial Metrics
Key Facts
- Q1 2026 revenue $484.4M, up 8% YoY from $447.6M
- Adjusted diluted EPS $0.30 vs consensus $0.22 (36% beat)
- Take 5 same-store sales +4.5% (23rd consecutive quarter of growth)
- Net leverage improved to 3.2x from 3.7x at FY2025 year-end
- FY2026 outlook reiterated: revenue $1.95–$2.05B, adjusted EPS $1.15–$1.25
- Restatement-related costs included $9.1M in Q1 Adjusted EBITDA
- Nasdaq non-compliance due to delayed 10-Q filing; expected to file later today
Financial Impact
Adjusted EPS beat consensus by $0.08 (36%) and revenue was at the high end of preliminary guidance; net leverage improved 50bp to 3.2x
Risk Factors
- Ongoing restatement-related costs ($35–$45M estimated for FY2026) could pressure margins
- Nasdaq listing risk if 10-Q filing is further delayed
- Consumer environment remains dynamic; franchise brand same-store sales were slightly negative in Q1 (0.9% positive after -1.0% in FY2025)
- Net leverage still above the 3.0x year-end target
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001804745-26-000057 |
| Document: drvn-20260611.htm | 0001804745-26-000057 |
| Document: 0001804745-26-000057-index-headers.html | 0001804745-26-000057 |
| Document: 0001804745-26-000057-index.html | 0001804745-26-000057 |
| Document: 0001804745-26-000057.txt | 0001804745-26-000057 |
| 8-K Data (Synthetic) | 0001804745-26-000057 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 6w ago | 8-K | $12.52 $12.28 | ▼ −1.92% | ▼ −2.73% | $11.64 (−7.07%) |
Aug 6, 2026 11w ago | 8-K | $12.96 $12.86 | ▼ −0.77% | ▼ −1.98% | $11.64 (−10.22%) |
Jun 16, 2026 18w ago | DEFA14A | $12.55 $13.19 | ▲ +5.10% | ▲ +6.14% | $11.64 (−7.29%) |
Jun 11, 2026 19w ago | 8-K | $13.83 $12.55 | ▼ −9.26% | ▼ −9.69% | $11.64 (−15.87%) |
Jun 5, 2026 20w ago | 8-K | $13.47 $13.46 | ▲ +0.07% | ▲ +2.19% | $11.64 (+13.62%) |
May 19, 2026 23w ago | 8-K | $13.23 $14.03 | ▲ +6.05% | ▲ +3.80% | $11.64 (−12.06%) |
Apr 23, 2026 26w ago | 8-K | $12.39 $12.74 | ▲ +2.82% | ▲ +1.35% | $11.64 (−6.09%) |
Apr 21, 2026 26w ago | 8-K | $12.64 $12.44 | ▲ +1.62% | ▲ +1.68% | $11.64 (+7.95%) |
Feb 25, 2026 34w ago | 8-K | $11.60 $11.01 | ▲ +5.09% | ▲ +3.99% | $11.64 (−0.30%) |
Feb 25, 2026 34w ago | 8-K | $11.60 $11.01 | ▲ +5.09% | ▲ +3.99% | $11.64 (−0.30%) |
US Market Status
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