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Driven Brands Q2 Earnings Call Highlights
['Jeff Wilder']
Daily Political
Excluding those costs, adjusted EBITDA increased $3.9 million, or 3.4%, according to Chief Financial Officer Mike Diamond.
Take 5 Oil Change remained the company’s primary growth driver, posting its 24th consecutive quarter of same-store sales growth.
Take 5 adjusted EBITDA rose 7.8% to $114.9 million, though its adjusted EBITDA margin declined about 70 basis points as inflation and store operating expenses increased.
It also maintained guidance for adjusted EBITDA of $430 million to $460 million and adjusted diluted EPS of $1.15 to $1.25.
About Driven Brands (NASDAQ:DRVN)Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations.