驱动品牌控股有限公司2025年季度报告

(Mark One)☒QUARTERLYREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch 29, 2025 Driven Brands Holdings Inc. (Exact name of Registrant as specified in its charter) Delaware(State or other jurisdiction of incorporation or organization)47-3595252(I.R.S. Employer Identification No.)440 South Church Street,Suite 700Charlotte,North Carolina(Address of principal executive offices)28202(Zip Code)Registrant’s telephone number, including area code: (704)377-8855 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company oran emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth Large accelerated filer☒Non-accelerated filer☐ Accelerated filer☐Small reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ As of May5, 2025, the Registrant had164,275,359shares of Common Stock outstanding. Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology,including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,”“potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparableterminology. All statements other than statements of historical facts contained in this Quarterly Report, including statements regardingour strategy, future operations, future financial position, future revenue, projected costs, prospects, trends, plans, objectives ofmanagement, impact of accounting standards and guidance, impairments, and expected market growth are forward-looking statements.In particular, forward-looking statements include, among other things, statements relating to: (i) our ability to realize the value of thenote received as partial payment in the sale of our U.S. Car Wash business; (ii) potential post-closing obligations and liabilities relatingto the sale of our U.S. Car Wash business; (iii) the current geopolitical environment, including the impact, both direct and indirect, ofgovernment actions, such as proposed and enacted tariffs; (iv) our strategy, outlook, and growth prospects; (v) our operational andfinancial targets and dividend policy; (vi) general economic trends and trends in the industry and markets; (vii) the risks and costsassociated with the integration of, and or ability to integrate, our stores and business units successfully; (viii) the proper application of Forward-looking statements represent our estimates and assumptions only as of the date on which they are made, and weundertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future Part I. FINANCIAL INFORMATION Note 1—Description of Business Description of Business Driven Brands Holdings Inc. together with its subsidiaries (collectively, the “Company”) is a Delaware corporation and is the parentholding company of Driven Brands, Inc. and Shine Holdco (UK) Limited (collectively, “Driven Brands”). Driven Brands is the largestautomotive services company in North America with a growing and highly-franchised base of approximately4,800franchised, Tax Receivable Agreement The Company expects to be able to utilize certain tax benefits which are related to periods prior to the effective date of the Company’sIPO and are attributed to our pre-IPO shareholders. The Company previously entered into a Tax Receivable Agreement whichprovides our pre-IPO shareholders with the right to receive payment of85% of the amount of cash savings, if any, in U.S. andCanadian federal, state, local, and provincial income tax that the Company will actu