Driven Brands to Restate Financial Statements Over Fixed-Asset Accounting Errors

• Driven Brands will restate financial statements over material errors primarily involving fixed-asset accounting; affected statements should no longer be relied upon.
• The restatement covers fiscal 2023-2025 annual statements, 2024-2025 interim statements and the first two quarters of 2026.
• Third-quarter 2026 earnings reporting is delayed; the Form 10-Q will miss its deadline, with no set timeline for completing the restatement.
• Fiscal 2026 adjusted EBITDA guidance falls to $410 million-$430 million from $430 million-$460 million, including at least $50 million in restatement-related costs.
• Adjustments identified to date have a negligible impact on adjusted EBITDA; the revised outlook reflects consumer pressures and additional restatement-related costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Driven Brands Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202611030700BIZWIRE_USPR_____20261102_BW749526) on November 03, 2026, and is solely responsible for the information contained therein.