Why Is Driven Brands (DRVN) Suddenly Ready To Buy Back Stock?
Driven Brands (DRVN) announced a $100M share buyback program and a long-term net leverage target of 2-3x adjusted EBITDA. The company expects to reach 3.0x EBITDA by Q3 2026, ahead of schedule. While Take 5 saw 3.6% same-store sales growth, overall same-store sales grew just 1.4%, and adjusted EBITDA fell 7% YoY to $107M, impacted by $11.8M in non-recurring costs.






