Driven Brands (DRVN) - 2023 Q4 - Annual Results

Exhibit 99.1 Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2023 Results For the fiscal year, Driven Brands delivered revenue of $2.3 billion, up 13$6.3 billion, up 12% versus the prior year driven by 7% same-store sales growth and 4% net store growth. The Company added 183 net new stores during fiscal 2023. During the fiscal year, the Company recognized an $851.0 million non-cash goodwill impairment in the Car Wash segment as well as$132. ...