Driven Brands (DRVN) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Driven Brands Holdings Inc. Reports First Quarter 2024 Results —Achieved 13 consecutive quarters of same store sales growth— —Maintenance segment delivered 5% same store sales growth driven by 7% in Take 5 Oil Change— --Net Income of $4 million and Adjusted EBITDA of $131 million— —Announces CFO transition— —Reaffirms Fiscal Year 2024 Outlook— The Company ended the first quarter with total liquidity of $308.0 million consisting of $165.5 million in cash and cash equivalents and $142.5 million o ...