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Driven Brands Driven Brands Holdings Inc. Reports Second Quarter Results July 28 , 2021 CHARLOTTE , N.C. , July 28 , 2021 ( GLOBE NEWSWIRE ) -- Driven Brands Holdings Inc. ( NASDAQ : DRVN ) ( " Driven Brands " or " the Company " ) today reported financial results for the second quarter ended June 26 , 2021 . For the second quarter , revenue was $ 374.8 million , an increase of 123 % versus the prior year . System - wide sales hit a record $ 1.2 billion , an increase of 65 % versus the prior year , with 34 % net store growth and an increase in consolidated same - store sales of 38.7 % . On a two - year basis , same - store sales increased 19.1 % . Earnings per share was $ 0.21 for the second quarter , an increase of 600 % versus the prior year . Adjusted earnings per share2 was $ 0.25 , an increase of 79 % versus the prior year . " The power of Driven Brands is evident in our continued strong operating results , " said Jonathan Fitzpatrick , president and chief executive officer . " While this quarter laps the depths of COVID - 19 in the prior year , our strong two - year trend indicates continued momentum in the fundamentals of our business . " Initiatives we implemented last year , coupled with strong execution from employees and franchisees drove compounding same - store sales and store growth . We continued to capitalize on opportunities as consumers drove more in the second quarter , " Fitzpatrick added . " Given our scale , the significant whitespace in this fragmented and needs - based industry , and our robust cash generation , our business model remains well - positioned to maximize long - term value for all of our stakeholders . " Second Quarter Highlights Delivers Strong Same - Store Sales Growth and Adds 70 Net New Stores ports Robust Operating Income and Earnings per Share Growth Raises Fiscal Year 2021 Guidance • Revenue increased 123 % versus the prior year , driven primarily by the acquisition of International Car Wash Group ( " ICWG " ) in the third quarter of 2020 as well as organic growth across all segments from positive same - store sales growth and net store growth . • Consolidated same - store sales increased 38.7 % for the quarter and increased 19.1 % on a two - year basis . • Same - store sales increased across all segments on both a one- and two - year basis . • The Company added 70 net new stores during the quarter . • The Company recorded net income in the second quarter of $ 35.2 million , an increase of 1051 % versus the prior year . Adjusted Net Income¹ was $ 41.9 million , an increase of 233 % versus the prior year . • Adjusted EBITDA³ was $ 100.8 million , an increase of 152 % versus the prior year . Second Quarter 2021 Key Performance Indicators by Segment Maintenance $ Car Wash Paint , Collision & Glass System - wide Sales ( in millions ) 321.2 122.1 597.6 117.5 N / A 1,158.3 Store Count Same - Store Sales * 1,485 979 1,655 41.9 % $ 35.2 % 200 37.3 % Revenue ( in millions ) 37.2 % 145.0 $ 123.9 Platform Services Corporate / Other N / A 4,319 N / A 38.7 % $ Total $ * Car Wash will not be included in consolidated same - store sales until the one - year anniversary of the ICWG acquisition in the third quarter of 2021 . Capital and Liquidity In May 2021 , the Company closed on a new $ 300 million revolving credit facility . Borrowings under this facility , in conjunction with the variable funding note associated with the Company's whole business securitization and cash on hand , will be utilized to fuel further growth and for general corporate 50.6 44.8 Segment Adjusted EBITDA4 ( in millions ) 10.5 374.8 44.6 43.1 21.9 17.6