Driven Brands Announces New Segment Reporting
Driven Brands Holdings (NASDAQ: DRVN) has announced a significant change in its segment reporting structure, effective Q1 2025. The new structure features Take 5 Oil Change as a standalone segment, highlighting its position as the company's primary growth driver. Additionally, the company has consolidated its franchise businesses into a single segment.
According to CFO Mike Diamond, this realignment better reflects their operational management and value creation drivers. The restructuring emphasizes Driven Brands' dual business model: growth through Take 5 Oil Change and free cash flow generation from franchise brands. The company has recast its quarterly segment financial information for fiscal year 2024 to align with the new structure, though this change does not affect consolidated historical U.S. GAAP financial results.
Driven Brands Holdings (NASDAQ: DRVN) ha annunciato un cambiamento significativo nella sua struttura di reporting segmentale, che entrerà in vigore nel primo trimestre del 2025. La nuova struttura prevede Take 5 Oil Change come segmento autonomo, evidenziando la sua posizione come principale motore di crescita dell'azienda. Inoltre, l'azienda ha consolidato le sue attività in franchising in un unico segmento.
Secondo il CFO Mike Diamond, questo riallineamento riflette meglio la loro gestione operativa e i fattori di creazione di valore. La ristrutturazione sottolinea il doppio modello di business di Driven Brands: crescita attraverso Take 5 Oil Change e generazione di flusso di cassa libero dai marchi in franchising. L'azienda ha rielaborato le informazioni finanziarie trimestrali per segmento per l'anno fiscale 2024 in modo da allinearsi alla nuova struttura, sebbene questo cambiamento non influisca sui risultati finanziari storici consolidati secondo i principi contabili GAAP statunitensi.
Driven Brands Holdings (NASDAQ: DRVN) ha anunciado un cambio significativo en su estructura de informes segmentados, que será efectivo en el primer trimestre de 2025. La nueva estructura presenta a Take 5 Oil Change como un segmento independiente, destacando su posición como el principal motor de crecimiento de la empresa. Además, la compañía ha consolidado sus negocios de franquicia en un único segmento.
Según el CFO Mike Diamond, esta reestructuración refleja mejor su gestión operativa y los impulsores de creación de valor. La reestructuración enfatiza el modelo de negocio dual de Driven Brands: crecimiento a través de Take 5 Oil Change y generación de flujo de caja libre a partir de marcas de franquicia. La compañía ha reformulado su información financiera trimestral por segmento para el año fiscal 2024 para alinearse con la nueva estructura, aunque este cambio no afecta los resultados financieros históricos consolidados bajo los principios contables GAAP de EE. UU.
Driven Brands Holdings (NASDAQ: DRVN)은 2025년 1분기부터 시행되는 세그먼트 보고 구조의 중요한 변화를 발표했습니다. 새로운 구조는 Take 5 Oil Change를 독립 세그먼트로 설정하여 회사의 주요 성장 동력으로서의 위치를 강조합니다. 또한, 회사는 프랜차이즈 비즈니스를 하나의 세그먼트로 통합했습니다.
재무 담당자 마이크 다이아몬드에 따르면, 이번 재조정은 운영 관리 및 가치 창출 요소를 더 잘 반영합니다. 이번 구조 조정은 Driven Brands의 이중 비즈니스 모델을 강조합니다: Take 5 Oil Change를 통한 성장과 프랜차이즈 브랜드로부터의 자유 현금 흐름 생성. 회사는 새로운 구조에 맞게 2024 회계연도 분기별 세그먼트 재무 정보를 재구성했지만, 이 변화는 미국 GAAP에 따른 통합된 역사적 재무 결과에 영향을 미치지 않습니다.
Driven Brands Holdings (NASDAQ: DRVN) a annoncé un changement significatif dans sa structure de reporting segmentaire, qui prendra effet au premier trimestre 2025. La nouvelle structure présente Take 5 Oil Change comme un segment autonome, mettant en avant sa position en tant que principal moteur de croissance de l'entreprise. De plus, l'entreprise a consolidé ses activités de franchise en un seul segment.
Selon le CFO Mike Diamond, cette réorganisation reflète mieux leur gestion opérationnelle et les facteurs de création de valeur. La restructuration met en avant le modèle commercial dual de Driven Brands : la croissance grâce à Take 5 Oil Change et la génération de flux de trésorerie libre à partir des marques de franchise. L'entreprise a reformulé ses informations financières trimestrielles par segment pour l'exercice fiscal 2024 afin de s'aligner sur la nouvelle structure, bien que ce changement n'affecte pas les résultats financiers historiques consolidés selon les principes comptables GAAP américains.
Driven Brands Holdings (NASDAQ: DRVN) hat eine bedeutende Änderung in seiner Segmentberichtsstruktur angekündigt, die im ersten Quartal 2025 in Kraft tritt. Die neue Struktur sieht Take 5 Oil Change als eigenständiges Segment vor, das seine Position als Hauptwachstumstreiber des Unternehmens hervorhebt. Darüber hinaus hat das Unternehmen seine Franchise-Geschäfte in ein einziges Segment konsolidiert.
Laut CFO Mike Diamond spiegelt diese Neuausrichtung besser ihr operatives Management und die Wertschöpfungsfaktoren wider. Die Umstrukturierung betont das duale Geschäftsmodell von Driven Brands: Wachstum durch Take 5 Oil Change und die Generierung von freien Cashflows aus Franchise-Marken. Das Unternehmen hat seine vierteljährlichen Segmentfinanzinformationen für das Geschäftsjahr 2024 neu gestaltet, um sich an die neue Struktur anzupassen, obwohl diese Änderung keine Auswirkungen auf die konsolidierten historischen US-GAAP-Finanzresultate hat.
- Strategic separation of Take 5 Oil Change as standalone segment highlights growth potential
- Streamlined reporting structure through consolidation of franchise businesses
- Enhanced transparency in operational performance reporting
- None.
“Our re-aligned reporting structure better reflects how we view our operations and manage the company, providing important insights into the drivers of value creation. A key highlight is that Take 5 Oil Change is now a stand-alone segment, showcasing the strength of our flagship growth driver,” said Mike Diamond, Executive Vice President and Chief Financial Officer. “Additionally, we have consolidated our stable franchise businesses into one segment. This new segment reporting structure underscores our business model: growth from Take 5 Oil Change and free cash flow from our franchise brands.”
The Company has recast previously reported quarterly segment financial information for fiscal year 2024 to reflect the new reportable segments. The segment change has no impact on consolidated historical
About Driven Brands
Driven Brands™, headquartered in
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Shareholder/Analyst inquiries:
Dawn Francfort
ICR, Inc.
investors@drivenbrands.com
(203) 682-8200
Media inquiries:
Taylor Blanchard
taylor.blanchard@drivenbrands.com
(704) 644-8129
Source: Driven Brands
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