Driven Brands sets $100M share buyback and new leverage target

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Go back to Driven Brands sets $100M share buyback and new leverage target

Driven Brands Announces Updated Capital Allocation Priorities

September 15, 2026 7:15 AM EDT

Long-Term Net Leverage Target of 2-3x Net Debt / Adj. EBITDA

New $100 Million Authorization for Share Repurchases

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Driven Brands Holdings Inc. (NASDAQ: DRVN) (Driven Brands or the Company) today announced updated capital allocation priorities aimed at accelerating growth and driving long-term shareholder returns.

The strength of Driven Brands Growth and Cash framework has been on full display over the last several years as Driven reduced its net leverage from 5.0x at the end of 2023 to an... More