Driven Brands Announces $100M Share Repurchase, Updated Capital Plan

What Happened Driven Brands Holdings Inc. announced on September 15, 2026 that its Board approved updated capital allocation priorities and a $100 million share repurchase authorization, effective September 15, 2026. The Board said the company will continue to invest in expansion of its Take 5 business and set a long-term net leverage target of 2–3x Net Debt to Adjusted EBITDA. The company noted repurchases may be made in the open market or through plans compliant with Rules 10b5-1 and 10b-18.

Key Details

• $100 million share repurchase authorization approved by the Board, effective September 15, 2026.
• Long-term net leverage target set at 2–3x Net Debt to Adjusted EBITDA.
• Company will continue to invest in Take 5 growth as a priority.
• Repurchases’ timing and size depend on price, market and business conditions; may use 10b5-1/10b-18 programs.

Why It Matters A formal buyback authorization gives the company flexibility to return capital to shareholders and can signal management confidence in the business. The 2–3x leverage target provides a clearer framework for balance-sheet management and future capital decisions (debt paydown, dividends, acquisitions, or buybacks). Continued investment in Take 5 indicates management is prioritizing growth alongside capital returns — information investors can use when assessing Driven Brands’ capital strategy and risk profile.