CHARLOTTE, N.C. — Driven Brands Holdings Inc., the parent company of Take 5 Oil Change, Meineke Car Care Centers, Maaco, 1-800-Radiator & A/C, and CARSTAR, increased its system-wide sales 65% to a record $1.2 billion in the second quarter, ended June 26, compared with the year-ago period.
The company generated a net store growth of 34% with a same-store sales growth of 38.7%. On a two-year basis, same-store sales increased 19.1%.
"The power of Driven Brands is evident in our continued strong operating results," President and CEO Jonathan Fitzpatrick said.
"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."