08:09 AM EDT, 03/12/2025 (MT Newswires) -- Driven Brands ( DRVN ) said Wednesday it realigned its segment reporting, effective Q1.

The automotive services company said it consolidated its franchise businesses into one segment and that its Take 5 Oil Change business is now a stand-alone segment.

Driven Brands ( DRVN ) said it recast reported quarterly segment financial details for fiscal 2024 to reflect its new reportable segments. The company said the change will not affect consolidated historical US GAAP financial results.

DRVN shares were 0.5% lower in recent premarket activity.