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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Jun. 25, 2022
Jun. 26, 2021
Revenue:        
Revenue $ 508,624 $ 374,828 $ 976,947 $ 704,247
Operating Expenses:        
Selling, general, and administrative expenses 97,977 77,935 190,197 146,984
Acquisition costs 3,338 389 7,656 2,038
Store opening costs 666 405 1,172 694
Depreciation and amortization 38,087 26,423 71,110 50,275
Trade name impairment charge 125,450 0 125,450 0
Asset impairment charges and lease terminations (882) 2,178 16 3,431
Total operating expenses 544,309 311,188 938,912 590,887
Operating income (loss) (35,685) 63,640 38,035 113,360
Other expenses, net:        
Interest expense, net 26,270 16,612 51,623 34,702
Loss (gain) on foreign currency transactions 13,937 (5,229) 14,908 5,282
Loss on debt extinguishment 0 78 0 45,576
Nonoperating Income (Expense) 40,207 11,461 66,531 85,560
Income (loss) before taxes (75,892) 52,179 (28,496) 27,800
Income tax expense (benefit) (18,848) 17,011 (5,880) 12,565
Net income (loss) (57,044) 35,168 (22,616) 15,235
Net income (loss) attributable to non-controlling interest 0 (36) (15) (30)
Net income (loss) attributable to Driven Brands Holdings Inc. $ (57,044) $ 35,204 $ (22,601) $ 15,265
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.34) $ 0.21 $ (0.14) $ 0.09
Diluted (in dollars per share) $ (0.34) $ 0.21 $ (0.14) $ 0.09
Weighted average shares outstanding        
Basic (shares) 162,781 162,626 162,772 158,727
Diluted (shares) 162,781 166,512 162,772 162,271
Franchise royalties and fees        
Revenue:        
Revenue $ 44,850 $ 37,873 $ 82,738 $ 68,287
Company-operated store sales        
Revenue:        
Revenue 323,885 206,198 616,276 390,053
Operating Expenses:        
Operating expenses 192,939 123,820 370,806 236,575
Independently-operated store sales        
Revenue:        
Revenue 54,942 56,379 118,031 112,542
Operating Expenses:        
Operating expenses 28,843 30,792 62,142 61,900
Advertising contributions        
Revenue:        
Revenue 22,091 19,648 41,789 36,903
Operating Expenses:        
Operating expenses 22,091 19,648 41,789 36,903
Supply and other revenue        
Revenue:        
Revenue 62,856 54,730 118,113 96,462
Operating Expenses:        
Operating expenses $ 35,800 $ 29,598 $ 68,574 $ 52,087