Driven Brands Holdings Inc. PP&E Disclosure
| Buildings and improvements | 5 to 40 years | ||||
| Furniture and fixtures | 5 to 7 years | ||||
| Store equipment | 5 to 15 years | ||||
| Leasehold improvements | 5 to 15 years | ||||
| Vehicles | 3 to 5 years | ||||
| Computer equipment and software | 3 to 5 years | ||||
| (in thousands) | December 27, 2025 | December 28, 2024 | |||||||||
| As Restated | |||||||||||
| Buildings | $ | 93,156 | $ | 69,512 | |||||||
| Land | 38,026 | 20,627 | |||||||||
| Furniture, fixtures, and other | 48,622 | 41,258 | |||||||||
| Computer equipment and software | 83,133 | 74,296 | |||||||||
| Store equipment | 84,929 | 61,830 | |||||||||
| Leasehold improvements | 322,181 | 262,387 | |||||||||
| Finance lease ROU assets | 24,286 | 18,809 | |||||||||
| Vehicles | 15,007 | 14,440 | |||||||||
| Construction in progress | 28,113 | 55,593 | |||||||||
| Total property and equipment | 737,453 | 618,752 | |||||||||
| Less: accumulated depreciation | (265,649) | (209,301) | |||||||||
| Total property and equipment, net | $ | 471,804 | $ | 409,451 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | May 19, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 18, 2022 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.