Driven Brands down after forecasting annual profit below estimates

Driven Brands Holdings

19/05/2026 12:56

** Shares of automotive services firm Driven Brands Holdings DRVN.O down about 2% at $13.96 premarket

** Co forecasts annual EPS below estimates, hit by restatement of its FY2023, 2024 financial statements and interim financial results

** Sees FY2026 adjusted EPS between $1.15 and $1.25 vs estimates of $1.27 - data compiled by LSEG

** Co says FY2026 profit outlook includes about $35 million to $45 million of restatement-related, non-recurring costs

** Also expects annual revenue between $1.95 billion and $2.05 billion, mid point of which is below analysts' estimates of $2.03 billion

** However, co beats Q4 sales, profit estimates, helped by resilient demand for its segments like Take 5

** As of last close, DRVN down ~4% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))