Driven Brands Projects 2026 Revenue Between $1.95B and $2.05B
DRVN sits 38% above its 52-week low of $9.8.
Summary
Driven Brands Holdings has issued 2026 revenue guidance, projecting between $1.95 billion and $2.05 billion. This outlook suggests growth compared to the preliminary FY2025 revenue of $1.85-$1.86 billion reported earlier. The guidance provides a forward-looking financial data point for the company, which has recently faced significant challenges including a securities fraud lawsuit, material weaknesses in internal controls, financial restatements, and multiple Nasdaq non-compliance notices for delayed filings. This revenue projection offers some clarity on the company's expected performance amidst its ongoing operational and compliance issues.
At the time of this announcement, DRVN was trading at $13.55 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $9.80 to $19.74. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.