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Driven Brands Holdings Inc - DRVN STOCK NEWS

Welcome to our dedicated news page for Driven Brands Holdings (Ticker: DRVN), a resource for investors and traders seeking the latest updates and insights on Driven Brands Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Driven Brands Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Driven Brands Holdings's position in the market.

News
Driven Brands to participate in the Bank of America 2024 Consumer & Retail Conference
Rhea-AI Summary
Driven Brands Holdings Inc. (NASDAQ: DRVN) will take part in the Bank of America 2024 Consumer & Retail Conference in Miami, hosting a fireside chat on March 12, 2024. The event will be webcast live and available for replay on the Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
Tags
conferences
-
News
Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2023 Results
Rhea-AI Summary
Driven Brands Holdings Inc. (NASDAQ: DRVN) reported a 13% increase in fiscal 2023 revenue driven by 7% same-store sales growth and 4% net store growth. The company achieved 12 consecutive quarters of same-store sales growth. However, a non-cash goodwill impairment and asset impairment charges led to a net loss of $745.0 million. Adjusted net income decreased by 25% to $155.9 million. The company aims to accelerate growth, reduce debt, and focus on strategic assets in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.13%
Tags
earnings
-
News
DRIVEN BRANDS SHAREHOLDER ACTION REMINDER
Rhea-AI Summary
Faruqi & Faruqi, LLP is investigating potential claims against Driven Brands Holdings Inc. (NASDAQ: DRVN) for violating federal securities laws by making false statements. The complaint alleges issues with integrating acquired businesses and a decline in the performance of car wash and auto glass segments, leading to a significant stock price decline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
none
News
Driven Brands Holdings Inc. to host fourth quarter and year-end earnings conference call on February 22, 2024
Rhea-AI Summary
Driven Brands Holdings Inc. (NASDAQ: DRVN) is set to release its Q4 and year-end 2023 earnings on February 22, 2024. The management will host a conference call to review the company's financial and operating performance, which will be available via live webcast and archived replay on the company's Investor Relations webpage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
conferences earnings
-
News
DRIVEN BRANDS INVESTOR DEADLINE APPROACHING
Rhea-AI Summary
Faruqi & Faruqi, LLP Investigates Potential Claims Against Driven Brands Holdings Inc. (NASDAQ: DRVN) for Violations of Federal Securities Laws and Encourages Investors Who Suffered Losses Exceeding $100,000 to Contact the Firm
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.24%
Tags
none
-
News
Columbus McKinnon Announces Kristine Moser as Vice President, Investor Relations and Treasurer
Rhea-AI Summary
Columbus McKinnon Corporation (CMCO) has appointed Kristine Moser as Vice President, Investor Relations and Treasurer. Mrs. Moser will be responsible for capital markets activity, building and maintaining communications with investors and analysts, and Columbus McKinnon's treasury operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.65%
Tags
none
News
Take 5 Oil Change reaches milestone with 1,000th location grand opening
Rhea-AI Summary
Take 5 Oil Change (T5OC) Celebrates Opening of 1,000th Location, Marking 1,400% Growth Since 2016
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
Tags
none
-
News
Driven Brands announces appointment of Damien Harmon to Board of Directors
Rhea-AI Summary
Driven Brands Holdings (NASDAQ: DRVN) appoints Damien Harmon as new independent director and member of the Compensation Committee
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
Tags
management
-
News
Driven Brands to Participate in the Morgan Stanley Global Consumer & Retail Conference
Rhea-AI Summary
Driven Brands Holdings Inc. (NASDAQ: DRVN) will participate in the Morgan Stanley Global Consumer & Retail Conference in New York, hosting a fireside chat on December 5, 2023, at 4:30 p.m. EST. The chat will be webcast live on the company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.83%
Tags
conferences
News
Driven Brands Holdings Inc. Reports Third Quarter Results
Rhea-AI Summary
Driven Brands reports a 12% increase in revenue for Q3 2023, driven by 6% same-store sales growth and 6% net store growth. The company reaffirms its fiscal year 2023 financial outlook. Net loss for the quarter was $799.3 million, compared to net income of $38.4 million in the prior year. Adjusted net income decreased 39% to $33.7 million. Cash provided by operating activities for the nine months ended September 30, 2023, increased 26% to $212.0 million compared to the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.95%
Tags
earnings
Stock DRVN logo
Driven Brands Holdings Inc

Nasdaq:DRVN

DRVN Rankings

#1717 Ranked by Market Cap
#5041 Ranked by Stock Gains
N/A Ranked by Dividends

DRVN Stock Data

2.38B
58.66M
2.27%
97.94%
2.64%
General Warehousing and Storage
Transportation and Warehousing
Link
United States
Charlotte

About DRVN

driven brands, headquartered in charlotte, nc, is the parent company of north america’s leading automotive aftermarket brands across four distinct verticals: repair & maintenance, housing meineke car care centers® and merlin 200,000 mile shops®; paint & collision, housing maaco®, carstar north america® and drive n style®; distribution, housing 1-800-radiator & a/c®; and quick lube, housing pro oil change®, econo lube n'​ tune®, driven florida lubes® and take 5 oil change. driven brands has more than 2,300 centers across north america, and combined, all businesses generate more than $2.1 billion in system sales. for more information, visit www.drivenbrands.com.