Driven Brands Expects FY23 Revenue Of $2.30B, Vs $2.37B Consensus (Prior View: $2.35B); Adjusted EPS Of $0.92, Vs $1.23 Consensus (Prior View: $1.21)
Portfolio Pulse from Benzinga Newsdesk
Driven Brands Holdings Inc has lowered its FY23 guidance due to weaker than expected performance in the Car Wash segment and U.S. glass business. The company now expects FY23 revenue of $2.30B, compared to the consensus of $2.37B, and adjusted EPS of $0.92, versus the consensus of $1.23.
August 04, 2023 | 10:54 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Driven Brands has lowered its FY23 guidance, which could negatively impact its stock price in the short term.
The company's lowered guidance indicates weaker than expected performance, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100