Driven Brands Goldings shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and issued FY23 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Driven Brands Holdings reported lower than expected Q2 adjusted EPS results and issued FY23 guidance below estimates, causing its shares to trade lower.
August 04, 2023 | 11:29 am
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NEGATIVE IMPACT
Driven Brands' stock is trading lower due to worse-than-expected Q2 results and lower FY23 guidance.
The company's lower than expected Q2 results and lower FY23 guidance are negative indicators for the company's performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100