Driven Brands Hldgs Q4 Adj. EPS $0.19, Inline, Sales $553.68M Miss $572.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Driven Brands Hldgs (DRVN) reported Q4 adjusted EPS of $0.19, meeting analyst estimates but marking a 24% decrease from last year. Quarterly sales of $553.68M missed estimates by 3.23%, though they represent a 2.60% increase from the previous year.
February 22, 2024 | 11:49 am
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DRVN met Q4 adjusted EPS estimates but saw a 24% decrease from last year. Sales missed estimates by 3.23% but increased 2.60% YOY.
DRVN's earnings report presents a mixed picture. Meeting EPS estimates suggests financial stability, but the year-over-year decrease in EPS and the miss on sales estimates could concern investors. The slight increase in sales year-over-year indicates some growth, balancing the overall impact on the stock. Given these factors, the short-term impact on DRVN's stock price is likely neutral.
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