Driven Brands Hldgs Q1 2024 Adj EPS $0.23 Beats $0.19 Estimate, Sales $572.226M Miss $584.395M Estimate
Portfolio Pulse from Benzinga Newsdesk
Driven Brands Holdings (DRVN) reported Q1 2024 adjusted EPS of $0.23, surpassing the $0.19 estimate, but its sales of $572.226M fell short of the expected $584.395M. The EPS remained unchanged from the previous year, while sales saw a 1.74% year-over-year increase.

May 02, 2024 | 11:24 am
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DRVN's Q1 2024 earnings surpassed EPS estimates but missed on sales forecasts, with a slight year-over-year sales increase.
While DRVN's earnings per share exceeded expectations, which could be seen positively by investors, the miss on sales forecasts might temper enthusiasm, leading to a neutral short-term impact on the stock price. The unchanged EPS from the previous year and a modest sales increase indicate stability but may not be enough to drive significant stock price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100