Driven Brands Hldgs Q2 2024 Adj. EPS $0.35 Beats $0.28 Estimate, Sales $611.566M Miss $628.983M Estimate
Portfolio Pulse from Benzinga Newsdesk
Driven Brands Holdings (NASDAQ: DRVN) reported Q2 2024 adjusted EPS of $0.35, beating the estimate of $0.28. However, sales of $611.566M missed the $628.983M estimate.
August 01, 2024 | 11:19 am
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Driven Brands Holdings reported better-than-expected Q2 2024 EPS of $0.35, but sales missed estimates. The EPS beat by 25% is positive, but the sales miss could temper investor enthusiasm.
The significant EPS beat is a positive indicator and may boost investor confidence. However, the sales miss could offset some of the positive sentiment, leading to mixed short-term price movements.
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