Driven Brands Now Sees FY24 Revenue At Low-End Of ~$2.35B - $2.45B Range (Est $2.403B), Adjusted EPS At
High-End Of ~$0.88 - $1.00 (Est $0.97)
Portfolio Pulse from Benzinga Newsdesk
Driven Brands has updated its FY24 revenue guidance to the low end of the $2.35B - $2.45B range, with an estimated $2.403B. The company also expects adjusted EPS to be at the high end of the $0.88 - $1.00 range, with an estimated $0.97.
August 01, 2024 | 11:25 am
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Driven Brands has revised its FY24 revenue guidance to the low end of the $2.35B - $2.45B range, with an estimated $2.403B. The company also expects adjusted EPS to be at the high end of the $0.88 - $1.00 range, with an estimated $0.97.
The updated guidance indicates a mixed outlook: while revenue is expected at the lower end of the range, adjusted EPS is expected at the higher end. This could result in a neutral short-term impact on the stock price as investors weigh the positive EPS against the lower revenue expectations.
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