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0 0 0.00131926121372041 0.00164907651715042 -0.00461741424802113 -0.0112137203166227 -0.00395778364116087 -0.00989445910290228
Stock impact report

Driven Brands narrows 2025 guidance and targets 170 new Take 5 locations amid macro uncertainty [Seeking Alpha]

Driven Brands Holdings Inc. (DRVN) 
Company Research Source: Seeking Alpha
Daniel Rivera, President, CEO & Director, stated that Driven Brands "delivered a strong third quarter with top to bottom strength on all key financial metrics." Rivera said revenue grew by 7%, adjusted EBITDA reached $136 million, and system-wide Quick Insights Macroeconomic uncertainty is leading management to express caution, tighten guidance, and acknowledge the possibility of negative comps in Q4 due to choppiness in consumer demand. Take 5 growth is driven by consistent same-store sales gains, expansion into new locations, rollout of new services like differential fluid, and increased premiumization and traffic. Driven Brands continues to deleverage, reducing net leverage, prioritizing free cash flow, and focusing on flexibility for new investments, aiming for a 3x leverage target by 2026. More Trending News Show less Read more
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