Driven Brands divests its Canadian distribution business [Seeking Alpha]
Driven Brands Holdings Inc. (DRVN)
Company Research
Source: Seeking Alpha
The transaction is expected to have minimal impact on the company's fiscal year 2024 outlook. Net proceeds will be used to pay down debt. The Canadian distribution business was part of the company's Platform Services segment. "Although the sale of PH will have a limited impact on the company's financials, this transaction will reduce debt and be margin rate accretive. We will provide further details and update our full-year outlook based on the disposition during our Q3 earnings call," said Mike Diamond, EVP and CFO. Recommended For You More Trending News DRVN - Driven Brands Holdings Inc. Recommended For You More Trending News About DRVN Stock Related Stocks Trending Analysis Trending News
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DRVN
News
- Driven Brands Holdings Inc. (NASDAQ: DRVN) had its price target raised by analysts at Canaccord Genuity Group Inc. from $19.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- Kaskela Law LLC Announces Shareholder Investigation of Driven Brands Holdings, Inc. (NASDAQ: DRVN) and Encourages Long-Term DRVN Shareholders to Contact the FirmBusiness Wire
- Should You Exit Your Position in Driven Brands Holdings (DRVN)? [Yahoo! Finance]Yahoo! Finance
- Walk-On's Sports Bistreaux names third CEO in 2 years [Yahoo! Finance]Yahoo! Finance
- Driven Brands unloads its Canadian distribution business [Seeking Alpha]Seeking Alpha
DRVN
Earnings
- 8/1/24 - Beat
DRVN
Sec Filings
- 8/27/24 - Form 4
- 8/9/24 - Form 4
- 8/9/24 - Form 3
- DRVN's page on the SEC website