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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News
- Driven Brands Holdings Inc. to Host Fourth Quarter and Year-End Earnings Call on February 25, 2025 [Yahoo! Finance]Yahoo! Finance
- Driven Brands Holdings Inc. to Host Fourth Quarter and Year-End Earnings Call on February 25, 2025Business Wire
- DRIVEN ALERT: Bragar Eagel & Squire, P.C. is Investigating Driven Brands Holdings, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Advance Auto Parts Appoints Michael Beland as Chief Accounting Officer [Yahoo! Finance]Yahoo! Finance
- Chatmeter Sees Rapid Adoption of Pulse AI Platform as Multi-Location Brands Seek Comprehensive Customer Intelligence [Yahoo! Finance]Yahoo! Finance
DRVN
Earnings
- 10/31/24 - Beat
DRVN
Sec Filings
- 12/12/24 - Form 8-K
- 11/20/24 - Form 8-K/A
- DRVN's page on the SEC website