Why Is DRIVEN BRANDS HLDGS (DRVN) Stock Down Today?
By the Top Tier Newswire AI Desk · November 3, 2026 at 9:53 AM ET · reviewed against 6 wire stories
DRIVEN BRANDS HLDGS (DRVN) is down -12.97% in the latest session. Our newswire has captured 6 stories on DRVN across 4 sources in the last 36 hours, with AI sentiment reading bearish (avg 42/100).
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Driven Brands Holdings (DRVN) shares fell 12.97% to $11.07 today. The primary driver was the announcement of a financial restatement covering fiscal years 2023 through 2025, which led the company to delay its third-quarter earnings call and lower its fiscal 2026 adjusted EPS outlook.
What Happened
Driven Brands filed an 8-K with the SEC disclosing material errors in its consolidated financial statements for fiscal years 2023, 2024, and 2025, as well as quarterly and year-to-date periods in fiscal 2025 and 2024. The company also identified errors in periods ending June 27, 2026, and March 28, 2026. Consequently, Driven Brands delayed its third-quarter earnings call and the filing of its Form 10-Q.
The company revised its fiscal 2026 adjusted EPS guidance downward to a range of $1.10 to $1.20 from the previous range of $1.15 to $1.25. This new midpoint sits below the $1.20 estimate held by analysts. Preliminary data indicated that third-quarter same-store sales rose by 2%.
What The Data Shows
The stock opened at $12.62, a 0.8% gap down from the prior close of $12.72. It traded as low as $10.50 at 9:15 AM ET before closing near $11.03. Volume was approximately 0.2 million shares, which is 0.2 times the three-month daily average. The stock printed a fresh 52-week low on November 3, 2026.
Fundamentals show a market capitalization of $2.0 billion and a P/E ratio of 12.9. Revenue grew 15.3% on a trailing twelve-month basis, with a net margin of 8.6%. The stock has a beta of 0.96 and a 52-week range of $9.80 to $17.30. Over the last eight sessions prior to today, the stock had gained 7.6%.
What To Watch
Investors will monitor the timing of the delayed third-quarter earnings call and the subsequent filing of the Form 10-Q. Analysts will likely reassess price targets following the lowered fiscal 2026 adjusted EPS outlook.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
DRVN · today's session (5-min) · -10.61% vs prior close · updated 3:02 PM ETAI sentiment, last 36h · averaged over 6 stories · 42/100 bearish
The headlines behind the move
Story flow · 6 stories on the wire, last 36h · hover or tap a dot for the headline
7h agoSEC 8-KNEUTRAL 50General
Driven Brands Holdings Inc. (DRVN) files 8-K
Filed: 2026-11-03 AccNo: 0001628280-26-069090 Size: 220 KB Item 2.02: Results of Operations and Financial Condition Item 4.02: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review Item 9.01: Financial Statements and Exhibits
7h agoGuruFocusBEARISH 38General
Driven Brands (DRVN) Revises 2026 Outlook Amid Increased Restatement Costs
Driven Brands lowers FY26 adjusted EPS view $1.10-$1.20 from $1.15-$1.25
8h agoThe FlyBULLISH 61Earnings
Driven Brands Reports Preliminary Q3 Driven Brands Sss Up 2
8h agoStockTitanBEARISH 34Earnings
Driven Brands Announces Financial Restatement; Provides Update on Third Quarter 2026 Performance and Revises Fiscal Year 2026 Outlook
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