Driven Brands (DRVN) Nosedives 30% as Firm Calls Off Earnings Release

We recently published 10 Stocks Left Behind in a Roaring Market. Driven Brands Holdings Inc. (NASDAQ:DRVN) was one of the worst performers on Wednesday.

Driven Brands extended its losing streak to a third consecutive day on Wednesday, slashing 30.16 percent to close at $11.60 apiece, as investors turned cautious after it called off the release of its earnings performance for last year and reinstated other financial statements.

The company was supposed to hold an earnings call before market open on the same day. However, it called off the meeting after announcing in a separate filing that it saw material errors in its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date periods ending September 2025, June 2025, and March 2025.

Driven Brands Holdings Inc. (NASDAQ:DRVN) said that certain errors were identified relating to the completeness and accuracy of recording leases; unreconciled differences for cash accounts; as well as supply and other expense classifications; among others.

For full-year 2025, Driven Brands Holdings Inc. (NASDAQ:DRVN) is targeting revenues between $2.10 billion and $2.12 billion, or an implied decline of 7.8 percent to 8.7 percent year-on-year.

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