2023-05-18 09:19:47 ET
Driven Brands ( NASDAQ: DRVN ) reiterated its full-year forecasts on Thursday, while rescheduling its investor day to the fall.
The investor event was initially scheduled for May 23, but was shifted to September on Thursday.
“The change in timing is primarily due to the Company's recent CFO transition. As previously announced, Gary W. Ferrera was appointed as Chief Financial Officer, effective May 10, 2023, bringing approximately 20 years of financial leadership experience and M&A expertise to Driven Brands,” the company said. “In light of this, the Company believes it is appropriate to postpone its Investor Day to enable the management team to consider additional upside potential in the business.”
In the meantime, revenue guidance of approximately $2.35B, adjusted EBITDA of approximately $590M, and adjusted EPS of $1.21 was reiterated. The guidance was previously offered in early May .
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Driven Brands reiterates guidance, reschedules investor day