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Why is Driven Brands Holdings Inc (DRVN) Stock down?

02 Aug, 2023:

Driven Brands (DRVN) shares dropped 41.15% due to an earnings miss. Revenue was $606.8 million, but profits fell short at $0.22 per share. Weak consumer demand impacted the company's car wash and windshield glass repair businesses, leading to lowered guidance with revenue expected at $2.3 billion and adjusted earnings per share around $0.92, 25% below previous estimates.

https://www.fool.com/investing/2023/08/02/why-driven-brands-stock-got-destroyed-today/

$55.11
price down icon 2.18%
auto_truck_dealerships VVV
$36.22
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auto_truck_dealerships ABG
$244.78
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auto_truck_dealerships GPI
$447.66
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auto_truck_dealerships AN
$185.25
price up icon 1.34%
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