Driven Brands to Restate Financial Statements; Lowers 2026 Adjusted EPS Outlook

08:43 AM EST, 11/03/2026 (MT Newswires) -- Driven Brands (DRVN) will restate financial statements after identifying material errors in previously issued statements for 2023 through 2025 and quarterly periods through June 2026, primarily related to fixed-asset accounting, the company said Tuesday. The company also lowered its 2026 adjusted diluted earnings per share outlook to $1.10 to $1.20 from $1.15 to $1.25, while maintaining its revenue guidance at $1.95 billion to $2.05 billion. Analysts polled by FactSet expect $1.20 and $2.01 billion, respectively. Driven Brands expects at least $50 million in restatement-related costs in 2026, up from its previous expectation of $35 million to $45 million. The company did not provide a set timeline for the restatement completion. Driven Brands shares were down 8.8% in premarket activity.