New York, New York–(Newsfile Corp. – September 4, 2023) – Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Driven Brands Holdings Inc. (“Driven Brands” or “the Company”) (NASDAQ: DRVN). Investors who purchased Driven Brands securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/drvn.
The investigation concerns whether Driven Brands has violated federal securities laws.
On August 2, 2023, Driven Brands announced weak second quarter 2023 results and issued weaker than expected third quarter 2023 guidance and lowered full year 2023 guidance. During the earnings call, management blamed increased competition in the car wash business over the prior two years. In addition, management said it is now “a few quarters behind” integrating the two auto glass acquisitions.
On this news, Driven Brands’ stock price fell $10.63 per share, or 41.15%, to close at $15.20 per share on August 2, 2023.
If you are aware of any facts relating to this investigation or purchased Driven Brands securities, you can assist this investigation by visiting the firm’s site: www.bgandg.com/drvn. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | email@example.com
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