Business OperationsStruggles in the company’s capital-intensive businesses such as Car Wash continue to overshadow strength in DRVN’s asset-light, franchised Maintenance business, which generates superior cash flows.
Financial PerformanceDriven Brands reported mixed results, with sales approximately 1% below consensus.
Market ExpectationsThe company revised its guidance based primarily on continued softness in its U.S. Car Wash business, collision industry trends and macroeconomic uncertainty.