Did You Invest in Driven Brands (DRVN)? Kehoe Law Firm, P.C.
Driven Brands Driven Brands (US:DRVN) TMX Newsfile·2026-02-25 14:45

Core Viewpoint - Driven Brands Holdings Inc. is facing potential securities fraud claims due to material errors in its previously issued financial statements, leading to a significant stock price drop [2][3]. Group 1: Financial Reporting Issues - The Audit Committee of Driven Brands concluded that there were material errors in the consolidated financial statements for the fiscal years ended December 28, 2024, and December 30, 2023, necessitating a restatement [2]. - The Company indicated that the Report of its Independent Registered Public Accounting Firm on the financial statements and internal control over financial reporting should not be relied upon [2]. Group 2: Market Reaction - Following the announcement of the financial reporting issues, Driven Brands' stock price fell by more than 36% in pre-market trading on February 25, 2026 [3].