DRVN: Adjusted Numbers Didn't Match the Books -- LEVI & KORSINSKY, LLP Investigates

Core Viewpoint - Driven Brands Holdings Inc. experienced a significant decline in share value, dropping over 30% after announcing a delay in FY 2025 earnings and the need for restatement of prior fiscal results due to accounting errors [1] Financial Performance - CFO Mike Diamond projected adjusted EBITDA for FY 2025 to be between $525 million and $535 million, with adjusted diluted EPS expected to range from $1.23 to $1.28 [1] - The adjusted figures were based on financials that were later acknowledged by the company as incorrect, leading to the need for restatement [1] Market Reaction - The announcement of the restatement and earnings delay resulted in a single-day decline of more than one-third of Driven Brands' market value on February 25, 2026 [1]

Driven Brands -DRVN: Adjusted Numbers Didn't Match the Books -- LEVI & KORSINSKY, LLP Investigates - Reportify