Driven Brands backs FY24 adjusted EPS view 88c-$1.00, consensus $1.02

Backs FY24 revenue view $2.35B-$2.45B, consensus $2.36B. Backs FY24 adjusted EBITDA view $535M-$565M. The company said, “The Company is re-affirming its prior outlook; the following reflects the impact of sale of our Canadian distribution business, which is expected to reduce full-year revenue by approximately $18 million and adjusted EBITDA by approximately $6 million.”