Driven Brands faces securities class action after financial restatement disclosure triggers 30.16% drop

• Securities class actions target Driven Brands over alleged misstatements tied to financial reporting issues during May 3, 2023 to Feb. 24, 2026.
• Claims center on alleged accounting errors across multiple areas, including leases, cash flow presentation, revenue recognition, and expense classification.
• Audit Committee found material errors in previously issued financial statements for fiscal 2023 and 2024, plus first three quarters of fiscal 2025, triggering a restatement and a late Form 10-K filing for fiscal 2025.
• Company also identified material weaknesses in internal controls, concluding controls were not effective as of Dec. 27, 2025.
• Shares fell $5.01, or 30.16%, to $11.6 on Feb. 25, 2026, from $16.61 previous close.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Driven Brands Holdings Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202605040750ACCESSWRNAPR_____1163222) on May 04, 2026, and is solely responsible for the information contained therein.