Driven Brands Authorizes $50 Million Share Repurchase Program

Published on August 23, 2023

Driven Brands Holdings Inc. (NASDAQ: DRVN) announced that its Board of Directors has authorized the Company, at its discretion, to repurchase up to $50 million of its common shares outstanding through March 31, 2025. The share repurchase will be funded through a combination of cash on hand, cash flow from operations, and the Company’s revolving line of credit.

“This share repurchase authorization reflects our confidence in the business and our commitment to enhancing shareholder returns while we continue to invest in our growth initiatives,” said Jonathan Fitzpatrick, President and Chief Executive Officer.

Share repurchases under the authorization may be effected

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The post Driven Brands Authorizes $50 Million Share Repurchase Program appeared first on CollisionWeek.

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