Driven Brands Faces Class Action Over Financial Restatement

Robbins LLP has filed a class action lawsuit against Driven Brands on behalf of investors who purchased its common stock between May 9, 2023, and February 24, 2026. The lawsuit alleges that Driven Brands made material errors in its previously issued consolidated financial statements for fiscal years 2023 and 2024, and quarterly periods through September 27, 2025. These errors primarily relate to lease recording, cash balance reporting, revenue overstatements, and expense understatements. On February 25, 2026, Driven Brands announced that its financial statements should not be relied upon and require restatement, leading to a nearly 40% drop in its stock price. The lawsuit seeks to recover losses for affected shareholders.