The Driven Brands Holdings board of directors has authorized the company, at its discretion, to repurchase as much as $50 million of its common shares outstanding through March 31, 2025. Share repurchases 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,” stated Jonathan Fitzpatrick, president and CEO.
