Driven Brands Holdings Inc. reported strong Q1 2026 results, surpassing analyst expectations with an adjusted EPS of $0.30 versus $0.25 estimated, and revenue of $484.44 million, up 8% year-over-year. Growth was driven by a 6% rise in system-wide sales, a 5% increase in store count, and strong performance from its Take 5 Oil Change brand, which saw its 23rd consecutive quarter of same-store sales growth. The company also posted a net income of $23.80 million from continuing operations and is focused on reducing financial leverage, aiming to lower net leverage to 3x by the end of the year from the current 3.2x. This financial discipline is a priority for management as Driven Brands continues expanding its automotive service portfolio.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
