On Tuesday, Driven Brands Holdings Inc. ( DRVN ) reported fourth-quarter results and announced a transition of its Chief Executive Officer (CEO) and the sale of its U.S. car wash business. Quarterly Results: The company reported adjusted EPS of 30 cents, surpassing the 18 cents estimate, while sales reached $564.1 million, falling short of the consensus of $572.2 million. Revenue...

Solventum Corp ( SOLV ) shares are trading higher Tuesday after the company announced it will sell its purification and filtration business to Thermo Fisher for $4.1 billion in cash. What To Know: The deal, expected to close by the end of 2025 pending regulatory approvals, will provide Solventum ( SOLV ) with approximately $3.4 billion in net proceeds, which...

Feb 25 (Reuters) - Instacart forecast first-quarter gross transaction value (GTV) above Wall Street estimates on Tuesday, betting on efforts to add low-and-no-cost delivery options to drive spending on its online grocery delivery platform. Consumers have been increasingly opting to shop online for products ranging from grocery to home furnishing items on their mobile devices helping delivery firms including Instacart....

Feb 25 (Reuters) - Electric vehicle maker Lucid Group ( LCID ) said on Tuesday its Chief Executive Officer Peter Rawlinson will step down from the role. ...