Valvoline Q2 EPS +74% on 13% revenue growth; system-wide SSS +7.7%

VALVOLINE INC

2024-Q2 EPS reported $0.56 revenue$762,100,000

Revenue from continuing ops $389M (+13%); reported EPS $0.33 (+74%), adjusted EPS $0.37 (+61%).
Adjusted EBITDA $105M (+21%); system-wide same-store sales up 7.7%.
Added 38 net stores (14 franchised, 24 company-operated); total system-wide stores 1,928.
Completed $1.6B share repurchase authorization after $40M in Q2 repurchases.
FY 2024 guidance narrowed for certain key metrics; store growth continues.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

VALVOLINE INC reported fiscal second quarter ended March 31, 2024 results: revenue $389 million, net income $43 million, EPS $0.33.

Period: fiscal second quarter ended March 31, 2024
Revenue: $389 million
Net income: $43 million
EPS: $0.33
Result: reported results

Exact text from the filing

Valvoline Inc. Reports Second Quarter Results Delivers 7.7% system-wide SSS growth and 38 net store additions • Sales from continuing operations of $389 million grew 13%, driven by system-wide same store sales (SSS) growth of 7.7% • Reported income from continuing operations of $43 million grew 32% and earnings per diluted share (EPS) of $0.33 increased 74%

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Source: SEC EDGAR

accession 0001674910-24-000062

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