earnings
confidence high
sentiment positive
materiality 0.75
Valvoline Q3 sales +12% to $421M, system-wide SSS +6.5%, adds 33 stores, refranchises 17
VALVOLINE INC
2024-Q3 EPS reported
$0.91
revenue$1,183,500,000
- Net revenues $421.4M (+12% YoY); system-wide same-store sales grew 6.5%.
- Income from continuing operations $48.2M (-25% YoY) due to lower interest income; GAAP EPS $0.37 (-7.5%).
- Adjusted EBITDA $123.2M (+11.6%); adjusted EPS $0.45 (+4.7%) reflecting underlying operational gains.
- Added 33 stores in Q3 (15 franchised, 18 company-operated); system-wide store count reached 1,961.
- Refranchised 17 company-owned stores in July 2024 to accelerate capital-efficient network growth.