Valvoline Inc. Reports Strong Q3 Growth and Expansion

Valvoline Inc ( (VVV) ) has released its Q3 earnings. Here is a breakdown of the information Valvoline Inc presented to its investors.

Valvoline Inc., a leader in preventive automotive maintenance, operates over 2,100 service centers across the U.S. and Canada, offering quick and trusted services such as oil changes and other maintenance tasks.

In its third-quarter earnings report, Valvoline Inc. announced a robust financial performance with sales reaching $439 million, marking a 4% increase from the previous year. The company also expanded its footprint by adding 46 new stores, reflecting its strategic growth initiatives.

Key financial highlights include a 10% growth in system-wide store sales to $890 million and a 4.9% increase in same-store sales. The company reported an 18% rise in income from continuing operations, amounting to $57 million, and a 19% increase in earnings per diluted share to $0.44. Adjusted EBITDA saw a 5% rise, reaching $130 million, with a notable impact from refranchising activities.

Looking ahead, Valvoline remains optimistic about its performance for the remainder of the fiscal year. The company has narrowed its guidance ranges, expecting system-wide same-store sales growth between 5.8% and 6.4% and net revenues to range from $1.69 billion to $1.72 billion. This outlook underscores Valvoline’s confidence in its durable business model and commitment to delivering long-term shareholder value.