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The latest announcement is out from Valvoline ( (VVV) ).
Valvoline reported robust financial results for the first quarter ended December 31, 2024, with an 11% increase in sales and substantial growth in system-wide store sales. The company also added 35 stores during the quarter and completed a significant refranchising transaction, which contributed to a 177% increase in income from continuing operations. Valvoline’s strategy includes expanding its store network, aiming for over 3,500 locations, and leveraging its business model to sustain profit growth, thereby enhancing its market position.
More about Valvoline
Valvoline Inc., listed on the NYSE as VVV, is a leading company in preventive automotive maintenance. It focuses on providing quick and reliable services through a network of company-operated and franchised stores.
YTD Price Performance: 2.79%
Average Trading Volume: 1,498,675
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.73B
For detailed information about VVV stock, go to TipRanks’ Stock Analysis page.
