Valvoline reports Q2 adjusted EPS 41c, consensus 34c

Reports Q2 revenue $504M, consensus $495.11M. Reports Q2 System-wide same store sales growth of 8.2%. “We delivered a strong second quarter with results that reflect our focus on driving the full potential of the core business,” said Lori Flees, President & CEO. “Top-line sales grew 25% underpinned by system-wide same-store sales growth of 8.2% and the contribution from new stores, including Breeze, which is performing well as we continue to execute against our integration plans. We also delivered strong profit growth and margin expansion this quarter by maintaining high productivity in our stores and improving SG&A leverage.”