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Dec 31, 2024
Valvoline Q1 2025 Earnings Report
Valvoline reported an 11% top-line growth, 8% system-wide SSS growth, and 35 store additions.
Key Takeaways
Valvoline Inc. reported strong first-quarter results with an 11% increase in sales, driven by an 8% system-wide same-store sales growth. The company added 35 stores and benefited from a $71 million pre-tax gain due to refranchising.
Sales grew by 11% to $414 million, driven by system-wide SSS growth of 8.0%.
System-wide store sales increased by 14% to $820 million.
Reported income from continuing operations grew by 177% to $94 million, with EPS increasing by 181% to $0.73, benefiting from refranchising.
The company opened 35 stores, including 14 new franchise stores.
Valvoline
Valvoline
Forward Guidance
Valvoline expects to be on track for full-year guidance, encouraged by the momentum of new and existing franchise partners following recent refranchising projects.