Valvoline Inc. reported second quarter fiscal year 2025 results with sales of $403 million, a 4% increase, and system-wide store sales growth of 11% to $826 million. Reported income from continuing operations and EPS declined, while adjusted EBITDA and Adjusted EPS also saw declines, primarily due to the impact of refranchising. The company added 33 net new stores during the quarter and reiterated its full-year guidance.
Sales of $403 million grew 4% year-over-year.
System-wide store sales grew 11% to $826 million.
Reported income from continuing operations of $38 million declined 12%.
Adjusted EPS of $0.34 decreased 8% primarily driven by the impact of refranchising.
Valvoline is confident in achieving its target of 160 to 185 new store additions for the full year fiscal 2025 and is reiterating its full-year guidance. The company is focused on its growth strategy, accelerating network growth, and innovating to meet customer needs.