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NEW YORK - Valvoline Inc . (NYSE:VVV) reported second-quarter earnings and revenue that fell short of analyst expectations on Thursday.
The company’s shares were down 3.67% in pre-market trading following the release of the Q2 results.
The automotive maintenance company posted adjusted earnings per share of $0.34, missing the consensus estimate of $0.36. Revenue came in at $403.2 million, just above analyst projections of $403.11 million but still disappointing investors.
Valvoline’s system-wide same-store sales grew 8% year-over-year in Q2, driven by balanced contributions from both ticket and transaction growth. The company added 35 net new stores during the quarter, bringing its total system-wide store count to 2,045.
"We delivered Q2 financial results in line with our expectations," said Lori Flees, Valvoline’s CEO and President. "We added 35 net new stores and closed a transaction to refranchise certain Texas markets."
Despite the earnings miss, Valvoline maintained its full-year 2025 guidance. The company expects system-wide same-store sales growth of 5-7% and plans to add 160-185 new stores. Full-year revenue is projected between $1.67 billion and $1.73 billion, with adjusted EBITDA of $450 million to $470 million.
"We remain positioned to deliver strong and durable growth in fiscal year 2025 and beyond," Flees added.
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