As Americans brace for cold temperatures and winter storms, it's important to prepare vehicles for extreme conditions LEXINGTON, Ky., Jan. 3, 2025 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, encourages drivers to prepare their vehicles as a polar vortex descends on much of the United States bringing severe winter weather conditions like freezing temperatures and heavy snowfall. To prepare vehicles for winter driving conditions, the compan ...

Core Viewpoint - Valvoline Inc. plans to refranchise 38 existing Valvoline Instant Oil Change service centers to Velocity Auto Care, enhancing its network growth strategy and customer convenience [1][2][3]. Group 1: Company Strategy - The refranchising initiative is part of Valvoline's strategic priority to accelerate network growth, allowing for more service centers to be available to customers [2]. - This transaction marks Valvoline's third refranchising effort, following two transactions in fiscal year 2024 that converted 28 company stores to franchise in Las Vegas and Denver [3]. Group 2: Franchise Partner - Velocity Auto Care, the new franchisee, is a wholly owned portfolio company of Franchise Equity Partners, which operates over 750 storefronts across 33 states [2]. - The partnership aims to deliver quick and trusted service to customers in central and west Texas, leveraging Valvoline's established brand recognition [3]. Group 3: Company Overview - Valvoline Inc. operates more than 2,000 service centers across the U.S. and Canada, completing over 28 million services annually, including oil changes and maintenance services [5]. - The company employs over 11,000 team members focused on growing the core business and expanding the retail network [5].

LEXINGTON, Ky., Oct. 28, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that it plans to report financial results for its fiscal fourth quarter on November 19, 2024. A live audio webcast with analysts and investors will also be held on November 19, 2024 at 9 a.m. ET.The webcast and slide presentation will be available on the company's Investor Relations website at http://investors.valvoline.com. Shortly after the call co ...

Company Overview - Valvoline Inc. is recognized as a leader in preventive automotive maintenance, with a focus on quick and easy service [3] - The company operates approximately 2,000 service centers across North America, providing a range of services including 15-minute stay-in-your-car oil changes, battery replacements, tire rotations, and other maintenance services [3] - In fiscal year 2023, Valvoline generated $1.4 billion in revenue from $2.8 billion in system-wide store sales, achieving 17 consecutive years of same-store sales growth [3] Franchise Performance - Valvoline Instant Oil Change ranked 40th in the Franchise Times Top 400, which is based on global systemwide sales from the previous year [1] - The ranking reflects the company's commitment to expanding its franchise network and providing quality support to franchise partners [1] - Over half of Valvoline's Instant Oil Change locations in the U.S. are franchised, indicating a strong franchise model [1] Customer Satisfaction - Valvoline Instant Oil Change has received a customer satisfaction rating of 4.6 out of 5 stars, based on a survey of over 900,000 customers annually [3][4] - The company has been recognized as a top-rated franchisor in its category by Entrepreneur and Franchise Times, highlighting its training excellence and franchise support [3]

Company Leadership Transition - Valvoline Inc. announces the planned retirement of Chief Financial Officer Mary Meixelsperger, who will continue in her role until a successor is hired and will assist during the transition period [1][2] - The company has initiated a comprehensive search for a successor, involving both internal and external candidates [1] Executive Contributions - CEO Lori Flees expressed gratitude for Meixelsperger's leadership and contributions, highlighting her role in building the company and her strategic insights [2] - Meixelsperger joined Valvoline in 2016, just before its initial public offering and spinoff from Ashland Global Holdings [2] Meixelsperger's Background - Prior to Valvoline, Meixelsperger served as CFO for DSW Inc. and Shopko Stores, and she is currently on the board of directors for Genesco Inc. and The Federal Reserve Bank of Cleveland [3] - She was recognized as one of the Top 50 Women Leaders of Kentucky in 2023 [3] Company Overview - Valvoline Inc. is a leader in automotive preventive maintenance, operating approximately 2,000 service centers in North America [4] - In fiscal year 2023, Valvoline delivered around 27 million services, generating $1.4 billion in revenue from $2.8 billion in system-wide store sales, marking 17 years of consecutive same-store sales growth [4]

Valvoline Inc. (VVV) recently announced that in September, it inaugurated its 2,000th location under the Valvoline Instant Oil Change and Great Canadian Oil Change brands. This broadens its network of service centers across the United States and Canada to 3,500. This company-run two-bay service center in Centerville, OH, is the sixth Valvoline Instant Oil Change location in the Dayton, OH, metro area. Valvoline Instant Oil Change is ranked #1 in automobile preventive maintenance service providers on Entrepr ...

Core Viewpoint - Valvoline Inc. is accelerating its growth by reaching the milestone of opening its 2,000th service center, aiming for a total of 3,500 locations across the United States and Canada [1][2]. Expansion and Growth - The 2,000th location is a new, company-operated, two-bay service center in Centerville, Ohio, marking the sixth Valvoline Instant Oil Change location in the Dayton metro area [2]. - Valvoline's network growth is supported by its franchise partners and internal teams, contributing to the company's expansion strategy [2]. Industry Recognition - Valvoline Instant Oil Change has been ranked 1 in automotive preventive maintenance service providers on Entrepreneur's Franchise 500® 2024 list and 11 on Forbes' Best Customer Service list [3]. - The Great Canadian Oil Change brand received the top ranking in J.D. Power's Canadian Customer Service Index for aftermarket service facilities [3]. Financial Performance - In fiscal year 2023, Valvoline's network delivered approximately 27 million services, generating $1.4 billion in revenue from $2.8 billion in system-wide store sales [4]. - The company has achieved 17 consecutive years of same-store sales growth across its network [4]. Company Overview - Valvoline Inc. operates approximately 2,000 service centers in North America, providing a range of services including oil changes, battery replacements, and tire rotations [4]. - The company is recognized for its training excellence and has been awarded the BEST Award multiple times, highlighting its commitment to quality service [4].

LEXINGTON, Ky., Oct. 1, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that Valvoline Great Canadian Oil Change ranks highest among aftermarket service facilities in J.D. Power's 2024 Canada Customer Service Index–Long-Term Study. "Our Great Canadian Oil Change team is honored to be recognized by the communities we proudly serve," said Lori Flees, Valvoline Inc. President & Chief Executive Officer. "It's important to us ...

Valvoline Inc. (VVV) reported earnings from continuing operations of 37 cents per share in third-quarter fiscal 2024 (ended Jun 30, 2024), down from the year-ago quarter's tally of 40 cents. Barring one-time items, adjusted earnings were 45 cents per share in the quarter, up from 43 cents a year ago. It missed the Zacks Consensus Estimate of 49 cents. Revenues Net sales increased around 12% year over year to $421.4 million in the quarter. The metric missed the Zacks Consensus Estimate of $422.4 million. Sys ...

Valvoline Inc. (NYSE:VVV) Q3 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Elizabeth Russell - IR Lori Flees - President and CEO Mary Meixelsperger - CFO Conference Call Participants Steven Zaccone - Citi Simeon Gutman - Morgan Stanley Peter Keith - Piper Sandler Mike Harrison - Seaport Global Research David Bellinger - Mizuho Lydia Huang - JPMorgan David Lantz - Wells Fargo Bret Jordan - Jefferies Jim Chartier - Monness Crespi Hardt Operator Hello all, and welcome to Valvolin ...