Valvoline(VVV) - 2024 Q2 - Quarterly Results

Exhibit 99.1 "The second quarter saw growth of 7.7% in system-wide same-store sales, while adjusted EBITDA increased 21%," said Lori Flees, President & CEO. "We delivered network growth of 38 net store additions this quarter, 14 of which came from our franchise partners." Flees continued, "We also repurchased $40 million of shares in the second quarter which completes the$1.6 billion share repurchase authorization. This fulfills our commitment to return a substantial amount of the net proceeds from the sal ...