Valvoline(US:VVV)2024-08-07 13:01Financial Performance - Net sales reached $421.4 million, reflecting a 12.0% increase[5] - Adjusted EBITDA was $123.2 million, with an adjusted EBITDA margin of 29.2%[5] - Adjusted EPS increased by 4.7% to $0.45[5] - System-wide store sales grew by 12.4% to $808.5 million[5] Store Network Growth - The company added 33 new stores in Q3, bringing the total system locations to 1,961[5] - System-wide same-store sales grew by 6.5%[5] - The company surpassed $3 billion in system-wide store sales over the last 12 months[18] Capital Allocation - Over 85% of total capital expenditure was deployed to growth capex, amounting to $56 million[5] - The company authorized a $400 million share repurchase program in July 2024[5] Financial Position - Cash and cash equivalents totaled $65.7 million[13] - Total debt stood at $1,149.5 million[13] Fiscal Year 2024 Guidance - The company projects same-store sales growth of 6% - 8%[17] - Net revenues are expected to be between $1.6 billion and $1.65 billion[17] - Adjusted EBITDA is projected to be in the range of $430 million to $455 million[17]