Valvoline(US:VVV)2025-05-08 13:34Financial Performance - System-wide store sales reached $826 million, an increase of 11%[7] - Net sales were $403 million, up by 11%[8] - Adjusted EBITDA was $104 million, a 6% increase[11] - Adjusted EPS increased by 3% to $034[10] Network Growth - Valvoline achieved 58% system-wide same store sales growth[15] - The company added 33 net new stores, including 15 franchise and 18 company-operated locations[12] - Total system locations reached 2,078, an 8% increase[13] Strategic Initiatives - Refranchising and new partnerships are expected to add over 20 stores in fiscal year 2025[22, 25] - The company is targeting 250 unit additions per year[22, 25] Fiscal Year 2025 Guidance - Valvoline reaffirms its fiscal year 2025 guidance[48] - The company expects same store sales growth between 5% and 7%[52] - System-wide store additions are projected to be between 160 and 185[52] - Adjusted EBITDA is expected to be between $450 million and $470 million[52] - Adjusted EPS is projected to be between $157 and $167[52]