Q2 24 EPS
$0.37
BEAT +5.71%
Est. $0.35
Q2 24 Revenue
$388.7M
MISS 0.40%
Est. $390.3M
vs S&P Since Q2 24
-53.7%
TRAILING MARKET
VVV -9.5% vs S&P +44.2%
Market Reaction
Did VVV Beat Earnings? Q2 2024 Results
Valvoline posted a solid second quarter for fiscal 2024, nudging past Wall Street's earnings expectations while falling just shy on revenue, as the company's pure-play automotive services transformation continued to gain traction. The Louisville-base… Read more Valvoline posted a solid second quarter for fiscal 2024, nudging past Wall Street's earnings expectations while falling just shy on revenue, as the company's pure-play automotive services transformation continued to gain traction. The Louisville-based quick-lube operator earned $0.37 per share, ahead of the $0.35 consensus by 5.71%, even as revenue of $388.70 million came in 0.40% below the $390.25 million estimate, though the top line still represented 12.8% growth year-over-year. The clearest engine behind the outperformance was margin expansion, with adjusted EBITDA climbing 21% to $105.10 million and the adjusted EBITDA margin widening to 27.0% from 25.3% a year earlier, fueled by disciplined labor management and improved service delivery across a network that added 38 net stores in the quarter to reach 1,928 system-wide locations. Valvoline also narrowed its fiscal 2024 outlook, guiding net revenues to $1.60 to $1.65 billion and adjusted EPS to $1.45 to $1.65, reflecting growing confidence in the back half even as the company works to remediate a disclosed ERP-related material weakness.
Key Takeaways
- • System-wide same-store sales growth of 7.7%
- • 13% year-over-year revenue growth from continuing operations
- • 38 net store additions in Q2 (24 company-operated and 14 franchised)
- • Adjusted EBITDA margin expansion to 27.0% from 25.3% year-over-year
- • Focus on employee training and retention improving service delivery
- • Labor cost management contributing to profit growth
VVV YoY Financials
Q2 2024 vs Q2 2023, source: SEC Filings
VVV Revenue by Segment
With YoY comparisons, source: SEC Filings
“The second quarter saw growth of 7.7% in system-wide same-store sales, while adjusted EBITDA increased 21%. We delivered network growth of 38 net store additions this quarter, 14 of which came from our franchise partners.”
— Lori Flees, Q2 2024 Earnings Press Release
VVV Earnings Trends
VVV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
VVV EPS Trend
Earnings per share: estimate vs actual
VVV Revenue Trend
Quarterly revenue: estimate vs actual
VVV Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.34 | $0.41 | +19.15% | $503.8M | +1.75% |
| Q1 26 BEAT | $0.33 | $0.37 | +13.60% | $461.8M | +0.17% |
| Q4 25 MISS FY | $0.47 | $0.45 | -4.32% | $453.8M | -0.20% |
| FY Full Year | $1.61 | $1.59 | -1.43% | $1.71B | -0.03% |
| Q3 25 BEAT | $0.45 | $0.47 | +3.71% | $439.0M | +0.60% |
| Q2 25 MISS | $0.36 | $0.34 | -5.74% | $403.2M | -0.40% |
| Q1 25 BEAT | $0.30 | $0.32 | +7.17% | $414.3M | +3.63% |
| Q4 24 BEAT FY | $0.42 | $0.46 | +9.19% | $435.5M | +0.70% |
| FY Full Year | — | $1.57 | — | $1.62B | — |
| Q2 24 BEAT | $0.35 | $0.37 | +5.71% | $388.7M | -0.40% |