Q4 24 EPS
$0.46
BEAT +9.19%
Est. $0.42
Q4 24 Revenue
$435.5M
BEAT +0.70%
Est. $432.5M
vs S&P Since Q4 24
-29.0%
TRAILING MARKET
VVV -2.5% vs S&P +26.5%
Full Year 2024 Results
FY 24 EPS
$1.57
FY 24 Revenue
$1.62B
Market Reaction
Did VVV Beat Earnings? Q4 2024 Results
Valvoline closed out fiscal 2024 on a strong note, posting fourth-quarter adjusted earnings of $0.46 per share, beating the $0.42 consensus estimate by 9.19%, while revenue of $435.50 million edged past expectations and grew 11.7% year-over-year. The… Read more Valvoline closed out fiscal 2024 on a strong note, posting fourth-quarter adjusted earnings of $0.46 per share, beating the $0.42 consensus estimate by 9.19%, while revenue of $435.50 million edged past expectations and grew 11.7% year-over-year. The beat was anchored by a combination of nearly 9% store count expansion and system-wide same-store sales growth of 5.4%, even as the quarter absorbed headwinds from the CrowdStrike outage and hurricane disruptions. Adjusted EBITDA for the quarter climbed 14% to $124.10 million, with margin expanding 50 basis points to 28.5%, reflecting the operating leverage embedded in Valvoline's growing service network. The company is also leaning further into its franchise-centric model, having recently announced plans to refranchise 38 stores in Texas to a new franchise partner, part of a broader refranchising push that converted 28 stores during the quarter. Looking ahead, management guided fiscal 2025 net revenues of $1.67 billion to $1.73 billion, with adjusted EPS of $1.57 to $1.67, projecting 160 to 185 net new store additions and same-store sales growth of 5% to 7%.
Key Takeaways
- • System-wide same-store sales growth of 5.4% in Q4 and 6.7% for the full year
- • Store count growth of nearly 9% year-over-year, reaching 2,010 system-wide stores
- • 158 net new store additions in fiscal 2024, with over half from ground-up builds
- • Adjusted EBITDA margin expansion of 100 bps to 27.3% for the full year
- • Over 28 million services completed annually system-wide
VVV YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
VVV Revenue by Segment
With YoY comparisons, source: SEC Filings
“During fiscal 2024 our more than 11,000 team members and strong franchise partners worked diligently to provide over 28 million services with the best possible customer experience to help our guests keep their cars safe and on the road. Fiscal 2024 was another year of compelling top and bottom-line growth with net sales increasing 12% and adjusted EBITDA growing 17%, while delivering our 18th consecutive year of system-wide same store sales growth.”
— Lori Flees, Q4 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% |