Valvoline

Valvoline (VVV) Q1 2025 Earnings

Reported Feb 6, 2025 at 7:00 AM ET · SEC Source

Q1 25 EPS

$0.32

BEAT +7.17%

Est. $0.30

Q1 25 Revenue

$414.3M

BEAT +3.63%

Est. $399.8M

vs S&P Since Q1 25

-26.4%

TRAILING MARKET

VVV -2.0% vs S&P +24.4%

Market Reaction

Did VVV Beat Earnings? Q1 2025 Results

Valvoline delivered a clean beat to open fiscal 2025, with adjusted diluted EPS of $0.32 topping the $0.30 consensus estimate by 7.17% and revenue of $414.30 million clearing expectations by 3.63% on 10.9% year-over-year growth. The top-line strength… Read more Valvoline delivered a clean beat to open fiscal 2025, with adjusted diluted EPS of $0.32 topping the $0.30 consensus estimate by 7.17% and revenue of $414.30 million clearing expectations by 3.63% on 10.9% year-over-year growth. The top-line strength was anchored by system-wide same-store sales growth of 8.0%, which management credited to a balanced mix of higher ticket prices and increased transaction volumes, a combination that lifted system-wide store sales to $820.30 million, up 14% from a year ago. Adjusted EBITDA rose 14% to $102.80 million, with margins edging to 24.8% from 24.2%, while a $71.00 million pre-tax refranchising gain from the sale of central and west Texas stores inflated GAAP results. The store network expanded to 2,045 locations, up 8.2% year-over-year, keeping the company on a trajectory toward its long-term target of 3,500-plus units. Management reaffirmed full-year guidance, citing encouraging momentum among new and existing franchise partners.

Key Takeaways

  • System-wide same-store sales growth of 8.0%, driven by balanced ticket and transaction growth
  • 11% net revenue growth year-over-year
  • 35 store additions during the quarter (14 franchise, 21 company-operated before refranchising)
  • $71 million pre-tax gain from refranchising transaction boosted reported earnings
  • Adjusted EBITDA margin expanded to 24.8% from 24.2%
  • System-wide store sales grew 14% to $820 million
24/7 Wall St

VVV YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

VVV Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q2 26

“We are pleased with the performance to start fiscal year 2025. Our resilient and differentiated business model continues to deliver double-digit profit growth fueled by strong and more balanced ticket and transaction contribution to same store sales growth.”

— Lori Flees, Q1 2025 Earnings Press Release