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Q2 25 EPS
$0.34
MISS 5.74%
Est. $0.36
Q2 25 Revenue
$403.2M
MISS 0.40%
Est. $404.8M
vs S&P Since Q2 25
-17.1%
TRAILING MARKET
VVV +15.0% vs S&P +32.1%
Market Reaction
Did VVV Beat Earnings? Q2 2025 Results
Valvoline delivered a modest miss on both the top and bottom lines in its fiscal second quarter of 2025, with adjusted EPS of $0.34 falling short of the $0.36 consensus estimate by 5.74% and revenue of $403.20 million coming in just 0.40% below expec… Read more Valvoline delivered a modest miss on both the top and bottom lines in its fiscal second quarter of 2025, with adjusted EPS of $0.34 falling short of the $0.36 consensus estimate by 5.74% and revenue of $403.20 million coming in just 0.40% below expectations, though still up 3.7% year-over-year. The headline numbers, however, obscure a more nuanced story: an aggressive refranchising push, in which the company converted dozens of company-operated stores to franchise locations in recent quarters, structurally pressures reported revenue and EBITDA while shifting the mix toward royalty income. Adjusting for those transactions, net revenues would have grown 11% and adjusted EBITDA of $104.40 million would have risen 6%, rather than the reported 1% decline. System-wide same-store sales grew 5.8%, and the store count reached 2,078, up 7.8% year-over-year. Management reiterated full-year guidance and its target of 160 to 185 new store additions for fiscal 2025, and Valvoline is scheduled to present at upcoming investor conferences in early June.
Key Takeaways
- • System-wide same-store sales growth of 5.8%
- • System-wide store sales grew 11% to $826 million
- • Net store additions of 33 in Q2 (18 company-operated, 15 franchise)
- • System-wide store count grew 7.8% year-over-year to 2,078
- • Refranchising transactions impacted reported revenue and EBITDA comparisons; adjusted for refranchising, net revenues grew 11% and adjusted EBITDA grew 6%
- • Company-operated SSS growth of 4.8%, franchised SSS growth of 6.6%
VVV YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
VVV Revenue by Segment
With YoY comparisons, source: SEC Filings
“For the second quarter, the business performed in line with our expectations and we are encouraged by the resiliency of our business in light of the uncertain macro and tariff environment. We have moved quickly to mitigate any meaningful headwinds of potential tariff impacts and continue to stay close to the evolving trade policies. We are reiterating guidance for fiscal year 2025.”
— Lori Flees, Q2 2025 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% |