Q2 26 EPS
$0.41
BEAT +19.15%
Est. $0.34
Q2 26 Revenue
$503.8M
BEAT +1.75%
Est. $495.1M
vs S&P Since Q2 26
+7.5%
BEATING MARKET
VVV +9.5% vs S&P +1.9%
Market Reaction
Did VVV Beat Earnings? Q2 2026 Results
Valvoline posted a standout second quarter of fiscal 2026, with adjusted earnings per share of $0.41 beating the $0.34 consensus estimate by 19.15% and revenue of $503.80 million clearing expectations by 1.75% while growing 24.9% year over year. The … Read more Valvoline posted a standout second quarter of fiscal 2026, with adjusted earnings per share of $0.41 beating the $0.34 consensus estimate by 19.15% and revenue of $503.80 million clearing expectations by 1.75% while growing 24.9% year over year. The primary engine behind that top-line surge was the Breeze Autocare acquisition, which folded roughly 210 stores into the company-operated network and helped lift system-wide same-store sales by 8.2%, pushing adjusted EBITDA up 28% to $133.60 million. The integration appears to be gaining traction, with a director's open-market stock purchase shortly after results adding a note of insider confidence to the picture. Despite net interest expense nearly doubling to $27.70 million as the company services the debt taken on for Breeze, free cash flow swung sharply positive to $45.00 million from negative $12.20 million a year ago. Management responded to the momentum by raising full-year guidance, lifting adjusted EPS to $1.65-$1.75 and adjusted EBITDA to $540-$560 million, while nudging same-store sales growth expectations to 5%-6.5%.
Key Takeaways
- • System-wide same-store sales growth of 8.2%, accelerating from 5.8% in prior year
- • 25% net revenue growth driven by organic performance and Breeze Autocare acquisition contribution
- • Strong in-store productivity and improved SG&A leverage driving margin expansion
- • Adjusted EBITDA margin expanded to 26.5% from 25.9% year over year
- • 29 net new store additions in the quarter (14 company-operated, 15 franchise)
- • System-wide store count grew 15.9% year over year to 2,409 stores
VVV Forward Guidance & Outlook
Valvoline updated its fiscal 2026 full-year guidance: system-wide SSS growth raised to 5%–6.5% (from 4%–6%); system-wide store additions unchanged at 330–360; net revenues unchanged at $2.0–$2.1 billion; adjusted EBITDA raised to $540–$560 million (from $525–$550 million); adjusted EPS raised to $1.65–$1.75 (from $1.60–$1.70); capital expenditures unchanged at $250–$280 million.
VVV YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
VVV Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered a strong second quarter with results that reflect our focus on driving the full potential of the core business. Top-line sales grew 25% underpinned by system-wide same-store sales growth of 8.2% and the contribution from new stores, including Breeze, which is performing well as we continue to execute against our integration plans. We also delivered strong profit growth and margin expansion this quarter by maintaining high productivity in our stores and improving SG&A leverage.”
— Lori Flees, Q2 2026 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% |