Valvoline Non-GAAP EPS of $0.46 beats by $0.04, revenue of $435.5M beats by $3.03M

seekingalpha
19 Nov 2024
  • Valvoline press release (NYSE:VVV): Q4 Non-GAAP EPS of $0.46 beats by $0.04.
  • Revenue of $435.5M (+11.7% Y/Y) beats by $3.03M.
  • Store count increased nearly 9% YoY, bringing system-wide total to 2,010
  • Sales from continuing operations of $436 million grew 12%, driven by system-wide SSS growth of 5.4%, including the impact from the Crowdstrike outage and hurricanes that occurred during the quarter
  • Information regarding the Company's outlook for fiscal 2025 is provided in the table below:

    Fiscal 2024

    As Reported

    Fiscal 2024

    Pro Forma

    Fiscal 2025 Outlook

    System-wide SSS growth

    6.7 %

    7.1 %

    5 %

    7 %

    System-wide store additions

    158

    158

    160

    185

    Net revenues

    $1.62 billion

    $1.52 billion

    $1.67

    $1.73 billion

    Adjusted EBITDA

    $443 million

    $419 million

    $450

    $470 million

    Capital expenditures

    $224 million

    $210 million

    $230

    $250 million

    Adjusted EPS

    $1.57

    $1.45

    $1.57

    $1.67

    Share repurchases

    $227 million

    $227 million

    $40

    $70 million

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