VVV · Valvoline Inc.

Valvoline delivered a strong second quarter, with net revenues rising 25% to $504 million, driven by 8.2% system-wide same-store sales growth and contributions from new stores, including the Breeze acquisition. Adjusted EBITDA grew 28% to $134 million, reflecting margin expansion from high store productivity and improved SG&A leverage. Management highlighted resilient customer demand and strong execution. The company raised its full-year guidance: adjusted EBITDA now expected between $540-$560 million (up from $525-$550 million) and adjusted EPS of $1.65-$1.75 (up from $1.60-$1.70). System-wide store additions remain at 330-360. The Breeze integration is performing well, and the company continues to execute its growth strategy. The results underscore Valvoline's ability to drive profitable growth through its core business and network expansion.