Valvoline (VVV) Misses Q3 EPS by 3c, Trims FY EPS Guidance
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Valvoline Reports Third-Quarter Fiscal 2018 Results
August 1, 2018 5:00 PM EDTFor the quarter, Valvoline Instant Oil Change (VIOC) delivers system-wide same-store sales (SSS) growth of 7.9 percent, Core North America premium mix increases 470 basis points and International volume grows 1 percent, including unconsolidated joint ventures, with a 9 percent increase in the high-growth emerging markets of China and India
Reported net income of $64 million and earnings per diluted share (EPS) of $0.33 Adjusted EPS grew 10% to $0.32, while adjusted EBITDA grew 3% to $115 million Sales grew 8% to $577 million while lubricant volume was flat at 46.0 million gallons VIOC system-wide SSS grew 7.9%... More