Valvoline Reports Second-Quarter Results, Raises Fiscal 2021 Guidance
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Valvoline (VVV) Tops Q2 EPS by 9c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
April 28, 2021 5:02 PM EDTValvoline (NYSE: VVV) reported Q2 EPS of $0.46, $0.09 better than the analyst estimate of $0.37. Revenue for the quarter came in at $701 million versus the consensus estimate of $658.26 million.
"We continue to see healthy demand and loyalty to our brand from consumers and customers," said Sam Mitchell, CEO of Valvoline. "Quick Lubes had record 20% system-wide same-store sales growth and improved margins for the quarter, and International saw robust volume, top-line and earnings growth. Core North America generated top-line growth and continued to provide significant... More
