Valvoline (VVV) Misses Q2 EPS by 2c
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Valvoline Reports Second-Quarter Results
May 9, 2022 5:00 PM EDTReported net income of $81 million grew 19% and earnings per diluted share (EPS) of $0.45 increased 22%Adjusted EPS of $0.48 was flat and adjusted EBITDA of $158 million improved 1%Sales grew 26% to $886 million driven by strong demand and pricing actionsRetail Services sales grew 23% with system-wide same-store sales (SSS) increasing 13.1% and net system-wide unit additions of 7%Global Products sales increased 29% primarily driven by volume growth of 9% and pricing actionsReturned $57Â million in cash to shareholders via dividends and share repurchasesReiterates full-year guidance for adjusted EBITDA of $675 to $700 million and adjusted EPS of $2.07... More
