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Valvoline (VVV) investor relations material
Valvoline Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
System-wide store sales reached $3.5 billion, up 11%, with 19 consecutive years of same-store sales growth and 170 net new stores, bringing the total to 2,180 across the U.S. and Canada.
Achieved net revenues of $1.7 billion for FY2025, up 12% year-over-year, and adjusted EBITDA of $467 million, up 11%.
Adjusted EPS was $1.59, up 8%, at the low end of guidance; capital expenditures exceeded range due to timing and mix of new stores.
Net income from continuing operations was $215 million for the year; Q4 income was $26 million.
Committed to delivering compelling growth in fiscal 2026 and beyond, leveraging network expansion and innovation.
Financial highlights
Q4 net sales grew to $454 million, up 4% reported and 10% adjusted for refranchising; full-year net sales were $1.7 billion, up 12%.
System-wide same-store sales increased 6.1% for the year, with over 13% growth on a two-year stack.
Adjusted EBITDA margin for FY2025 was 27.3%; Q4 margin was 28.7%.
Gross margin for the year was 38.5%, up 30 bps year-over-year; Q4 gross margin rate was 39.1%.
Returned $60 million to shareholders via share repurchases.
Outlook and guidance
Fiscal 2026 guidance (including Breeze acquisition): net revenues of $2.0–$2.1 billion, adjusted EBITDA of $525–$550 million, and adjusted EPS of $1.60–$1.70.
System-wide same-store sales growth expected at 4%–6%; 330–360 net store additions planned.
Sales expected to grow ~20% and EBITDA ~15% at midpoint, including Breeze acquisition.
CapEx projected at $250–$280 million for 2026.
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