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LEXINGTON, Ky. - On Wednesday, Valvoline Inc. (NYSE:VVV) reported fourth-quarter results that missed analyst expectations but issued stronger-than-expected revenue guidance for fiscal 2026.
The automotive maintenance provider’s shares gained 2.01% in pre-market trading after the results.
The company reported adjusted earnings per share of $0.45 for the fourth quarter, falling short of analyst estimates of $0.47. Revenue came in at $454 million, slightly below the consensus estimate of $455.79 million. Despite these misses, the company delivered solid system-wide same-store sales growth of 6.0% in the quarter.
For fiscal 2026, Valvoline projected revenue between $2.0 billion and $2.1 billion, exceeding analyst expectations of $1.91 billion. However, its earnings guidance of $1.60 to $1.70 per share fell below the consensus estimate of $1.88.
"Fiscal 2025 was another year of compelling growth and delivery of our financial targets. We continue to advance our strategic priorities and create long-term value for our shareholders," said Lori Flees, President and CEO.
The company’s system-wide store sales increased 11% to $918 million in the fourth quarter, while adjusted EBITDA rose 5% to $130.1 million. For the full fiscal year, Valvoline reported sales of $1.7 billion, up 6% from the previous year, or 12% when considering the impact of refranchising.
Valvoline also announced it received FTC approval for its acquisition of Breeze Autocare, with plans to close the transaction on December 1. The company will acquire 162 stores at a net purchase price of $593 million after divesting 45 stores.
"We are well positioned as we enter fiscal 2026 to deliver strong top- and bottom-line growth," Flees added.
The company ended the fiscal year with 2,180 system-wide stores, representing an 8% increase year-over-year, with 56 net store additions in the fourth quarter alone.
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