Der X-News Explorer ist die ultimative Informationsquelle für börsenaffine Anleger, die sich schnell und komfortabel einen Überblick über die aktuelle Nachrichtenlage eines börsennotierten Unternehmens verschaffen möchten. Ihnen stehen hier verschiedene Newswire-Services zur Verfügung. Wird ein News-Alert angezeigt, liegen Unternehmensnachrichten vor, die Sie möglicherweise interessieren könnten. Dieser Service wird Ihnen von PR-Newswire bereitgestellt.
Company is 18th on Forbes "Best Customer Service 2025" Ranking
LEXINGTON, Ky., Jan. 6, 2025 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, has been recognized for providing excellent customer service as ranked by Forbes in its "Best Customer Service 2025" list. Valvoline was the top-ranked instant oil change company and placed 18th among the 300 brands included on the list.
As Americans brace for cold temperatures and winter storms, it's important to prepare vehicles for extreme conditions
LEXINGTON, Ky., Jan. 3, 2025 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, encourages drivers to prepare their vehicles as a polar vortex descends on much of the United States bringing severe winter weather conditions like freezing temperatures and heavy snowfall.
LEXINGTON, Ky., Nov. 21, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that the company will participate in a fireside chat at the Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 3, at 3:00 p.m. ET.
A live audio webcast will be available on Valvoline's investor relations website at http://investors.valvoline.com. Following the live event, an archived version of the webcast will be available on the website.
FEP to Acquire 38 Valvoline Company-Owned Stores in Austin, San Antonio, El Paso and West Texas Markets
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- Franchise Equity Partners (FEP), a private investment firm on a mission to create long-term partnerships with quality franchisees and franchisors, today announced a strategic partnership with Valvoline Inc., the trusted leader in preventive automotive maintenance. As part of the agreement, FEP will acquire 38 of Valvoline's company-owned stores in West Texas, including markets in Austin, San Antonio, El Paso, and surrounding regions. The stores will be franchised and operated under the newly formed entity, Velocity Auto Care.
Sales of $1.6 billion and system-wide store sales of $3.1 billion each growing 12%, delivering 18th fiscal year of system-wide SSS growth
Fiscal year highlights
Sales from continuing operations of $1.6 billion grew 12%, driven by system-wide same-store sales (SSS) growth of 6.7%Store count increased nearly 9% YoY, bringing system-wide total to 2,010Reported income from continuing operations of $215 million grew 8% and earnings per diluted share (EPS) of $1.63 increased 33%Continuing operations adjusted EBITDA of $443 million increased 17% while adjusted EBITDA margin improved 100 bps to 27.3%, adjusted EPS of $1.57 increased 33%Returned $227 million in cash to shareholders via share repurchasesLEXINGTON, Ky., Nov. 19, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, announces it intends to refranchise 38 existing Valvoline Instant Oil ChangeSM service centers to a new franchisee, Velocity Auto Care. The service centers are located in Austin, San Antonio, El Paso and west Texas.
"One of our strategic priorities is accelerating our network growth," said Lori Flees, Valvoline Inc. President and Chief Executive Officer. "We are pleased to have franchisees that can expand select markets more rapidly than the company was planning. More service centers, whether owned and operated by the company or a franchise, deliver more convenience for our customers, more opportunities for our team members, and more value to our shareholders. We look forward to many years of outstanding partnership with our newest franchisee, Velocity Auto Care."
Customers can donate at participating Valvoline Instant Oil Change or Great Canadian Oil Change locations through November 30.
LEXINGTON, Ky., Nov. 1, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, kicks off its annual in-store fundraising campaign for Children's Miracle Network Hospitals, Nov. 1-30, 2024. This marks 15 years of Valvoline Inc. supporting Children's Miracle Network Hospitals. To date, the Company has raised more than $6 million for children's hospitals.
LEXINGTON, Ky., Oct. 28, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that it plans to report financial results for its fiscal fourth quarter on November 19, 2024. A live audio webcast with analysts and investors will also be held on November 19, 2024 at 9 a.m. ET.
The webcast and slide presentation will be available on the company's Investor Relations website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast will be available on this same website.
LEXINGTON, Ky., Oct. 21, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that Valvoline Instant Oil Change℠ ranks 40th in the Franchise Times Top 400. The Franchise Times Top 400 is the most comprehensive ranking of the largest U.S. franchise systems. Its results are determined by global systemwide sales from the previous year and based on a five-month research and reporting process that considers a variety of factors.
LEXINGTON, Ky., Oct. 18, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance announces the planned retirement of its Chief Financial Officer Mary Meixelsperger. Meixelsperger will continue as CFO until a successor is hired and will remain with the Company through the subsequent transition period. The Company has initiated a comprehensive search with the assistance of a leading executive search firm to identify a successor for this position, which will include both internal and external candidates.