Valvoline Inc. has recently released its 10-K report, providing an insight into the company's financial performance and operations. Valvoline Inc. is a leading provider of automotive preventive maintenance services through its retail stores in the United States and Canada. The company offers a range of services including oil changes, battery, bulb, and wiper replacements, tire rotations, and other maintenance services, operating and franchising approximately 2,200 service center locations.
In the recently released 10-K report, Valvoline Inc. highlighted some key developments. Notably, the company completed the refranchising of 67 company-owned stores to existing and new franchise partners, with additional transactions expected to accelerate growth in respective markets. Moreover, Valvoline Inc. entered into an agreement to acquire Breeze Autocare, an independent provider of automotive quick lube and preventive maintenance services, with the acquisition expected to close shortly.
In terms of fiscal 2025 performance, the company reported notable figures. Net revenues for fiscal 2025 amounted to $1,710.3 million, representing a 5.6% increase over the prior year. Gross profit stood at $658.5 million, marking a 6.4% improvement year-over-year. Operating income for fiscal 2025 was $389.9 million, reflecting a 6.2% increase. The company also reported system-wide store sales of $3.5 billion, marking an 11.3% growth over the prior year, and system-wide store count of 2,180, representing an 8.5% increase.
Furthermore, Valvoline Inc. highlighted that fiscal 2025 marked the 19th consecutive year of system-wide same-store sales growth, reinforcing its position in the market. The report also outlined the factors contributing to the company's financial performance, including higher volume, mix, and pricing, as well as continued store expansion and favorable traction in premiumization and non-oil change services.
As a result of these announcements, the company's shares have moved 3.38% on the market, and are now trading at a price of $31.21. If you want to know more, read the company's complete 10-K report here.
