Valvoline Inc. reported its first quarter fiscal year 2025 financial results on February 6, 2025, demonstrating a strong start to the fiscal year. Net revenues increased 11% year-over-year to $414.3 million, driven by robust system-wide same-store sales (SSS) growth of 8.0%. Adjusted EBITDA for the quarter grew 14% to $102.8 million.
The company added 35 stores during the first quarter, including 14 new franchise locations, bringing the total system-wide store count to 2,045. This expansion aligns with Valvoline's goal to grow its network to over 3,500 stores through new-builds, acquisitions, and supporting franchise partner development. The previously announced refranchising transaction in central and west Texas was completed in December, welcoming a new partner committed to significant store count expansion.
Valvoline's President and CEO, Lori Flees, expressed satisfaction with the performance, noting that the business delivered double-digit profit growth fueled by balanced ticket and transaction contributions to SSS. Management reaffirmed its full-year fiscal 2025 guidance, indicating that the company is on track to meet its financial targets. These results underscore the resilience and differentiated nature of Valvoline's business model.
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