Valvoline falls after downbeat 2025 forecasts, refranchise plan

Valvoline

19/11/2024 17:28

** Shares of automotive service provider Valvoline  VVV.N 
down 7.2% at $39.29 
    ** Co to refranchise 38 stores to Velocity Auto Care
    ** VVV sees 2025 adjusted EPS between $1.57 and $1.67, below
analysts' estimates of $1.80 - LSEG data
    ** Expects 2025 net revenue of $1.67 bln to $1.73 bln, below
estimates of $1.8 bln
    ** Expects same-store sales growth of 5% to 7% and network
growth of 160 to 185 stores in 2025
    ** Posted Q4 adjusted earnings of $0.46 vs estimates of
$0.42 
    ** Including session gains, stock had risen 4.3% YTD




 (Reporting by Nithyashree  R B)
 ((NithyashreeRB@thomsonreuters.com;))