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Valvoline is seeing strong demand for quick and convenient oil changes and other automotive services. The preventative vehicle maintenance provider saw its system-wide same-store sales increase 11.9% during the quarter ended Dec. 31, and it's continuing to add locations across the country, according to a Tuesday (Feb. 7) press release.
Valvoline (VVV) delivered earnings and revenue surprises of -27.27% and 0.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Valvoline restructuring itself into a maintenance shop for both ICE and EVs may allow it to prosper in an EV future. Valvoline's profitability and growth are good, but still could use some work.
Bolstered by high prices and soaring demand, oil and gas majors are expected to break their annual earnings records. On Tuesday, Exxon Mobil Corp. ( XOM , Financial) did just that when it posted a $56 billion profit for 2022.
LEXINGTON, Ky. , Jan. 24, 2023 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, today announced that it plans to report financial results for its fiscal first quarter on February 7, 2023.
Valvoline, Inc. (NYSE:VVV ) Q4 2022 Earnings Conference Call November 15, 2022 8:00 AM ET Company Participants Sean Cornett - Senior Director, IR & Assistant Treasurer Samuel Mitchell - CEO & Director Lori Flees - President, Retail Services Mary Meixelsperger - CFO Conference Call Participants Michael Kessler - Morgan Stanley Jeffrey Zekauskas - JPMorgan Chase & Co. Laurence Alexander - Jefferies Chasen Bender - Citi Michael Harrison - Seaport Research Partners Operator Thank you all for joining, and welcome to Valvoline's Q4 2022 Earnings Conference Call and Webcast. [Operator Instructions].
LEXINGTON, Ky. , Nov. 2, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), a trusted leader in preventive automotive maintenance delivering quick and convenient service, today announced that it plans to report financial results for its fiscal fourth quarter on November 15, 2022.
Valvoline is selling its lubricant business. The transaction will bring focus and excess cash to the business.
Aramco has agreed to purchase Valvoline's global products business for $2.65 billion cash. The deal is expected to close by year-end or early 2023.
LEXINGTON, Ky. , Aug. 24, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, will present at the Goldman Sachs 29th Annual Global Retailing Conference in New York on Wednesday, Sept.