VVV Stock Recent News

Sam Mitchell, CEO of Valvoline, joins 'The Exchange' to discuss track record in same-store sales growth, competitive dynamics in the car repair market, and more.

Valvoline (VVV) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.58 per share a year ago.

LEXINGTON, Ky , July 19, 2023 /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 third quarter on August 9, 2023. A live audio webcast with analysts and investors will also be held on August 9, 2023 at 9 a.m.

Valvoline (VVV) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.48 per share a year ago.

Thanks to the meme-trade phenomenon, many retail investors already have in mind their own great stock buys. Ruefully watching the most popular entities jumping dramatically higher during the first two years of the coronavirus pandemic, 2022 imposed a reality check.

Valvoline Inc. (NYSE:VVV ) Q1 2023 Earnings Conference Call February 7, 2023 9:00 AM ET Company Participants Elizabeth Russell - Investor Relations Sam Mitchell - Chief Executive Officer Lori Flees - President of Retail Services Mary Meixelsperger - Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Mike Harrison - Seaport Research Partners Dan Rizzo - Jefferies Chris Shaw - Monness, Crespi & Hardt Operator Good morning or good afternoon, all, and welcome to the Valvoline First Quarter FY ‘23 Earnings Webcast. My name is Adam, and I'll be your operator for today.

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.