BUZZ-Valvoline falls after downbeat 2025 forecasts, refranchise plan

Reuters
2024-11-20

** Shares of automotive service provider Valvoline 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;))

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