BUZZ-Valvoline falls after downbeat 2025 forecasts, refranchise plan

Reuters
20 Nov 2024

** 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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10