Valvoline Inc. reported strong financial results for the first quarter of fiscal year 2025, with notable growth across key metrics. Sales reached $414 million, reflecting an 11% increase, driven by system-wide same-store sales (SSS) growth of 8%. System-wide store sales grew 14% to $820 million. Income from continuing operations soared 177% to $94 million, and earnings per diluted share (EPS) rose 181% to $0.73, boosted by a $71 million pre-tax gain from refranchising.

Adjusted EBITDA increased 14% to $103 million, and adjusted EPS grew 10% to $0.32. The company opened 35 new stores during the quarter, including 14 franchise locations, and completed a refranchising transaction in December, adding a partner who plans to double the store count in the central and west Texas area. Valvoline's goal is to expand to over 3,500 stores through new builds, acquisitions, and franchise partnerships.