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Valvoline Inc. reports developments tied to its preventive automotive maintenance business, which operates and franchises service centers in the United States and Canada. The company’s updates center on Valvoline Instant Oil Change service centers, stay-in-your-car oil changes, manufacturer-recommended maintenance services such as wiper replacements and tire rotations, and the performance of its company-operated and franchised store network.
Valvoline announcements include quarterly financial results, system-wide same-store sales, new-store contributions, franchise-system recognition, customer-service ratings, and community programs under the company’s Happy to Help charitable giving initiatives. Updates also cover investor webcasts and strategic commentary on network growth, store productivity, and service offerings for changing vehicle maintenance needs.
Valvoline Inc. (NYSE: VVV) has partnered with MotorTrend Group, becoming the "Official Motor Oil" of its digital and print platforms and presenting sponsor of the upcoming Top Gear America. The partnership aims to target D.I.Y. consumers across the U.S., particularly male auto enthusiasts aged 18-34. Valvoline's "Original Motor Oil Campaign," launched on June 22, reflects its 150-year heritage as the first U.S. trademarked motor oil brand. The partnership includes extensive exposure through various media channels and promotional activities.
Valvoline Inc. (NYSE: VVV) reported preliminary financial results for June 2020, highlighting a substantial recovery from COVID-19 impacts. Key metrics include a 33% increase in sales and a 32% rise in lubricant volume compared to May 2020. Quick Lubes' same-store sales grew by 7.2% year-over-year, with company-owned stores up by 10.4%. The company's total liquidity stood at nearly $1.3 billion as of June 30, 2020, indicating strong financial health. CEO Sam Mitchell expressed optimism about the company's resilience and planned marketing investments going forward.