Valvoline CEO says Q3 ‘substantially in line with our expectations’

CEO Flees added, “Through our third quarter, we have delivered performance substantially in line with our expectations. We are trending at or slightly below the midpoint of our adjusted EBITDA and adjusted EPS guidance including the modest impacts of refranchising. I’d like to thank our more than 10,000 team members and our strong franchise partners who together helped us surpass $3 billion in system-wide store sales over the past 12 months.”