Valvoline Expects FY24 Revenue of $1.60B-$1.65B (Prior $1.60B-$1.70B) Vs $1.635B Est, Adj EPS of $1.45-$1.65 (Prior $1.40-$1.65) Vs $1.60 Est

Updated Outlook

Prior Outlook

System-wide SSS growth

6

—

8 %

6

—

9 %

System-wide store additions

no

change

140

—

170

Net revenues

$1.6

—

$1.65 billion

$1.6

—

$1.7 billion

Adjusted EBITDA

$430

—

$455 million

$420

—

$460 million

Capital expenditures

no

change

$185

—

$215 million

Adjusted EPS

$1.45

—

$1.65

$1.40

—

$1.65