This is the second consecutive year the
company ranked first in the automotive services retailer
category
LEXINGTON, Ky., Jan. 15,
2025 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV),
the quick, easy, trusted leader in preventive automotive
maintenance, has been recognized as a top franchisor in
Entrepreneur's 46th annual Franchise 500®. This
is the second year the company ranked as the leading automotive
services retailer and 24th overall among the top 500 franchise
brands for 2025.
"I am proud that once again Valvoline Inc. has been recognized
as the leading franchisor of automotive service retailers," said
Lori Flees, Valvoline Inc. President
and CEO. "Our franchise partners play a critical role in our
success. I value their partnership and look forward to our
continued growth together."
Today, more than half of Valvoline's preventive automotive
maintenance service centers are operated by franchisees. Over time,
the company expects to increase the number of stores it opens each
year, targeting 250 store openings annually to reach the company's
goal of more than 3,500 total retail locations.
"We are committed to maximizing our same stores sales growth as
well as accelerating our retail network," said Adam Worsham, Valvoline Inc.'s Chief Franchising
Officer. "There is significant opportunity within the preventive
automotive services industry and an opportunity to bring the
convenient services of Valvoline Instant Oil Change to even more
people."
The Entrepreneur Franchise 500® ranks
companies with a minimum of 10 franchise units that are looking to
expand in the United States and
Canada. The recognition is based
on key evaluation pillars: cost and fees, size and growth, support
and brand strength.
About Valvoline Inc.
Valvoline Inc. (NYSE: VVV)
delivers quick, easy, trusted service at more than 2,000 franchised
and company-operated service centers across the United States and Canada. The company completes more than 28
million services annually system-wide, from 15-minute
stay-in-your-car oil changes to a variety of
manufacturer-recommended maintenance services such as wiper
replacements and tire rotations. At Valvoline Inc., it all starts
with our people, including more than 11,000 team members who are
working to grow the core business, expand the company's retail
network, and plan for the vehicles of the future. For more
information, visit vioc.com.
Forward-Looking Statements
Certain statements
herein, other than statements of historical fact, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements may include, without limitation, executing on the growth
strategy to create shareholder value by driving the full potential
in the company's core business, accelerating network growth and
innovating to meet the needs of customers and the evolving
car parc; realizing the benefits from the
refranchising transactions; and future opportunities for the
stand-alone retail business; and any other statements
regarding Valvoline's future operations, financial or
operating results, capital allocation, debt leverage ratio,
anticipated business levels, dividend policy, anticipated growth,
market opportunities, strategies, competition, and other
expectations and targets for future periods. Valvoline
has identified some of these forward-looking statements with
words such as "anticipates," "believes," "expects," "estimates,"
"is likely," "predicts," "projects," "forecasts," "targets," "may,"
"will," "should," and "intends," and the negative of these words or
other comparable terminology. These forward-looking statements are
based on Valvoline's current expectations, estimates,
projections, and assumptions as of the date such statements are
made and are subject to risks and uncertainties that may cause
results to differ materially from those expressed or implied in the
forward-looking statements. Additional information regarding these
risks and uncertainties are described in the Company's filings with
the Securities and Exchange Commission (the "SEC"), including in
the "Risk Factors," "Management's Discussion and Analysis of
Financial Condition and Results of Operations," and "Quantitative
and Qualitative Disclosures about Market Risk" sections of
Valvoline's most recently filed periodic reports on Forms
10-K and 10-Q, which are available on Valvoline's
website at
http://investors.valvoline.com/sec-filings or on the
SEC's website at http://www.sec.gov. Valvoline
assumes no obligation to update or revise these
forward-looking statements for any reason, even if new information
becomes available in the future, unless required by law.
™ Trademark, Valvoline Inc., or its
subsidiaries, registered in various countries
SM Service mark, Valvoline Inc., or its
subsidiaries, registered in various countries
® Registered trademark owned by a third party
FOR FURTHER INFORMATION
Investor
Relations
Elizabeth B.
Clevinger
+1 (859) 357-3155
IR@valvoline.com
Media Relations
Angela
Davied
+1 (913) 302-0032
media@valvoline.com
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SOURCE Valvoline Inc.