Valvoline narrows FY24 adjusted EPS view to $1.45-$1.65 from $1.40-$1.65

FY24 consensus $1.60. Narrows FY24 revenue view to $1.6B-$1.65B from $1.6B-$1.7B, consensus $1.64B. Narrows FY24 system-wide SSS growth view to 6%-8% from 6%-9%. Flees added, “In the first half of the year, we have delivered strong profit growth thanks to the hard work of our team and franchise partners. Our team’s commitment to employee training and retention has allowed us to continue to drive the core business toward its full potential through a focus on improving delivery of additional services and management of labor costs. With the first half of the year behind us, we continue to expect strong year-over-year performance despite lapping a strong second half of fiscal year 2023. Accordingly, we are updating our guidance to narrow the range across a few key metrics.”