Financial PerformanceProfitability metrics beat, with adjusted EBITDA margin ~125bps better than consensus and adjusted EPS of $0.35 beating consensus’ $0.28.
Growth PotentialTake 5 oil change business is benefiting from its differentiated, fast, friendly, and simple business model to take market share.
Operational ExpansionSegment margins expanded ~200bps y/y driven primarily by Take 5 (operating leverage plus increased franchise penetration).