Valvoline Inc. (NYSE: VVV) shares gained ground at the open Thursday. The company claiming to provide the quick, easy, trusted leader in preventive automotive maintenance, has once again been named the number-one automotive services retailer in Entrepreneur magazine’s Franchise 500, marking the fourth consecutive year the brand has led its category.
Valvoline, according to this morning’s news release, “continues to demonstrate strong performance among all franchise brands, earning an overall ranking of No. 32 – reflecting continued momentum across growth, performance, and brand strength.”
“Consistently earning the top ranking in our industry speaks to the strength of our franchise model and the people behind it,” said CEO Lori Flees. “Our franchisees have always played a critical role in our success, and this recognition reflects the trust, collaboration and growth we have built together across our system.”
Approximately half of Valvoline Inc.’s preventive automotive maintenance service centers are operated by franchisees, with continued expansion planned across the U.S. and Canada. The company remains focused on delivering quick, easy, trusted service while providing franchisees a wide range of support including operational excellence, marketing, market development and training.
“This recognition reinforces the value of our franchise system and the opportunity ahead,” said Adam Worsham, Chief Franchising Officer at Valvoline Inc.
VVV shares began trading Thursday up 48 cents, or 1.5%, to $--32.98.
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