While many other retailers have experienced declines in this incredibly challenging economic environment, Valvoline Instant Oil Change has grown its business. Of course, past performance is no guarantee of future success, but we do believe it demonstrates that the VIOC business model works – in good times and bad.
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All data are based on the VIOC Fiscal Year, which begins October 1st and ends September 30th, and includes only existing stores that were open on October 1st and remained in operation through September 30th
*“Average Operating Income” is Net Sales less Product, Labor, Store Expenses and Advertising expenses. Store Expenses exclude operating leases, market and corporate overhead, and depreciation. Advertising Expenses are allocated equally across the stores and do not necessarily represent the actual amount spent by an individual store.
**“Average Store Sales” means gross revenue less sales tax collected (from customer), less coupons/discounts (provided to customer).
***“Oil Changes Per Day” (OCPD) means average daily oil changes performed based on a 6-day work week less key holidays (308 days total annually), although some stores are open 7 days each week.
****“Average Ticket” does not include sales tax collected from the customer, or any coupons/discounts given to the customer.
