Thank you, morning. good Sam, and
As expectations. generally QX Sam Valvoline's quarter QX ‘XX the for was shared, year. for modestly is was profit generally lowest our EBITDA -- below management
year, the things in EBITDA that the prior are impacted margin the of first two Versus year. quarter there
relative weighting a First, operations to margins. company due our the about a year-over-year of of difference third overall to is contributing higher
higher on X will growth franchise mix said, impact That years. stores times the over five in franchise company and accelerating returns, a margin the business high change rate our margin overall our next is thus, we our generate rate. are approximately While
product inflation reduction saw the of goods on the year a year-over-year result margin both of inflation. Then given cost wages. expected of and Most XXXX, was remainder fiscal cost is considerable at
pricing we've deliver the stores, per recaptured have pleased served, to ability unit margin. been margins percent vehicle not through with these but our actions pass to higher full company the For
team and through in we established improvement driving to our process As we operations shared enablement. focus last call, on have efficiencies a both technology central earnings
further actions to margin by the additive business, the decreases full-year cost cost. taken limiting and start franchise impact on to thus and our base increased to increases, was For eroded announced longer mitigate took EBITDA. necessary delivery ‘XX materialize, the oil fiscal We've
The For include: in higher rate shared our expect higher related within increased range driving labor margins to five-year that for we full-year the customers the to still we margin full the Sam deliver for key of year. the and for plan. the the full-year, our drivers -- target EBITDA first, of shared, efficiency of leverage SG&A transactions behaviors as drive seasonality impact balance the long-term
half franchise both the and partners remainder from last, key for repeat we've goods QX kick the that for always year. to will of expenses mitigate in will year. increase And of managers Second, actions our second our financial the not the quarterly benefit and store the taken SG&A year QX the of off our meetings with cost
line this Now XX, We same-store past to discuss with let's the approximately of quarter growth turn increasing sales to XX%. strength sales. strong slide top delivered same-store the
Just the over September. in XX% done most second balance the change the with balance volume, actions growth by of non-oil mix The was in the taken of growth revenue and premium driven last of same-store recent -- was year, sales driven by half was pricing pricing driven growth.
side, and and customer encouraged that stores. the our the sorry, new of On quarter, we're training of same to in we we're execution Last highlights about change by of new these to I X% growth. non-oil early over actions in right process seeing. investment had year-over-year shared growth volume the this training more A invested the see results or year, revenue drive and reporting stores. continued reporting last the across slide consistent in hand talked We're impact I company-operated pleased
for they quartile X top the stores. And The has Our same-store the at top quartile bottom delivery rate even of rollout. performance growth job top very growth quartile quartile team important our still gap to between us our the bottom excellent growth. still long-term nearly stores and room accelerated an system best expected Closing and times stores done to learn opportunity non-oil an the improve stores contributor sees in showed to the change the our there's of sales across revenue our our stores. be initial that is from as
XX. slide to Turning
over believe expect to unit quarters. the We units quarter unit our in delivery continue in we accelerate first and can We delivered to double the XX count time. remaining
opportunity units. deliver to confidence more We our geographic want have our share significant we new to around coverage improve quarter, and the this to details
Our the real that team areas The is prioritization for new attractive resources detailed builds potential. with acquisitions completed attractive target has our helping highest development to focus those markets and market us a for estate work combination. trade team has identified or
meet Valvoline high various our our a Our standards have is whether acquisition deal are deliver diligent current new been has committee and that sites, new but by for ensure to XXX pipeline stages process. unit or approved the build new review in sites of to Over returns. robust. process efficient
for opportunity Lube accelerate system-wide to Our remains new providing build and sites highly market fragmented, ample Quick the continue acquisition.
over be currently or purchase a to acquired. We under construction signed have sites that are XX agreement in
that degree on opening of note means is these sites for in the acquisitions. not to franchisees Our full-year from confidence do fully normal and these important high. capture our us timing acquisition both expected our figures growth incredibly opportunities It's
we momentum, full-year are our in confident though, our current With forecast.
across Our I'm long-term the progress with accelerate to goal. system, objective and is unit our pleased toward growth this very achieving
guidance. With that, earnings Mary? results discuss and our Mary will
