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    David Lance Hays

    Research Analyst at Wells Fargo

    David Lance Hays is an Analyst at Wells Fargo Private Bank, specializing in wealth management and private banking services for high-net-worth clients. He delivers tailored investment strategies and financial analysis, working directly with individuals and families to meet complex financial goals. With a background rooted at Wells Fargo, Hays has focused his career on private banking solutions, though specific metrics on performance outcomes and publicly disclosed coverage lists for individual companies are not available. He maintains professional credentials required for private banking, but details on FINRA registrations or securities licenses have not been made public.

    David Lance Hays's questions to VALVOLINE (VVV) leadership

    David Lance Hays's questions to VALVOLINE (VVV) leadership • Q3 2025

    Question

    David Lance Hays from Wells Fargo asked for indications on franchise unit growth for fiscal 2026 to better understand the ramp to 150 units per year by 2027. He also requested an update on the performance of the fleet business.

    Answer

    CEO Lori Flees stated that the new unit pipeline continues to accelerate. Existing franchisees are on pace, while newer franchisees from the refranchising deals are ramping up on a more back-end loaded timeline, as expected. She also confirmed that the fleet business continues to perform strongly, with its growth outpacing the consumer side, aided by expanding partnerships with franchisees for regional and local accounts.

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