PR Newswire
Sees continued strength across key success metrics, while enhancing practices
MARKHAM, ON, Nov. 13, 2024 /CNW/ - Pet Valu Holdings Ltd. ("Pet Valu" or the "Company") (TSX: PET), the leading Canadian specialty retailer of pet food and pet-related supplies, today released its Environmental, Social, Governance ("ESG") report for its fiscal year ended December 30, 2023. The second annual report provides an update of how the Company manages and measures key ESG factors that play a critical role in delivering its strategic, operational and financial aspirations.
Grows Revenue by 5%, Increases Adjusted EBITDA(1) by 13%, and Narrows 2024 Outlook
MARKHAM, ON, Nov. 5, 2024 /CNW/ - Pet Valu Holdings Ltd. ("Pet Valu" or the "Company") (TSX: PET), the leading Canadian specialty retailer of pet food and pet-related supplies, today announced its financial results for the third quarter ended September 28, 2024.
Third Quarter Highlights
System-wide sales(2) were $358.2 million, an increase of 0.3% versus Q3 2023. Same-store sales growth(2) was -2.5%.Revenue was $276.0 million, up 5.2% versus Q3 2023.Adjusted EBITDA was $64.6 million, up 13.0% versus Q3 2023, representing 23.4% of revenue. Operating income was $40.4 million, up 8.0% versus Q3 2023.Net income was $23.2 million, up from $18.0 million in Q3 2023.Adjusted Net Income(1) was $29.9 million or $0.41 per diluted share, compared to $28.2 million or $0.39 per diluted share, respectively, in Q3 2023.Opened 6 new stores and ended the quarter with 805 stores across the network.Officially opened the new Metro Vancouver Region ("MVR") distribution centre.The Board of Directors of the Company declared a dividend of $0.11 per common share.
Pet-first digital holiday guide, pet wish lists, wish list contest and fundraising calendar for pets in need help create holiday magic for pets and devoted pet lovers
MARKHAM, ON, Nov. 1, 2024 /CNW/ - Pet Valu, Canada's leading specialty retailer of pet food and pet-related supplies, is inspiring devoted pet lovers to imagine and create a holiday season filled with magical, memorable moments with their pets. This month Pet Valu is launching a digital holiday guide, pet wish lists and a wish list contest along with a fundraising calendar to help pets in need.
MARKHAM, ON, Oct. 10, 2024 /CNW/ - Pet Valu Holdings Ltd. ("Pet Valu" or the "Company") (TSX: PET), the leading Canadian specialty retailer of pet food and pet-related supplies, will release its financial results for the third quarter of fiscal 2024 at approximately 6:30am ET on Tuesday, November 5, 2024, followed by a conference call at 8:30am ET.
To participate in Pet Valu's conference call, please dial 1-833-950-0062 (ID: 638652). A live webcast of the call will also be available through the Events & Presentations section of the Company's website at https://investors.petvalu.com/.
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