Pet Valu (TSE:PET – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported C$0.44 EPS for the quarter, FiscalAI reports. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. The company had revenue of C$299.52 million for the quarter.
Here are the key takeaways from Pet Valu’s conference call:
- Pet Valu reported 3% revenue growth and 4% systemwide sales growth in Q3, with same-store sales returning to positive territory at 1.5%. Adjusted EBITDA rose 5%, and adjusted diluted EPS increased 10%.
- The company raised its full-year adjusted EBITDA margin outlook to approximately 21.5%, citing stronger-than-expected expense leverage. It also highlighted continued market-share gains and improving customer transactions.
- Full-year adjusted diluted EPS growth is now expected in the low single digits, while same-store sales guidance is flat to 1%. Management said Q4 adjusted EBITDA margin could decline about 90 basis points year over year, reflecting typical seasonal promotional intensity and uncertainty.
- Pet Valu expects 37 new stores in 2026, but said tighter real estate availability is likely to persist into 2027. Digital channels, including click and collect and AutoShip, continued to support sales, though management did not quantify their contribution.
Pet Valu Stock Up 7.6%
TSE:PET opened at C$23.15 on Wednesday. The business’s 50-day moving average price is C$18.98 and its 200 day moving average price is C$20.78. The firm has a market cap of C$1.56 billion, a P/E ratio of 16.19 and a beta of 1.16. Pet Valu has a 52-week low of C$16.58 and a 52-week high of C$30.11.
Wall Street Analyst Weigh In
Several analysts have weighed in on PET shares. Raymond James Financial downgraded Pet Valu from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$21.00 to C$23.00 in a research note on Wednesday, August 12th. Barclays increased their price target on Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce raised Pet Valu to a “strong-buy” rating in a report on Wednesday, October 7th. Royal Bank Of Canada lowered their price target on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Finally, National Bank Financial raised shares of Pet Valu from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$23.00 to C$24.00 in a report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pet Valu has a consensus rating of “Buy” and an average price target of C$25.00.
Read Our Latest Stock Report on PET
About Pet Valu
Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. For 50 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands.
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