Pet Valu Holdings Ltd
TSX:PET

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Pet Valu Holdings Ltd Logo
Pet Valu Holdings Ltd
TSX:PET
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Price: 27.39 CAD -1.12% Market Closed
Market Cap: 1.9B CAD

Pet Valu Holdings Ltd
Investor Relations

In the bustling corridors of the pet retail industry, Pet Valu Holdings Ltd. has carved out its niche as a leading specialty retailer of pet food and pet-related supplies in Canada. With a carefully curated selection of products, the company has positioned itself as a one-stop shop for pet owners who seek high-quality items ranging from food and treats to grooming tools and essential pet accessories. The business model is rooted in a combination of directly-operated stores and a growing franchise network, ensuring a widespread market presence and localized customer engagement. This hybrid approach not only bolsters its reach but also allows Pet Valu to benefit from economies of scale, leveraging its size for favorable procurement terms and offering competitive pricing.

Moreover, Pet Valu’s success hinges on its ability to create a unique in-store experience. The company places a strong emphasis on knowledgeable customer service, where associates are trained to provide tailored advice to pet owners, enhancing customer loyalty. This personal touch resonates with the vibrant communities they serve, knitting them into the fabric of local pet ownership. In terms of revenue streams, Pet Valu primarily earns through both product sales and franchise services, with franchising fees and associated royalties contributing substantially to its financial health. By continually adapting to trends in pet care and wellness, Pet Valu not only sustains its market share but also nurtures growth opportunities in an industry that shows no signs of slowing down.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

Revenue Growth: Pet Valu reported Q3 revenue of $289 million, up 5% year-on-year and supported by both same-store growth and store expansion.

Margins Improving: Adjusted EBITDA margin improved sequentially to 22% as operating expense savings and supply chain transformation began to deliver leverage.

Guidance Narrowed: 2025 guidance was tightened, with revenue expected between $1.175 billion and $1.185 billion and adjusted EBITDA of $257–260 million, reflecting current trends and macro uncertainty.

Same-Store Sales: Q3 same-store sales rose 2.3%, with growth driven by needs-based consumables and premium products, though discretionary spending remains uneven.

Store Expansion: 16 new stores opened in Q3, bringing the total to 849, with the company on track for 40 new openings this year.

Supply Chain Transformation Complete: The new Calgary distribution center is operational, marking the completion of a multi-year supply chain overhaul and starting a period of cost leverage.

Omnichannel and Digital: Digital and omnichannel sales outpaced company averages, fueled by initiatives like AutoShip and expanded marketplace offerings.

2026 Outlook: Management expects continued macro-driven headwinds but anticipates earnings and free cash flow growth as supply chain investments pay off.

Key Financials
Revenue
$289 million
System-wide Sales
$374 million
Same-Store Sales
2.3%
Gross Profit
$96 million
Gross Margin
33.5%
SG&A Expenses
$54 million
Adjusted EBITDA
$64 million
Adjusted EBITDA Margin
22%
Net Income
$25 million
Adjusted Net Income
$28 million
Adjusted Net Income per Diluted Share
$0.40
Cash
$15 million
Unused Borrowing Capacity
$140 million
Total Debt
$294 million
Leverage
2.4x
Inventories
$141 million
Net Capital Expenditures
$8 million
Net Capital Expenditures Year-to-Date
$30 million
Free Cash Flow
$25 million
Free Cash Flow Year-to-Date
$67 million
Free Cash Flow Conversion
43%
Store Count
849
Earnings Call Recording
Other Earnings Calls

Management

Mr. Richard D. Maltsbarger
CEO & Director
No Bio Available
Ms. Linda Janet Drysdale
Chief Financial Officer
No Bio Available
Mr. Tanbir Grover
Chief Digital & Marketing Officer
No Bio Available
Ms. Kendalee MacKay
Chief Merchandising Officer
No Bio Available
Mr. Greg Ramier
President & COO
No Bio Available
Ms. Liliane Bedrossian
Chief Accounting Officer
No Bio Available
Mr. James Allison
Senior Director of Investor Relations
No Bio Available
Ms. Catherine J. Johnston
Chief Legal Officer, General Counsel & Secretary
No Bio Available
Nico Weidel
Chief Supply Chain Officer
No Bio Available

Contacts

Address
ONTARIO
Markham
130 Royal Crest Court
Contacts
+14163199950.0