Overview

* Pet Valu ( PTVLF ) Q2 revenue rises 5.8% yr/yr to C$280.6 mln

* Adjusted EBITDA increases 4.2% to C$60.2 mln, representing 21.4% of revenue

* Greg Ramier to succeed Richard Maltsbarger as CEO in September 2025

Outlook

* Pet Valu ( PTVLF ) expects 2025 revenue between C$1.18 bln and C$1.21 bln

* Company forecasts adjusted EBITDA between C$257 mln and C$262 mln

* Pet Valu ( PTVLF ) anticipates adjusted net income per share C$1.63-C$1.68

* Company projects net capital expenditures of approximately C$45 mln

Result Drivers

* REVENUE INCREASE - 5.8% revenue growth attributed to higher franchise and retail sales

* SAME-STORE SALES GROWTH - 2.6% growth driven by 1.8% increase in average spend per transaction and 0.8% rise in transaction growth

* SUPPLY CHAIN TRANSFORMATION - Completion of multi-year distribution centre network transformation to support long-term growth, per CEO Richard Maltsbarger

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS C$0.31

Q2 C$26.20

Adjusted mln

Net

Income

Q2 Net C$21.81

Income mln

Q2 C$60.18

Adjusted mln

EBITDA

Q2 Basic C$0.31

EPS

Q2 C$36.75

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

* Wall Street's median 12-month price target for Pet Valu Holdings Ltd ( PTVLF ) is C$35.00, about 4.9% above its August 1 closing price of C$33.28

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)