07:07 AM EDT, 05/06/2025 (MT Newswires) -- Pet Valu ( PTVLF ) on Tuesday reported higher first-quarter adjusted income and revenue that came in ahead of forecasts.

Adjusted net income edged up to $25.4 million or $0.36 per diluted share, from $25.3 million, or $0.35 per diluted share, in the prior year period. The result beat the consensus analyst estimate of $0.34 per share, according to Capital IQ.

Revenue rose 7%, to $279.1 million, beating the $274.9 million forecast. The increase was mostly driven by higher franchise and other revenues and partially offset by a decline in retail sales. Same-store sales growth was 1.4%.

Pet Valu ( PTVLF ) reaffirmed its 2025 outlook, expecting revenue of between $1.17 billion and $1.2 billion and adjusted earning per diluted share of between $1.60 and $1.66.

The company will pay a regular quarterly dividend of $0.12 per share on June 16.

"We are off to a solid start to 2025, with our business delivering the results we expected in the first quarter," said Richard Maltsbarger, chief executive. "Our effective commercial plan, together with strong in-store execution by our ACEs and franchisees, helped deliver a return to positive same-store sales growth and acceleration in revenue growth to 7%."