07:20 AM EDT, 08/06/2024 (MT Newswires) -- Pet Valu Holdings ( PTVLF ) on Tuesday said second-quarter adjusted profit dipped slightly while revenue rose.

Adjusted profit was $25.9 million, or $0.36 per diluted share, from $26.3 million or $0.36 per diluted share, last year.

Revenue rose 3.5% to $265.2 million during the period. The company opened five new stores and ended the quarter with 799 stores.

A dividend of $0.11 per share was declared, payable on September 16.

Pet Value is expecting revenue between $1.08 billion and $1.11 billion, supported by 40 to 50 new store openings for the full-year 2024, and adjusted profit of between $1.50 and $1.55 per diluted share.