08:25 AM EST, 03/04/2025 (MT Newswires) -- Pet Valu Holdings ( PTVLF ) , a Canadian specialty retailer of pet food and pet-related supplies, on Tuesday reported a fourth quarter revenue beat and higher profit boosted by the company's GTA and Surrey distribution centres, improved online capabilities, and solid cost management.

Quarterly revenue increased 2.9% to $295.1 million compared with $286.9 million a year ago, beating the consensus estimate compiled by FactSet of $292 million.

Net income was flat at $28.9 million for the three months ended Dec. 28, compared with $28.8 million in the prior-year period. Adjusted net income was $32.2 million or $0.45 per diluted share in Q4, compared with $39.1 million or $0.54 per diluted share, respectively, in Q4 of 2023. Adjusted net income per share beat consensus estimate compiled by FactSet of $0.40.

The company also raised quarterly dividend by 9% to $0.12 per common share payable on April 15, to holders of common shares of record as at the close of business on March 31.

Pet Valu ( PTVLF ) expects 2025 revenue between $1.17 billion and $1.20 billion, adjusted EBITDA between $254 million and $260 million, adjusted net income per diluted share between $1.60 and $1.66 and net capital expenditures of around $35 million.

The company said it is closely monitoring the evolving governmental foreign trade environment and believes it has the appropriate mechanisms in place to adapt.

"2025 will be another exciting year, as we complete our supply chain transformation and deploy improved promotions and pricing tools to enable a return to same-store sales and profit growth as we progress through the year," said Pet Valu ( PTVLF ) Chief Executive Richard Maltsbarger.

Shares of the company closed up $0.59 or 2.5%, to $24.12 on Monday on the Toronto Stock Exchange.