09:02 AM EST, 11/05/2024 (MT Newswires) -- Pet Valu Holdings Ltd. ( PTVLF ) on Tuesay reported Q3 2024 adjusted diluted earnings of $29.9 million, or $0.41 per share, up from $28.2 million or $0.39 a year earlier. Analysts polled by Capital IQ expected $0.34.

Revenue for the quarter ended Sept. 28 was $276.0 million, up 5.2% from $262.3 million a year earlier, beating a Capital IQ forecast of $268 million.

On its 2024 outlook, Pet Valu Holdings ( PTVLF ) expects revenue between $1.08-1.10 billion, supported by approximately 40 new store openings and flat same-store sales growth, and also expects adjusted EBITDA between $243-$246 million and adjusted net income per share between $1.50-1.53.

The board declared a CA$0.11 per common share dividend, payable on Dec. 16 to shareholders on record by Nov. 29.

PET rose $0.32 or 1.25% to $25.47 yesterday.