Pet Valu Holdings Ltd., the leading Canadian specialty retailer of pet food and pet-related supplies, announced Tuesday its financial results for the third quarter ended September 27, 2025, indicating growth in sales, revenue and net income.
“We delivered another quarter of responsible growth in Q3, highlighted by further share gains, continued same-store transaction growth and leverage on our supply chain investments,” said Greg Ramier, Chief Executive Officer of Pet Valu. “I am incredibly thankful for our people, whose dedication to serving our customers creates a meaningful point of difference in today’s environment.
“Our stores and digital channel are well set as we head into the holiday season, supported by a robust commercial plan that will thrill pet parents, while providing everyday value they can count on.
“With a great team, strong assets, and a clear strategy, Pet Valu is well positioned to deliver memorable moments and trusted expertise to devoted pet lovers, while driving long-term growth and value for all our stakeholders.”
Third Quarter Highlights
- System-wide sales were $373.9 million, an increase of 4.4% versus Q3 2024. Same-store sales growth was 2.3%.
- Revenue was $289.5 million, up 4.9% versus Q3 2024.
- Adjusted EBITDA was $63.6 million, down 1.5% versus Q3 2024, representing 22.0% of revenue. Operating income was $41.9 million, up 3.9% versus Q3 2024.
- Net income was $24.9 million, up 7.4% versus Q3 2024.
- Adjusted Net Income was $27.6 million or $0.40 per diluted share, compared to $29.9 million or $0.41 per diluted share, respectively, in Q3 2024.
- Opened 16 new stores and ended the quarter with 849 stores across the network.
- Free cash flow was $24.7 million, compared to $30.8 million in Q3 2024.
- Officially opened the new Calgary distribution centre.
- Subsequent to Q3 2025, the Board of Directors of the Company declared a dividend of $0.12 per common share.
The company said it expects revenue between $1.175 and $1.185 billion, Adjusted EBITDA between $257 and $260 million, Adjusted Net Income per Diluted Share between $1.63 and $1.66 and Net Capital Expenditures of approximately $45 million in 2025.
Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. It is headquartered in Markham, Ontario and has distribution centres in Brampton, Ontario, Surrey, British Columbia and Calgary, Alberta.
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