Pet Valu Holdings Ltd., the leading Canadian specialty retailer of pet food and pet-related supplies, announced on Tuesday its financial results for the fourth quarter and fiscal year ended January 3, 2026, showing strong sales growth and the opening of new stores.
“We closed out 2025 with solid operational execution in Q4 amid heightened value-seeking and competitive activity,” said Greg Ramier, Chief Executive Officer of Pet Valu. “Through our decisive actions in 2025, we continued to gain market share, drove growth led by our proprietary brands, and increased units per transaction, all while supporting our franchisees’ success.
“As we celebrate our 50th anniversary in 2026, we plan to strengthen our legacy and leadership in the Canadian pet industry through a continued focus on convenience, quality, value and expertise, while delivering benefits from recent investments,” continued Mr. Ramier. “Together, we expect these actions to support solid revenue and profit growth, enabling compelling returns to shareholders in the near and long term.”
Fourth Quarter Highlights
- System-wide sales were $423.7 million, an increase of 9.2% versus Q4 2024. Same-store sales growth was 0.3%.
- Revenue was $326.4 million, up 10.6% versus Q4 2024.
- Adjusted EBITDA was $74.6 million, up 9.4% versus Q4 2024, representing 22.9% of revenue. Operating income was $48.1 million, up 0.5% versus Q4 2024.
- Adjusted Net Income was $34.0 million or $0.49 per diluted share, compared to $32.2 million or $0.45 per diluted share, respectively, in Q4 2024. Net income was $29.4 million, up 1.6% versus Q4 2024.
- Opened 14 new stores and ended the quarter with 863 stores across the network.
- Free cash flow was $37.0 million, compared to $41.0 million in Q4 2024.
- Subsequent to Q4 2025, the Board of Directors of the Company declared a dividend of $0.13 per common share.
Fiscal Year Highlights
- System-wide sales were $1,533.5 million, an increase of 5.6% versus the prior year. Same-store sales growth was 1.6%.
- Revenue was $1,175.6 million, up 7.1% versus the prior year.
- Adjusted EBITDA was $257.1 million, up 4.1% versus the prior year, representing 21.9% of revenue. Operating income was $164.2 million, up 5.7% versus the prior year.
- Adjusted Net Income was $113.2 million or $1.61 per diluted share, compared to $113.3 million or $1.57 per diluted share, respectively, in the prior year. Net income was $97.8 million, up 11.9% versus the prior year.
The company is headquartered in Markham, Ontario and has distribution centres in Brampton, Ontario, Surrey, British Columbia and Calgary, Alberta.
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