Pet Valu (TSE:PET) Releases Quarterly Earnings Results

Pet Valu (TSE:PET) announced its quarterly earnings results on Tuesday. The company reported C$0.31 earnings per share (EPS) for the quarter, FiscalAI reports. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%.The company had revenue of C$287.94 million during the quarter.

Here are the key takeaways from Pet Valu’s conference call:

• PetValue reported Q1 revenue growth of 3% and systemwide sales up 2.5%, which management said was in line with the midpoint of its full-year guidance.
• Gross margin declined as customers leaned harder into promotions and value-seeking behavior, with management also citing pressure from higher fuel costs beginning to hit transportation, freight, and procurement.
• The company said it continued to gain share, with loyalty penetration reaching an all-time high near 90% and more casual customers converting into monthly shoppers.
• PetValue remains active on store expansion and digital growth, opening eight stores in the quarter and seeing strong momentum in click-and-collect, online delivery, and Autoship subscriptions.
• Management updated full-year 2026 guidance to reflect the tougher fuel-cost and promotional environment, now expecting about 2% to 4% revenue growth, roughly a 21% adjusted EBITDA margin, and continued share buybacks/dividends.

Pet Valu Stock Performance

Shares of TSE PET opened at C$17.00 on Wednesday. The stock has a 50 day moving average price of C$21.77 and a 200 day moving average price of C$26.55. Pet Valu has a 52 week low of C$16.58 and a 52 week high of C$39.24. The stock has a market capitalization of C$1.17 billion, a PE ratio of 12.23 and a beta of 1.27.

Wall Street Analyst Weigh In

PET has been the subject of a number of research reports. Royal Bank Of Canada decreased their price objective on Pet Valu from C$33.00 to C$27.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Desjardins decreased their price objective on Pet Valu from C$38.00 to C$32.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Canadian Imperial Bank of Commerce downgraded Pet Valu from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$36.00 to C$28.00 in a report on Wednesday, March 4th. National Bank Financial reduced their price target on Pet Valu from C$28.00 to C$27.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Finally, TD Securities reduced their price target on Pet Valu from C$40.00 to C$34.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$31.17.

Pet Valu Company Profile

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.