Published • loading... • Updated
Pet Valu reports second-quarter profit up from a year ago as revenue also higher
- On Tuesday, Pet Valu Holdings Ltd. reported Q2 2026 revenue of $290.7 million, a 3.6% increase from Q2 2025, while opening 7 new stores to reach 877 locations across its Canadian network.
- Net income rose to $24.9 million for the second quarter, up from $21.8 million a year ago, driven by higher operating income despite a 0.2% decline in same-store sales.
- Adjusted EBITDA reached $65.0 million, an 8.0% increase, while earnings per diluted share rose to $0.41. CEO Greg Ramier said, "Our teams delivered improved profitability" amid strong demand for the company's differentiated offering.
- On Monday, August 10, 2026, the company's Board of Directors declared a dividend of $0.13 per common share payable on September 15, 2026, to shareholders of record as of August 31, 2026.
- For fiscal 2026, Pet Valu expects revenue growth between 2% and 4% supported by approximately 40 new store openings. The company plans business reinvestment of approximately $35 million, including $20 million in capital expenditures and $15 million in transformation costs.
Insights by Ground AI
16 Articles
16 Articles
The Toronto Star+2 Reposted by 2 other sources
Pet Valu Reports Second Quarter 2026 Results
Grows Revenue 4%, Adjusted EBITDA(1) 8% and Net Income 14%
·Toronto, Canada
Read Full Article
Coverage Details
Total News Sources16
Leaning Left7Leaning Right3Center3Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
54% Left
L 54%
C 23%
R 23%
Factuality
To view factuality data please Upgrade to Premium
