Pet Valu Reports Third Quarter 2025 Results

Executive Summary

• Pet Valu reported Q3 2025 revenue of $289.5 M (+4.9% YoY) and system‑wide sales of $373.9 M (+4.4% YoY).
• Adjusted EBITDA was $63.6 M (down 1.5% YoY) at 22.0% of revenue; net income rose to $24.9 M (+7.4%).
• The Board declared a dividend of $0.12 per common share and provided FY 2025 outlook: revenue $1.175‑$1.185 B, Adjusted EBITDA $257‑$260 M, Adjusted Net Income $1.63‑$1.66 per diluted share, and CapEx ≈ $45 M.

Key Details

• Revenue & Sales – Revenue $289.5 M (↑4.9% YoY); system‑wide sales $373.9 M (↑4.4%). Same‑store sales growth 2.3%.
• Profitability – Adjusted EBITDA $63.6 M (↓1.5% YoY), representing 22.0% of revenue; Operating income $41.9 M (↑3.9%). Net income $24.9 M (↑7.4%). Adjusted Net Income $27.6 M ($0.40 per diluted share, ↓2.4% YoY).
• Store Expansion – Opened 16 new stores; total store count 849 at quarter‑end. New Calgary distribution centre officially opened.
• Cash Flow – Free cash flow $24.7 M (down from $30.8 M YoY); cash balance $14.8 M. Net Capital Expenditures $8.3 M (↓$5.6 M YoY).
• Dividends – Board declared dividend of $0.12 per common share payable Dec 15, 2025 (record date Nov 28, 2025).
• FY 2025 Outlook – Revenue $1.175‑$1.185 B; Adjusted EBITDA $257‑$260 M; Adjusted Net Income $1.63‑$1.66 per diluted share; CapEx ≈ $45 M. Assumes ~40 new store openings and 2% same‑store sales growth.
• Conference Call – Q3 results call scheduled Nov 4, 2025 at 8:30 a.m. ET (dial‑in details provided).

Notable Quotes

“We delivered another quarter of responsible growth in Q3… our stores and digital channel are well set as we head into the holiday season…” – Greg Ramier, CEO, Pet Valu.