Latest news with #PetValu
CTV News
05-08-2025
- Business
- CTV News
Pet Valu Holdings announces Greg Ramier as new CEO, reports Q2 profit of $21.8M
A Pet Valu store is pictured in Ottawa, Tuesday, Sept. 13, 2022. THE CANADIAN PRESS/Sean Kilpatrick MARKHAM — Pet Valu Holdings Ltd. says president Greg Ramier will become its CEO later this year. The Markham, Ont.-based retailer says Ramier will replace Richard Maltsbarger in the top job and be appointed to the company's board effective Sept. 21. After that date, Maltsbarger will become a senior advisor tasked with aiding with the leadership transition until he retires on April 4, 2026. The succession plan announcement comes as Pet Valu recorded a second-quarter profit of $21.8 million. That compared with $17.8 million a year earlier. On an adjusted basis, Pet Valu says it earned 38 cents per diluted share in the quarter ended June 28, up from an adjusted profit of 36 cents per diluted share a year ago. Revenue for the quarter totalled $280.6 million, up from $265.2 million a year ago. This report by The Canadian Press was first published Aug. 5, 2025.
Yahoo
05-08-2025
- Business
- Yahoo
Pet Valu Holdings announces Greg Ramier as new CEO, reports Q2 profit of $21.8M
MARKHAM — Pet Valu Holdings Ltd. says president Greg Ramier will become its CEO later this year. The Markham, Ont.-based retailer says Ramier will replace Richard Maltsbarger in the top job and be appointed to the company's board effective Sept. 21. After that date, Maltsbarger will become a senior advisor tasked with aiding with the leadership transition until he retires on April 4, 2026. The succession plan announcement comes as Pet Valu recorded a second-quarter profit of $21.8 million. That compared with $17.8 million a year earlier. On an adjusted basis, Pet Valu says it earned 38 cents per diluted share in the quarter ended June 28, up from an adjusted profit of 36 cents per diluted share a year ago. Revenue for the quarter totalled $280.6 million, up from $265.2 million a year ago. This report by The Canadian Press was first published Aug. 5, 2025. Companies in this story: (TSX:PET) The Canadian Press
Winnipeg Free Press
05-08-2025
- Business
- Winnipeg Free Press
Pet Valu Holdings announces Greg Ramier as new CEO, reports Q2 profit of $21.8M
MARKHAM – Pet Valu Holdings Ltd. says president Greg Ramier will become its CEO later this year. The Markham, Ont.-based retailer says Ramier will replace Richard Maltsbarger in the top job and be appointed to the company's board effective Sept. 21. After that date, Maltsbarger will become a senior advisor tasked with aiding with the leadership transition until he retires on April 4, 2026. The succession plan announcement comes as Pet Valu recorded a second-quarter profit of $21.8 million. That compared with $17.8 million a year earlier. On an adjusted basis, Pet Valu says it earned 38 cents per diluted share in the quarter ended June 28, up from an adjusted profit of 36 cents per diluted share a year ago. Revenue for the quarter totalled $280.6 million, up from $265.2 million a year ago. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published Aug. 5, 2025. Companies in this story: (TSX:PET)
Toronto Star
05-08-2025
- Business
- Toronto Star
Pet Valu Reports Second Quarter 2025 Results
Delivers 2.6% Same-Store Sales Growth(1), 6% Revenue Growth Raises 2025 Outlook and Announces Chief Executive Officer Succession Plan MARKHAM, Ontario, Aug. 05, 2025 (GLOBE NEWSWIRE) — Pet Valu Holdings Ltd. ('Pet Valu' or the 'Company') (TSX: PET), the leading Canadian specialty retailer of pet food and pet-related supplies, today announced its financial results for the second quarter ended June 28, 2025. Second Quarter Highlights System-wide sales(1) were $369.9 million, an increase of 4.6% versus Q2 2024. Same-store sales growth was 2.6%. System-wide sales(1) were $369.9 million, an increase of 4.6% versus Q2 2024. Same-store sales growth was 2.6%. Revenue was $280.6 million, up 5.8% versus Q2 2024. System-wide sales(1) were $369.9 million, an increase of 4.6% versus Q2 2024. Same-store sales growth was 2.6%. Revenue was $280.6 million, up 5.8% versus Q2 2024. Adjusted EBITDA(2) was $60.2 million, up 4.2% versus Q2 2024, representing 21.4% of revenue. Operating income was $36.7 million, up 8.7% versus Q2 2024. System-wide sales(1) were $369.9 million, an increase of 4.6% versus Q2 2024. Same-store sales growth was 2.6%. Revenue was $280.6 million, up 5.8% versus Q2 2024. Adjusted EBITDA(2) was $60.2 million, up 4.2% versus Q2 2024, representing 21.4% of revenue. Operating income was $36.7 million, up 8.7% versus Q2 2024. Net income was $21.8 million, up from $17.8 million in Q2 2024. System-wide sales(1) were $369.9 million, an increase of 4.6% versus Q2 2024. Same-store sales growth was 2.6%. Revenue was $280.6 million, up 5.8% versus Q2 2024. Adjusted EBITDA(2) was $60.2 million, up 4.2% versus Q2 2024, representing 21.4% of revenue. Operating income was $36.7 million, up 8.7% versus Q2 2024. Net income was $21.8 million, up from $17.8 million in Q2 2024. Adjusted Net Income(2) was $26.2 million or $0.38 per diluted share(3), compared to $25.9 million or $0.36 per diluted share, respectively, in Q2 2024. System-wide sales(1) were $369.9 million, an increase of 4.6% versus Q2 2024. Same-store sales growth was 2.6%. Revenue was $280.6 million, up 5.8% versus Q2 2024. Adjusted EBITDA(2) was $60.2 million, up 4.2% versus Q2 2024, representing 21.4% of revenue. Operating income was $36.7 million, up 8.7% versus Q2 2024. Net income was $21.8 million, up from $17.8 million in Q2 2024. Adjusted Net Income(2) was $26.2 million or $0.38 per diluted share(3), compared to $25.9 million or $0.36 per diluted share, respectively, in Q2 2024. Opened 3 new stores and ended the quarter with 833 stores across the network. System-wide sales(1) were $369.9 million, an increase of 4.6% versus Q2 2024. Same-store sales growth was 2.6%. Revenue was $280.6 million, up 5.8% versus Q2 2024. Adjusted EBITDA(2) was $60.2 million, up 4.2% versus Q2 2024, representing 21.4% of revenue. Operating income was $36.7 million, up 8.7% versus Q2 2024. Net income was $21.8 million, up from $17.8 million in Q2 2024. Adjusted Net Income(2) was $26.2 million or $0.38 per diluted share(3), compared to $25.9 million or $0.36 per diluted share, respectively, in Q2 2024. Opened 3 new stores and ended the quarter with 833 stores across the network. Repurchased for cancellation 2.3 million common shares for total consideration of $65.5 million. Free cash flow(2) was $27.1 million. System-wide sales(1) were $369.9 million, an increase of 4.6% versus Q2 2024. Same-store sales growth was 2.6%. Revenue was $280.6 million, up 5.8% versus Q2 2024. Adjusted EBITDA(2) was $60.2 million, up 4.2% versus Q2 2024, representing 21.4% of revenue. Operating income was $36.7 million, up 8.7% versus Q2 2024. Net income was $21.8 million, up from $17.8 million in Q2 2024. Adjusted Net Income(2) was $26.2 million or $0.38 per diluted share(3), compared to $25.9 million or $0.36 per diluted share, respectively, in Q2 2024. Opened 3 new stores and ended the quarter with 833 stores across the network. Repurchased for cancellation 2.3 million common shares for total consideration of $65.5 million. Free cash flow(2) was $27.1 million. The Board of Directors of the Company declared a dividend of $0.12 per common share. 2025 Outlook The Company expects revenue between $1.18 and $1.21 billion, Adjusted EBITDA between $257 and $262 million, Adjusted Net Income per Diluted Share between $1.63 and $1.68 and Net Capital Expenditures(2) of approximately $45 million. 'Our business strengthened throughout the quarter, with same-store sales and revenue growth supported by positive same-store transaction growth, supporting raising our overall outlook for the year,' said Richard Maltsbarger, Chief Executive Officer of Pet Valu. 'We are also excited to announce we have completed our multi-year distribution centre network transformation, creating an incredibly effective, omnichannel, coast-to-coast supply chain ready to support our long-term growth goal of over 1,200 stores.' Chief Executive Officer Succession Plan Pet Valu announced today that its Board of Directors unanimously approved the recommendation of Chief Executive Officer ('CEO'), Richard Maltsbarger, to implement a senior leadership succession plan. Greg Ramier, the Company's current President and Chief Operating Officer ('COO'), will succeed Mr. Maltsbarger as CEO and be appointed to the Company's Board of Directors effective September 21, 2025, coinciding with Pet Valu's annual store manager and franchise conference. ARTICLE CONTINUES BELOW Mr. Maltsbarger will continue in his role as CEO until September 21, 2025, after which he will move into the role of Senior Advisor to assist with the leadership transition until his retirement on April 4, 2026. Mr. Maltsbarger will continue to serve as a member of Pet Valu's Board of Directors until his retirement date. 'It's been the honour of my career to lead Pet Valu's evolution since 2018. Thanks to the passion of our ACEs and franchisees, and the support of our Board of Directors, we've become Canada's #1 pet specialty retailer in stores and market share serving Canada's most devoted pet lovers. Together, we transformed our customer-facing technologies and supply chain, expanded our loyalty and digital platforms, and opened more than 250 new stores — more than doubling revenue and quintupling net income,' said Mr. Maltsbarger. 'With this incredible momentum, now is the time to hand over the reins to Greg. I have every confidence as he leads Pet Valu's next chapter of growth, and I look forward to working closely with him as he transitions into the role.' 'On behalf of Pet Valu, I want to thank Richard for his incredible leadership and the lasting impact he has had on our business – from sharpening our strategy to elevating our culture – and his commitment to making this a successful transition. His vision and energy played a huge role in getting us to where we are today,' said Tony Truesdale, Chairman of Pet Valu's Board of Directors. 'Greg has been a driving force in the commercial momentum we have achieved over the past year, and we are excited to see him step into the CEO role.' Mr. Ramier joined Pet Valu as President & COO in August 2024 and has led several commercial planning and strategic initiatives that have contributed to the current sales and revenue momentum in the business. Mr. Ramier previously served over 20 years with Loblaw Companies Ltd., including senior executive positions leading the Market Division and Emerging Business segments, as well as experiences in financial services, supply chain, and retail operations. 'It's a real honour to step into the CEO role and I'm excited to carry the momentum forward as we continue to grow, innovate and deliver great experiences for our devoted pet lovers, our franchisees, and our ACEs,' said Mr. Ramier. 'I look forward to working with Richard over the coming months as we continue to deliver long-term growth.' Financial Results for the Second Quarter Fiscal 2025 All comparative figures below are for the 13-week period ended June 28, 2025, compared to the 13-week period ended June 29, 2024. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Revenue was $280.6 million in Q2 2025, an increase of $15.4 million, or 5.8%, compared to $265.2 million in Q2 2024. The increase in revenue was mostly driven by growth in franchise and other revenues, and retail sales. Same-store sales growth was 2.6% in Q2 2025, primarily driven by a 1.8% increase in same-store average spend per transaction growth(1) and by a 0.8% increase in same-store transaction growth(1). This is compared to flat same-store sales growth in Q2 2024, which primarily consisted of a 2.5% increase in same-store average spend per transaction growth partially offset by a 2.4% same-store transaction decline. Gross profit increased by $5.9 million, or 6.8%, to $93.6 million in Q2 2025, compared to $87.7 million in Q2 2024. Gross profit margin was 33.4% in Q2 2025, compared to 33.1% in Q2 2024. Excluding costs related to the supply chain transformation of 0.2% in Q2 2025 and 1.1% in Q2 2024, the gross profit margin was 33.6% in Q2 2025 and 34.2% in Q2 2024, respectively, and decreased by 0.6%. The decrease was primarily driven by: (i) higher wholesale merchandise sales; and (ii) higher distribution costs, from the new distribution centres, and occupancy costs. Selling, general and administrative ('SG&A') expenses were $56.9 million in Q2 2025, an increase of $3.0 million, or 5.6%, compared to $53.9 million in Q2 2024. SG&A expenses represented 20.3% of total revenue for Q2 2025 and Q2 2024. The increase of $3.0 million in SG&A expenses was primarily due to: (i) increased compensation costs; (ii) lower gain on sale of assets for re-franchised stores and other leasing costs; and (iii) higher marketing and advertising expenses; partially offset by (iv) lower technology expenditures related to the implementation of e-commerce tools. Adjusted EBITDA increased by $2.4 million, or 4.2%, to $60.2 million in Q2 2025, compared to $57.7 million in Q2 2024. The increase is explained by higher EBITDA(2) of $5.0 million and $2.6 million of net lower adjustments to EBITDA for Q2 2025 compared to Q2 2024 from lower transformation costs, and higher gain on foreign exchange, partially offset by higher share-based compensation. Adjusted EBITDA as a percentage of revenue(3) was 21.4% and 21.8% in Q2 2025 and Q2 2024, respectively. Net interest expense was $7.4 million in Q2 2025, a decrease of $1.2 million, or 14.1%, compared to $8.7 million in Q2 2024. The decrease was primarily driven by lower interest expense on the term facility resulting primarily from lower interest rates compared to Q2 2024. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Income taxes were $8.1 million in Q2 2025 compared to $7.0 million in Q2 2024, an increase of $1.1 million year over year. The increase in income taxes was primarily the result of higher taxable earnings in Q2 2025. The effective income tax rate was 27.1% in Q2 2025 compared to 28.2% in Q2 2024. The Q2 2025 and Q2 2024 effective tax rates were higher than the blended statutory rate of 26.5% due to non-deductible expenses. Net income increased by $4.0 million to $21.8 million in Q2 2025, compared to $17.8 million in Q2 2024. The increase in net income is primarily explained by higher operating income, lower net interest expense, and higher gain on foreign exchange, partially offset by higher income taxes, as described above. Adjusted Net Income increased by $0.3 million to $26.2 million in Q2 2025, compared to $25.9 million in Q2 2024. Adjusted Net Income as a percentage of revenue(3) was 9.3% in Q2 2025 and 9.8% in Q2 2024, respectively. The increase is explained by the changes in net income described above, and net lower adjustments for Q2 2025 compared to Q2 2024 from lower transformation costs, which include the adjustment for duplicative depreciation expense on property and equipment, and right-of-use assets and interest expense on lease liabilities related to the supply chain transformation initiatives, and higher gain on foreign exchange; partially offset by higher share-based compensation. Adjusted Net Income per Diluted Share increased by $0.02 to $0.38 in Q2 2025, compared to $0.36 in Q2 2024. The 5.6% year over year increase results primarily from the changes in Adjusted Net Income and the factors described above, and a lower weighted average number of common shares outstanding as a result of share repurchases. Cash at the end of the second quarter totaled $11.4 million. Net Capital Expenditures were $11.9 million in Q2 2025 compared to $12.5 million in Q2 2024, a decrease of $0.6 million primarily due to lower expenditures on store network expansion and lower proceeds on disposal of property and equipment from the sale of corporate-owned stores to franchisees. Free Cash Flow amounted to $27.1 million in Q2 2025 compared to $7.7 million in Q2 2024, an increase of $19.4 million primarily driven by an increase in cash from operating activities and a decrease in cash used for investing activities; partially offset by an increase in payments of principal and interest on lease liabilities due to store network expansion. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Inventory at the end of Q2 2025 was $140.6 million compared to $124.6 million at the end of Q4 2024, an increase of $16.0 million primarily in support of the growth of our store network and wholesale penetration. Dividends On August 4, 2025, the Board of Directors of the Company declared a dividend of $0.12 per common share payable on September 15, 2025 to holders of common shares of record as at the close of business on August 29, 2025. Outlook Fiscal 2025 will be a 53-week fiscal year for Pet Valu, compared to a 52-week fiscal year in Fiscal 2024. Factoring in YTD 2025 performance, together with market conditions and the impact of the 53rd week of operation in Fiscal 2025, the Company expects: Revenue between $1.18 and $1.21 billion, supported by approximately 40 new store openings, same-store sales growth between 1% and 4% and higher wholesale merchandise sales penetration; Revenue between $1.18 and $1.21 billion, supported by approximately 40 new store openings, same-store sales growth between 1% and 4% and higher wholesale merchandise sales penetration; Adjusted EBITDA between $257 and $262 million, which incorporates continued price investments and normalization of operating expenses; Revenue between $1.18 and $1.21 billion, supported by approximately 40 new store openings, same-store sales growth between 1% and 4% and higher wholesale merchandise sales penetration; Adjusted EBITDA between $257 and $262 million, which incorporates continued price investments and normalization of operating expenses; Adjusted Net Income per Diluted Share between $1.63 and $1.68, which incorporates approximately $12 million pre-tax, or $0.12 per diluted share, of incremental depreciation and lease liability interest expense associated with the new distribution centres; Revenue between $1.18 and $1.21 billion, supported by approximately 40 new store openings, same-store sales growth between 1% and 4% and higher wholesale merchandise sales penetration; Adjusted EBITDA between $257 and $262 million, which incorporates continued price investments and normalization of operating expenses; Adjusted Net Income per Diluted Share between $1.63 and $1.68, which incorporates approximately $12 million pre-tax, or $0.12 per diluted share, of incremental depreciation and lease liability interest expense associated with the new distribution centres; Transformation costs of approximately $13 million pre-tax, and share-based compensation of approximately $13 million pre-tax, both of which are excluded from Adjusted EBITDA and Adjusted Net Income per Diluted Share; and Revenue between $1.18 and $1.21 billion, supported by approximately 40 new store openings, same-store sales growth between 1% and 4% and higher wholesale merchandise sales penetration; Adjusted EBITDA between $257 and $262 million, which incorporates continued price investments and normalization of operating expenses; Adjusted Net Income per Diluted Share between $1.63 and $1.68, which incorporates approximately $12 million pre-tax, or $0.12 per diluted share, of incremental depreciation and lease liability interest expense associated with the new distribution centres; Transformation costs of approximately $13 million pre-tax, and share-based compensation of approximately $13 million pre-tax, both of which are excluded from Adjusted EBITDA and Adjusted Net Income per Diluted Share; and Net Capital Expenditures of approximately $45 million. The Company continues to monitor the evolving governmental foreign trade environment and believes it has the appropriate mechanisms in place to adapt, as necessary. The above Outlook is based on several assumptions, including, but not limited to, governmental foreign trade policies currently in place as of this release. (1) This is a supplementary financial measure. Refer to 'Non-IFRS and Other Financial Measures' below and to the section entitled 'How We Assess the Performance of Our Business' in the MD&A for the second quarter ended June 28, 2025, incorporated by reference herein, for the definitions of supplementary financial measures. A copy of the MD&A for the second quarter ended June 28, 2025 is available on SEDAR+ at (2) This is a non-IFRS financial measure. Non-IFRS financial measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS. They are therefore unlikely to be comparable to similar measures presented by other companies. Refer to 'Non-IFRS and Other Financial Measures' and 'Selected Consolidated Financial Information' below for a reconciliation of the non-IFRS measures (except for Net Capital Expenditures) used in this release to the most comparable IFRS measures. Also refer to the sections entitled 'How We Assess the Performance of Our Business', 'Non-IFRS and Other Financial Measures' and 'Selected Consolidated Financial Information and Industry Metrics' in the MD&A for the second quarter ended June 28, 2025 for further details concerning EBITDA, Adjusted EBITDA, Adjusted Net Income, Free Cash Flow, and Net Capital Expenditures including definitions and reconciliations to the relevant reported IFRS measure. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW (3) This is a non-IFRS ratio. Non-IFRS ratios are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS. They are therefore unlikely to be comparable to similar measures presented by other companies. Refer to 'Non-IFRS and Other Financial Measures' below and to the section entitled 'How We Assess the Performance of Our Business' in the MD&A for the second quarter ended June 28, 2025 for the definitions of non-IFRS ratios and each non-IFRS measure that is used as a component of such non-IFRS ratios. Conference Call Details A conference call to discuss the Company's second quarter results is scheduled for August 5, 2025, at 8:30 a.m. ET. To access Pet Valu's conference call, please dial 1-833-950-0062 (ID: 381882). A live webcast of the call will also be available through the Events & Presentations section of the Company's website at For those unable to participate, a playback will be available shortly after the conclusion of the call by dialing 1-866-813-9403 (ID: 521731) and will be accessible until August 12, 2025. The webcast will also be archived and available through the Events & Presentations section of the Company's website at About Pet Valu 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. For more than 45 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, a premium product offering and engaging in-store services. Through its neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of premium, super premium, holistic and award-winning proprietary brands. The Company is headquartered in Markham, Ontario and its shares trade on the Toronto Stock Exchange (TSX: PET). To learn more, please visit: Non-IFRS and Other Financial Measures This press release makes reference to certain non-IFRS measures and non-IFRS ratios. These measures and ratios are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS. They are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. Pet Valu uses non-IFRS measures, including 'EBITDA', 'Adjusted EBITDA', 'Adjusted Net Income', 'Free Cash Flow' and 'Net Capital Expenditures', and non-IFRS ratios, including 'Adjusted EBITDA as a percentage of revenue', 'Adjusted Net Income as a percentage of revenue', and 'Adjusted Net Income per Diluted Share'. This press release also makes reference to certain supplementary financial measures that are commonly used in the retail industry, including 'System-wide sales', 'Same-store sales growth (decline)', 'Same-store transaction growth (decline)' and 'Same-store average spend per transaction growth (decline)'. These non-IFRS measures, non-IFRS ratios and supplementary financial measures are used to provide investors with supplemental measures of Pet Valu's operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. The Company also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures, non-IFRS ratios and these supplementary financial measures in the evaluation of issuers. Management uses non-IFRS measures, non-IFRS ratios and supplementary financial measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and to determine components of management compensation. Refer to the MD&A for the second quarter ended June 28, 2025 for further information on non-IFRS measures, non-IFRS ratios (including each non-IFRS measure that is used as a component of such non-IFRS ratios) and supplementary measures, including for their definition and, for non-IFRS measures, a reconciliation to the most comparable IFRS measure. Forward-Looking Information Some of the information contained in this press release is forward-looking information. Forward-looking information is provided as at the date of this press release and is based on management's opinions, estimates and assumptions in light of its experience and perception of historical trends, current trends, current conditions and expected future developments, as well as other factors that management believes appropriate and reasonable in the circumstances. Such forward-looking information is intended to provide information about management's current expectations and plans, and may not be appropriate for other purposes. Pet Valu does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable Canadian securities laws. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Particularly, information regarding our expectations of future results, targets, performance achievements, prospects or opportunities, including the information under the headings '2025 Outlook' and 'Outlook' in this press release, is 'future-oriented financial information' or a 'financial outlook' within the meaning of applicable securities legislation, which is based on the factors and assumptions, and subject to the risks, as set out herein and in the Company's annual information form dated March 3, 2025 ('AIF'). In some cases, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'budget', 'scheduled', 'estimates', 'outlook', 'forecasts', 'projection', 'prospects', 'strategy', 'intends', 'anticipates', 'does not anticipate', 'believes', 'continue', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'should', 'might', 'will', 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Many factors could cause our actual results, level of activity, performance or achievements, future events or developments, or outlook to differ materially from those expressed or implied by the forward-looking information, including, without limitation, the factors discussed in the 'Risk Factors' section of the AIF. A copy of the AIF and the Company's other publicly filed documents can be accessed under the Company's profile on SEDAR+ at The Company cautions that the list of risk factors and uncertainties described in the AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating forward-looking information and are cautioned not to place undue reliance on such information. For more information: James Allison Senior Director, Investor Relations investors@ 289-806-4559 SELECTED CONSOLIDATED FINANCIAL INFORMATION Condensed Interim Consolidated Statements of Income (Unaudited, expressed in thousands of Canadian dollars, except per share amounts) Reconciliation of Net Income to EBITDA and Adjusted EBITDA (Unaudited, expressed in thousands of Canadian dollars unless otherwise noted) Notes: Reconciliation of Net Income to Adjusted Net Income (Unaudited, expressed in thousands of Canadian dollars unless otherwise noted) Notes: Condensed Interim Consolidated Statements of Cash Flows (Unaudited, expressed in thousands of Canadian dollars) Free Cash Flows (Unaudited, expressed in thousands of Canadian dollars) Condensed Interim Consolidated Statements of Financial Position (Unaudited, expressed in thousands of Canadian dollars)
Yahoo
10-07-2025
- Business
- Yahoo
Pet Valu Announces Timing of Second Quarter 2025 Earnings Release
MARKHAM, Ontario, July 10, 2025 (GLOBE NEWSWIRE) -- Pet Valu Holdings Ltd. ('Pet Valu' or the 'Company') (TSX: PET), the leading Canadian specialty retailer of pet food and pet-related supplies, will release its financial results for the second quarter of fiscal 2025 at approximately 6:30am ET on Tuesday, August 5, 2025, followed by a conference call at 8:30am ET. To participate in Pet Valu's conference call, please dial 1-833-950-0062 (ID: 381882). A live webcast of the call will also be available through the Events & Presentations section of the Company's website at For those unable to participate, a playback will be available shortly after the conclusion of the call by dialing 1-866-813-9403 (ID: 521731) and will be accessible until August 12, 2025. The webcast will also be archived and available through the Events & Presentations section of the Company's website at About Pet Valu 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. For more than 45 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands. The Company is headquartered in Markham, Ontario, and has distribution centres in Brampton, Ontario, Surrey, British Columbia and Calgary, Alberta. Its shares trade on the Toronto Stock Exchange (TSX: PET). To learn more, please visit: For more information:James Allison, Senior Director, Investor Relationsinvestors@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
