Pet Valu Posts Strong Growth and Optimistic Outlook

Pet Valu Holdings Ltd. (TSE:PET) has released an update.

Pet Valu Holdings Ltd. has reported an increase in Q4 revenue by 7.8% and a substantial 20.2% rise in adjusted EBITDA, alongside a dividend hike and positive projections for 2024. The company’s strong performance includes an 8% revenue growth in Q4, a 10.9% rise for the fiscal year, and plans to open 40-50 new stores. Despite net income falling, adjusted net income saw modest gains, reflecting a resilient business strategy and optimism for continued expansion in the Canadian pet industry.

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