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Pet Valu Reports Revenue Growth and Sets Positive Outlook for 2025

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Pet Valu Reports Revenue Growth and Sets Positive Outlook for 2025

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Pet Valu Holdings Ltd. ( (TSE:PET) ) just unveiled an announcement.

Pet Valu Holdings Ltd. reported a 4% increase in revenue and a 7% rise in adjusted EBITDA for the fiscal year 2024, with net income reaching $87 million. The company opened 19 new stores, bringing its total to 824, and declared a 9% increase in its quarterly dividend. Looking ahead to 2025, Pet Valu anticipates further growth with expected revenue between $1.17 and $1.20 billion, and plans to complete its supply chain transformation to enhance same-store sales and profit growth.

More about Pet Valu Holdings Ltd.

Pet Valu Holdings Ltd. is a leading Canadian specialty retailer focused on pet food and pet-related supplies. The company operates a network of stores across Canada, offering a wide range of products for pet owners.

YTD Price Performance: -7.29%

Average Trading Volume: 55,699

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$1.66B

For an in-depth examination of PET stock, go to TipRanks’ Stock Analysis page.

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