Pet Valu Q3 profit $26.3M, same-store sales up 1.5%

Pet Valu Holdings Ltd. (TSX:PET) reported third-quarter net income of $26.3 million, up 5.8 per cent from a year earlier, on revenue of $299.5 million, up 3.5 per cent. The Markham, Ont.-based pet food and supplies retailer said same-store sales grew 1.5 per cent and updated its 2026 outlook in its Nov. 10, 2026, news release.

Adjusted net income, adjusted EBITDA and free cash flow are non-GAAP measures as defined by the company. Adjusted EBITDA was 22.2 per cent of revenue, up from 22.0 per cent. System-wide sales were $388.6 million, up 3.9 per cent, and free cash flow was $25.2 million compared with $24.7 million. Gross profit margin slipped to 32.5 per cent from 33.0 per cent, which Pet Valu attributed to price investments made in late 2025, higher fuel costs and higher occupancy costs, partly offset by efficiencies from its new distribution centres.

Same-store sales growth came from a 1.4 per cent rise in average spend per transaction and a 0.1 per cent rise in transactions. The company opened seven new stores in the quarter and ended it with 882 stores. Its fiscal quarter ended Oct. 3, 2026.

For 2026, Pet Valu now expects revenue growth of between 2.5 and 3.5 per cent on a 52-week comparable basis, an adjusted EBITDA margin of about 21.5 per cent, and adjusted net income per diluted share growth in the low single digits. Chief executive Greg Ramier said in the release that the company delivered strong third-quarter performance “in a constrained consumer environment.” The board declared a dividend of 13 cents per common share.

The figures come from Pet Valu’s Nov. 10, 2026, news release. For the market backdrop, see our report on Monday’s TSX close.

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