Canada · Delayed Price · Currency is CAD Pet Valu Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 delivered improved profitability, with gross margin at 32.5% and adjusted EBITDA margin at 22.4%, driven by strategic commercial and cost actions. Revenue grew 3.6% year-over-year, digital and loyalty channels expanded, and guidance for 2026 was reiterated despite macro uncertainties.
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Shareholders approved all motions, including director elections and auditor appointment. Fiscal 2025 saw 7% revenue growth, strong cash flow, and record returns to shareholders, with strategic investments in supply chain and digital expansion continuing into 2026.
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Revenue grew 3% year-over-year in Q1 2026, driven by strong loyalty and omnichannel growth, but margins were pressured by heightened value-seeking and rising fuel costs. Full-year guidance anticipates 2–4% revenue growth and a 21% adjusted EBITDA margin, with continued capital returns to shareholders.
Fiscal Year 2025
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Revenue and adjusted EBITDA met guidance despite macro headwinds, with proprietary brands and digital channels driving growth. 2026 outlook calls for 2–4% revenue growth, flat to 2% same-store sales, and continued strong free cash flow and shareholder returns.
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Q3 saw 4% system-wide sales growth and 5% revenue growth, with improved margins and strong free cash flow. Guidance for 2025 was narrowed, reflecting macro uncertainty, but continued store expansion, digital growth, and supply chain leverage are expected to drive profitability and market share gains.
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Q2 2025 saw strong sales and earnings growth, with revenue up 6% and adjusted EBITDA up 4% year-over-year. Guidance for 2025 was raised, reflecting continued momentum, supply chain efficiencies, and robust market share gains, while a CEO succession was announced.
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Q1 2025 delivered 7% revenue growth, 4% adjusted EBITDA growth, and strong wholesale momentum, driven by supply chain transformation, new store openings, and digital enhancements. Guidance for 2025 is reaffirmed, with continued focus on agility amid evolving trade and consumer trends.
Fiscal Year 2024
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Revenue grew 4% to CAD 1.1B in 2024, with adjusted EBITDA up 7% and strong free cash flow exceeding CAD 100M. 2025 guidance calls for 7–9% revenue growth, 40 new stores, and continued focus on proprietary brands, digital, and shareholder returns.
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Revenue grew 5% year-over-year in Q3 2024, driven by wholesale expansion and franchise growth, while adjusted EBITDA rose 13% and free cash flow surpassed prior years. Same-store sales declined 2.5% due to discretionary softness, but needs-based categories remained strong. Guidance was narrowed, with 2024 revenue expected at CAD 1.08–1.1 billion and adjusted EBITDA at CAD 243–246 million.
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Revenue and adjusted EBITDA grew 3% and 7% year-over-year, respectively, with strong performance in consumables and services offset by softness in discretionary categories. Guidance was trimmed due to slower industry growth, but cost controls and supply chain productivity support margin expansion and robust free cash flow.