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Pet Valu Holdings Ltd T.PET

Alternate Symbol(s):  PTVLF

Pet Valu Holdings Ltd. is a Canadian specialty retailer of pet food and pet-related supplies. The Company has over 800 corporate-owned or franchised locations across the country. Through its neighborhood stores and digital platform, the Company offers more than 9,000 competitively priced products, including an assortment of premium, super premium and holistic brands. Its family of stores consists of Pet Valu, Bosley’s by Pet Valu, Total Pet and Tisol Pet Nutrition & Supply. Its product categories include puppy essentials, dog food, dog treats, dog toys, dog collars, leashes & harnesses, dog carriers & travel, kitten essentials, cat food, cat litter & litter boxes, cat bowls & feeding, small pet food, treats & hay and aquariums, kits & tanks. Its brands include Performatrin Ultra, ACANA, Royal Canin, ORIJEN, Go! Solutions, Performatrin Prime, Hill's Science Diet, Big Country Raw, Open Farm and Stella & Chewy’s, Purina Proplan, Purina Pro Plan, and Weruva.


TSX:PET - Post by User

Post by retiredcfon Aug 08, 2023 1:20pm
126 Views
Post# 35577856

Stifel

StifelAn interesting comment from yet another analyst. GLTA

Retailer Pet Valu Holdings Ltd. slipped after the premarket release of its second-quarter results on concerns of slowing sales growth.

The Markham, Ont.-based company reported adjusted earnings per share of 36 cents, down 8 per cent year-over-year and 2 cents higher than the Street’s expectation. However, same-store sales increased just 6 per cent, falling short of the 9-per-cent projection.

“The company maintained its 2023 guidance calling for same-store-sales growth of 7-10 per cent but limited EPS growth of 2.5 per cent year-over-year due to gross margin pressure from currency headwinds,” said analyst Martin Landry of Stifel. “The rollout of Pet Valu’s new distribution center in the GTA is on plan with shipments expected to start this month. We expect PET’s shares to be up today on the back of these results although the lower than anticipated same-store-sales may be in focus. Same-store-sales will need to accelerate (vs. Q2/23 levels) in the back half for PET to meet its 2023 SSS guidance.”

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