TSX:PET - Post Discussion
Post by
retiredcf on Oct 27, 2022 11:43am
National Bank
11:20 AM EDT, 10/27/2022 (MT Newswires) -- National Bank on Wednesday previewed Pet Valu Holdings Ltd.'s (PET.TO) third-quarter results while maintaining a sector perform rating with a price target of $42.
The analysts said demand is expected to remain strong amid elevated uncertainty.
The analysts projected third-quarter same-store sales growth of 11.2% as compared with 2021 at 20.3%. The same-store sales growth projection is based on basket growth of 3% and transaction growth of 8%.
The analysts projected sales of $234 million as compared with the consensus of $229 million.
The company's shares edged down 0.4% on last look on Thursday.
Price: 37.10, Change: -0.16, Percent Change: -0.43
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