TSX:PET - Post Discussion
Post by
retiredcf on Mar 07, 2023 9:29am
Globe & Mail
PET VALU HIKES DIVIDEND
Decent payout increase – to $0.10 from $0.06 – from a bit of a market darling as people brought in pandemic pets. Turns out people still have a zeal for spending on their furry friends (or somewhat less furry friends – our iguana Dali is wildly spoiled). System-wide sales were up 25 per cent, and sales at stores open at least a year were up 11.8 per cent. As for the outlook, the company expects 2023 revenue to come in at as much as $1.075 billion, driven by same-store sales growth of up to 10 per cent.
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