Recent Insider Transactions • May 17
Independent Director recently bought CA$173k worth of stock On the 14th of May, Carmen Fortino bought around 10k shares on-market at roughly CA$17.26 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Declared Dividend • May 15
First quarter dividend of CA$0.13 announced Shareholders will receive a dividend of CA$0.13. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 90% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Live News • May 15
Pet Valu Targets 40 New Stores as Margins Face Pressure and Profit Falls in Q1 Pet Valu reported Q1 2026 revenue growth of 3%, supported by 8 new store openings that brought its network to 870 locations, and it plans about 40 new stores this year, mainly in rural markets.
The company updated its 2026 outlook to revenue growth of 2% to 4% and is targeting an adjusted EBITDA margin of around 21%, while continuing dividends of $0.13 per share and share buybacks.
Q1 2026 net income was $20.0 million, down from $21.8 million a year earlier, with diluted EPS moving from 31 cents to 29 cents as flat same-store sales and higher operating expenses put pressure on margins and led management to cut full-year earnings guidance to be similar to 2025 levels.
The mix of modest revenue growth, margin pressure and a reduced earnings outlook points to a company leaning on store expansion, private labels and cost control rather than relying on strong same-store sales growth.
Investors may want to watch whether Pet Valu can hold its targeted 21% adjusted EBITDA margin while adding new stores and returning cash through dividends and buybacks in what management calls a challenging Canadian pet retail market. Price Target Changed • May 13
Price target decreased by 20% to CA$25.60 Down from CA$32.05, the current price target is an average from 10 analysts. New target price is 45% above last closing price of CA$17.65. Stock is down 39% over the past year. The company posted earnings per share of CA$1.41 last year. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: CA$0.29 (vs CA$0.31 in 1Q 2025) First quarter 2026 results: EPS: CA$0.29 (down from CA$0.31 in 1Q 2025). Revenue: CA$287.9m (up 3.2% from 1Q 2025). Net income: CA$20.0m (down 7.9% from 1Q 2025). Profit margin: 7.0% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$17.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Specialty Retail industry in Canada. Total loss to shareholders of 48% over the past three years. Board Change • May 01
High number of new directors Independent Director Matt Reindel was the last director to join the board, commencing their role in 2026. Announcement • Apr 29
Pet Valu Holdings Ltd. to Report Q1, 2026 Results on May 12, 2026 Pet Valu Holdings Ltd. announced that they will report Q1, 2026 results at 6:30 AM, US Eastern Standard Time on May 12, 2026 Upcoming Dividend • Mar 24
Upcoming dividend of CA$0.13 per share Eligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (5.7%). Lower than average of industry peers (3.4%). Declared Dividend • Mar 05
Fourth quarter dividend increased to CA$0.13 Dividend of CA$0.13 is 8.3% higher than last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 90% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Mar 04
Price target decreased by 14% to CA$32.75 Down from CA$38.20, the current price target is an average from 10 analysts. New target price is 33% above last closing price of CA$24.58. Stock is down 6.4% over the past year. The company posted earnings per share of CA$1.41 last year. Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: CA$1.41 (vs CA$1.22 in FY 2024) Full year 2025 results: EPS: CA$1.41 (up from CA$1.22 in FY 2024). Revenue: CA$1.18b (up 7.1% from FY 2024). Net income: CA$97.8m (up 12% from FY 2024). Profit margin: 8.3% (up from 8.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CA$25.19. The fair value is estimated to be CA$32.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years, while earnings per share has been flat. Announcement • Feb 23
Pet Valu Holdings Ltd., Annual General Meeting, May 12, 2026 Pet Valu Holdings Ltd., Annual General Meeting, May 12, 2026. Announcement • Feb 05
Pet Valu Holdings Ltd. to Report Q4, 2025 Results on Mar 03, 2026 Pet Valu Holdings Ltd. announced that they will report Q4, 2025 results at 6:30 AM, US Eastern Standard Time on Mar 03, 2026 Buy Or Sell Opportunity • Jan 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to CA$27.57. The fair value is estimated to be CA$34.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 2.6%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Announcement • Jan 13
Pet Valu Holdings Ltd. Announces Board Changes Pet Valu Holdings Ltd. announced the appointment of Carmen Fortino to its board of directors effective January 12, 2026, succeeding Kevin Hofmann, and the anticipated appointment of Matt Reindel to the Board effective April 1, 2026, to succeed Patrick Hillegass. Mr. Fortino brings over five decades of Canadian retail experience, predominantly in the food retail sector. He is currently Executive Vice President, National Supply Chain and Procurement at Metro Inc., overseeing strategic sourcing and distribution for one of Canada’s leading food retailers. Prior to joining Metro in 2014, Mr. Fortino held several leadership positions in the health and wellness space, and served in positions of increasing responsibility over more than 20 years at Loblaw Companies Ltd. and Fortinos Supermarkets Ltd. Pet Valu welcomed Matt Reindel to its Board. Subject To Approve the Board and completion of the Company’s process for onboarding new directors, Matt Reindel will be appointed to the Board effective April 1, 2026. Mr. Reindel is an accomplished finance executive with Canadian and international experience in the food retail and consumer-packaged goods sectors. Most recently, he served as Executive Vice President and Chief Financial Officer of Empire Company Limited. Prior to joining Empire in 2019, Mr. Reindel held several leadership positions at Nestlé for nearly 20 years, including Chief Financial Officer of Nestlé Nutrition North America and Nestlé Food Services for Asia, Oceania and Africa. In connection with the appointment of Mr. Fortino and Mr. Reindel to the Board, Pet Valu also announced the resignation of Kevin Hofmann as a director of Pet Valu effective January 11, 2026, and Patrick Hillegass’ intention to resign as a director effective March 31, 2026. Mr. Hofmann and Mr. Hillegass were nominees of PV Holdings S.à r.l., Roark Capital Partners II AIV AG, L.P., RCPS Equity Cayman LP and Roark Capital Partners Parallel II AIV AG, L.P. (collectively, the “Former Principal Shareholders”) on the Board pursuant to an investor rights agreement (the “Investor Rights Agreement”) between the Company and the Former Principal Shareholders, which provided the Former Principal Shareholders with certain contractual rights related to, among other things, the nomination of directors of the Company. Effective June 9, 2025, the Former Principal Shareholders had no remaining equity interest in the Company and the Investor Rights Agreement terminated in accordance with its terms. Mr. Hofmann and Mr. Hillegass continued as directors of the Company pending identification by the Board of suitable replacement directors. Buy Or Sell Opportunity • Dec 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to CA$27.74. The fair value is estimated to be CA$34.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 2.6%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Upcoming Dividend • Nov 21
Upcoming dividend of CA$0.12 per share Eligible shareholders must have bought the stock before 28 November 2025. Payment date: 15 December 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (3.2%). Declared Dividend • Nov 06
Third quarter dividend of CA$0.12 announced Shareholders will receive a dividend of CA$0.12. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 86% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 06
Pet Valu Holdings Ltd. Provides Earnings Guidance for the Year 2025 Pet Valu Holdings Ltd. provided earnings guidance for the year 2025. For the year, the company expects revenue between $1.175 billion and $1.185 billion. Announcement • Nov 05
Pet Valu Holdings Ltd. announces Quarterly dividend, payable on December 15, 2025 Pet Valu Holdings Ltd. announced Quarterly dividend of CAD 0.1200 per share payable on December 15, 2025, ex-date on November 28, 2025 and record date on November 28, 2025. Reported Earnings • Nov 05
Second quarter 2025 earnings released: EPS: CA$0.32 (vs CA$0.25 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.32 (up from CA$0.25 in 2Q 2024). Revenue: CA$280.6m (up 5.8% from 2Q 2024). Net income: CA$21.8m (up 22% from 2Q 2024). Profit margin: 7.8% (up from 6.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Buy Or Sell Opportunity • Nov 04
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CA$29.95. The fair value is estimated to be CA$40.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has declined by 4.8%. Revenue is forecast to grow by 8.2% in a year. Earnings are forecast to grow by 15% in the next year. Announcement • Oct 08
Pet Valu Holdings Ltd. to Report Q3, 2025 Results on Nov 04, 2025 Pet Valu Holdings Ltd. announced that they will report Q3, 2025 results at 6:30 AM, US Eastern Standard Time on Nov 04, 2025 Upcoming Dividend • Aug 24
Upcoming dividend of CA$0.12 per share Eligible shareholders must have bought the stock before 29 August 2025. Payment date: 15 September 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (2.5%). Declared Dividend • Aug 08
Second quarter dividend of CA$0.12 announced Shareholders will receive a dividend of CA$0.12. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 86% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Aug 06
Price target increased by 18% to CA$41.18 Up from CA$34.84, the current price target is an average from 11 analysts. New target price is 13% above last closing price of CA$36.29. Stock is up 50% over the past year. The company is forecast to post earnings per share of CA$1.43 for next year compared to CA$1.22 last year. Reported Earnings • Aug 05
Second quarter 2025 earnings released: EPS: CA$0.31 (vs CA$0.25 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.31 (up from CA$0.25 in 2Q 2024). Revenue: CA$280.6m (up 5.8% from 2Q 2024). Net income: CA$21.8m (up 22% from 2Q 2024). Profit margin: 7.8% (up from 6.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Jul 14
Price target increased by 7.4% to CA$34.84 Up from CA$32.45, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of CA$33.49. Stock is up 25% over the past year. The company is forecast to post earnings per share of CA$1.40 for next year compared to CA$1.22 last year. Announcement • Jul 10
Pet Valu Holdings Ltd. to Report Q2, 2025 Results on Aug 05, 2025 Pet Valu Holdings Ltd. announced that they will report Q2, 2025 results at 6:30 AM, US Eastern Standard Time on Aug 05, 2025 Buy Or Sell Opportunity • Jun 29
Now 21% undervalued Over the last 90 days, the stock has risen 23% to CA$32.64. The fair value is estimated to be CA$41.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 8.0%. Revenue is forecast to grow by 7.5% in a year. Earnings are forecast to grow by 13% in the next year. Announcement • Jun 09
Pet Valu Holdings Ltd. has completed a Follow-on Equity Offering in the amount of CAD 576.118633 million. Pet Valu Holdings Ltd. has completed a Follow-on Equity Offering in the amount of CAD 576.118633 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 19,969,450
Price\Range: CAD 28.85
Discount Per Security: CAD 1.154
Transaction Features: Rule 144A Announcement • Jun 04
Pet Valu Holdings Ltd. has filed a Follow-on Equity Offering in the amount of CAD 576.118633 million. Pet Valu Holdings Ltd. has filed a Follow-on Equity Offering in the amount of CAD 576.118633 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 19,969,450
Price\Range: CAD 28.85 Upcoming Dividend • May 23
Upcoming dividend of CA$0.12 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (3.0%). Announcement • May 18
Pet Valu Holdings Ltd. has completed a Follow-on Equity Offering in the amount of CAD 150.02 million. Pet Valu Holdings Ltd. has completed a Follow-on Equity Offering in the amount of CAD 150.02 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,200,000
Price\Range: CAD 28.85
Discount Per Security: CAD 1.154
Transaction Features: Regulation S Price Target Changed • May 13
Price target increased by 7.2% to CA$34.81 Up from CA$32.45, the current price target is an average from 9 analysts. New target price is 21% above last closing price of CA$28.86. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of CA$1.37 for next year compared to CA$1.22 last year. Announcement • May 13
Pet Valu Holdings Ltd. has filed a Follow-on Equity Offering in the amount of CAD 150.02 million. Pet Valu Holdings Ltd. has filed a Follow-on Equity Offering in the amount of CAD 150.02 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,200,000
Price\Range: CAD 28.85
Transaction Features: Regulation S Buy Or Sell Opportunity • May 09
Now 20% undervalued Over the last 90 days, the stock has risen 18% to CA$30.06. The fair value is estimated to be CA$37.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 8.0%. Revenue is forecast to grow by 7.5% in a year. Earnings are forecast to grow by 13% in the next year. Price Target Changed • May 07
Price target increased by 8.7% to CA$34.39 Up from CA$31.64, the current price target is an average from 11 analysts. New target price is 14% above last closing price of CA$30.11. Stock is down 2.2% over the past year. The company is forecast to post earnings per share of CA$1.37 for next year compared to CA$1.22 last year. Reported Earnings • May 06
First quarter 2025 earnings released: EPS: CA$0.31 (vs CA$0.24 in 1Q 2024) First quarter 2025 results: EPS: CA$0.31 (up from CA$0.24 in 1Q 2024). Revenue: CA$279.1m (up 7.0% from 1Q 2024). Net income: CA$21.8m (up 24% from 1Q 2024). Profit margin: 7.8% (up from 6.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Announcement • Apr 10
Pet Valu Holdings Ltd. to Report Q1, 2025 Results on May 06, 2025 Pet Valu Holdings Ltd. announced that they will report Q1, 2025 results at 6:30 AM, US Eastern Standard Time on May 06, 2025 Buy Or Sell Opportunity • Apr 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to CA$24.52. The fair value is estimated to be CA$31.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 7.9%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Upcoming Dividend • Mar 24
Upcoming dividend of CA$0.12 per share Eligible shareholders must have bought the stock before 31 March 2025. Payment date: 15 April 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (3.3%). Buy Or Sell Opportunity • Mar 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to CA$25.13. The fair value is estimated to be CA$31.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 7.9%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Declared Dividend • Mar 06
Fourth quarter dividend increased to CA$0.12 Dividend of CA$0.12 is 9.1% higher than last year. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 122% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 06
Pet Valu Holdings Ltd. Reports Unaudited Consolidated Impairments for the Fourth Quarter Ended December 28, 2024 Pet Valu Holdings Ltd. reported unaudited consolidated Impairments for the fourth quarter ended December 28, 2024. For the quarter, the company reported Impairment of property and equipment of CAD 216,000. Impairment of right-of-use assets was CAD 528,000. Reported Earnings • Mar 04
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CA$1.22 (down from CA$1.26 in FY 2023). Revenue: CA$1.10b (up 3.9% from FY 2023). Net income: CA$87.4m (down 2.4% from FY 2023). Profit margin: 8.0% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 17
Pet Valu Holdings Ltd., Annual General Meeting, May 06, 2025 Pet Valu Holdings Ltd., Annual General Meeting, May 06, 2025. Announcement • Feb 06
Pet Valu Holdings Ltd. to Report Q4, 2024 Results on Mar 04, 2025 Pet Valu Holdings Ltd. announced that they will report Q4, 2024 results at 6:30 AM, US Eastern Standard Time on Mar 04, 2025