Pet Valu Holdings Ltd. (TSE:PET) has released an update.
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Pet Valu Holdings Ltd. reported a revenue increase of 4.2% to $260.8 million in Q1 2024, with a significant 15.9% rise in Adjusted EBITDA to $56.6 million, despite a slight dip in net income. The company also opened 11 new stores, reaching a total of 794, and reaffirmed its 2024 revenue outlook, expecting up to $1.14 billion, buoyed by new store openings and projected same-store sales growth.
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