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Pet Valu Holdings, a Canadian based pet store operator, has seen steady growth in net income and has opened a regional distribution centre in Vancouver. The company is investing in expansion, which is expected to bolster its top and bottom lines in future quarters. With a strong EBITDA margin and plans to open new stores and distribution centres, Pet Valu is positioned for growth in the healthy pet industry. Despite some quarterly misses, the stock is currently undervalued, making it an attractive entry point for investors.
Canada's largest retailer in the space. Industry growth driven by pet adoption, and higher spending per pet. Really strong 22% EBITDA margins. Healthy free cashflow, reinvested in opening new stores and distribution centres. Consistently beats consensus.
Same-store sales growth has slowed since pandemic moves. Stock's corrected to 19x earnings, really good buy considering earnings quality and plans for growth. Yield is 1.4%.
Is the leading pet retailer in Canada as pet adoption continues to grow. This business is recession-proof. The valuation had to come in. Organic same-store sales growth has slowed a little, but management has delivered by expanding store count in underserved markets. The PE has fallen from 30x to 15x and now is 17-20x, which is reasonable considering growth potential and cash flow.
It is a good price so he is adding more. It works on a franchise basis, has good management, and it is the only company expanding outside city centres. The only overhang is a big private equity company that owns a controlling position has been peeling off stock. However there is healthy organic growth going forward. Lots of pets were bought during the pandemic and they need food.
Pet Value reported better-than-expected adjusted earnings per share but lower-than-expected same-store sales growth. Adjusted EPS of $0.36 declined 7% year-over-year missing estimates of $0.34. Same-store sales growth came in at 6%, driven by a 4.8% increase in transaction count. Revenue increased 13% year-over-year to $256.4 million, missing estimates slightly of $257.2 million. Adjusted EBITDA rose 4%, while the street called for a 1% decline. Gross margin improved by 1.5% year-over-year to 36.1% vs consensus of 34.6%. Management left the 2023 guidance unchanged at revenue of $1.05 to $1.08 million, same-store sales growth of 7% to 10%, and new store operations of 40-50 stores. The quarter overall was a miss and the guidance came in slightly lower than consensus.
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A fine business with dominant market share. American upstart, Chewy, spooked investors by expanding to Canada, but he isn't worried. His problem is valuation vs. growth rate, so shares are fairly valued now. Long term you will do okay, but it's not exciting for him now.
It missed on expectations last week so the stock is down. It is interesting to note that its emphasis will now be on rural markets. There is more pricing power and less competition in rural areas. Also pet ownership in these areas is high.
Leading pet supplies in Canada by far. Covid drove pet adoption and they need to be fed. There's higher spending per pet, too. He bought on a dip. They are growing double-digit growth and have raised guidance. Keep beating the street. A recession-resistant business.
(Analysts’ price target is $45.17)Pet Valu Holdings is a Canadian stock, trading under the symbol PET-T on the Toronto Stock Exchange (PET-CT). It is usually referred to as TSX:PET or PET-T
In the last year, 1 stock analyst published opinions about PET-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Pet Valu Holdings.
Pet Valu Holdings was recommended as a Top Pick by on . Read the latest stock experts ratings for Pet Valu Holdings.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Pet Valu Holdings In the last year. It is a trending stock that is worth watching.
On 2024-12-13, Pet Valu Holdings (PET-T) stock closed at a price of $25.01.
We reiterate this Canadian based Pet store operator. Recently reported earnings showed a 28% increase in net income. The company has opened its Vancouver regional distribution centre, positioning well ahead of the holiday season. We like that cash reserves are growing, while debt is retired. We recommend trailing up the stop (from $16) to $18, looking to achieve $32 -- upside of 25%. Yield 1.7%
(Analysts’ price target is $31.82)