Pet Valu management commentary attributes Q3 2026 net income growth to higher operating income, lower interest expense

• Pet Valu management commentary attributed Q3 2026 net income growth of 5.8% to higher operating income, lower interest expense and foreign-exchange gains.
• Revenue rose 3.5% to CAD 299.52 million, driven by new and acquired stores, same-store sales growth and higher wholesale merchandise sales.
• Same-store sales increased 1.5%, primarily reflecting higher average spending per transaction rather than transaction growth.
• Gross margin fell to 32.5%, reflecting price investments, higher fuel and occupancy costs, partly offset by distribution efficiencies.
• Adjusted EBITDA increased 4.8% to CAD 66.62 million, supported by higher refranchising gains, lower underlying administrative expenses and higher gross profit.

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