MARKHAM — Pet Valu Holdings Ltd. raised its dividend as it reported a fourth-quarter profit of $29.4 million and a more than 10 per cent increase in revenue compared with a year earlier.

The pet food and pet supply retailer says it will now pay a quarterly dividend of 13 cents per share, up from 12 cents per share.

The increased payment to shareholders came as the company said it earned 42 cents per diluted share for the 14-week period ended Jan. 3. The result compared with a profit of $28.9 million or 40 cents per diluted share for the 13-week period ended Dec. 28, 2024.

Revenue for the quarter totalled $326.4 million, up from $295.1 million, helped in part by the extra week. Excluding the extra week, Pet Valu says revenue totalled $305.5 million in its fourth quarter of 2025.

Same-store sales growth amounted to 0.3 per cent.

On an adjusted basis, Pet Valu says it earned 49 cents per diluted share in its latest quarter, up from an adjusted profit of 45 cents per diluted a year earlier.

This report by The Canadian Press was first published March 3, 2026.

Companies in this story: (TSX:PET)

The Canadian Press