Pet Valu Holdings Ltd. · TSX:PET
Pet Valu — Q2 2026 Earnings Presentation
15 slides from Pet Valu's earnings presentation, Jul 4, 2026
Slide 1: Q2 2026 Financial & Operating Review
Q2 2026 Financial & Operating Review For 13-week period ended Jul. 4, 2026
Slide 2: Disclaimer
Disclaimer Forward-Looking Information This presentation contains forward-looking information. Forward-looking information is provided as of the date of this presentation and is based on management’s opinions, estimates and assumptions in light of its experience and perception of historical trends,
Slide 3: Today's Presenters
Today’s Presenters Greg Ramier Linda Drysdale Chief Executive Officer Chief Financial Officer This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada
Slide 4: Q2 2026 Highlights
Q2 2026 Highlights $291M 7 Revenue New Store Openings (+4% vs. Q2 2025) (15 year-to-date) $65M 7 Adjusted EBITDA Renovations, Expansions, (22% Adjusted EBITDA margin) Relocations $0.41 $38M Adj. Net Income per Diluted Share Capital returned to Shareholders ($25 million Net Income) ($18M in dividends
Slide 5: Our Key Focuses
Our Key Focuses Local & Everywhere Best Pet Customer Strong Wholesale & Pet Specialty Retailer Experience in Canada Retail Fundamentals • Opening new stores across Canada • Offering compassionate, expert • Driving efficiencies and in-store customer service productivity in our supply chain • Continua
Slide 6: Q2 2026 Key Financial Metrics
Q2 2026 Key Financial Metrics Q2 2026 vs. PY1 Drivers System-wide sales (“SWS”) $377.3 +2.0% • 45 new stores in last 12 months (“LTM”) Same-store sales decline (0.2%) --- • Basket2 +1.2% and Traffic2 (1.4)% Revenue $290.7 +3.6% • SWS growth and higher wholesale penetration • Price investments made i
Slide 7: Q2 2026 Key Financial Metrics
Q2 2026 Key Financial Metrics Liquidity Net Leverage Ratio1 $175M 2.3x cash + revolver capacity Consistent with Q1 2026 Inventory Net Capital Expenditures $134M ($2)M (5)% vs. Q2 2025 $5M year-to-date Free Cash Flow Share Repurchases $33M $20M 42% FCF conversion2 $35M year-to-date 1Net Leverage Rati
Slide 8: 2026 Outlook
2026 Outlook Revenue growth +2% to +4%1 …supported by… Same-store sales growth Flat to +2% New store openings ~40 Adj. EBITDA margin ~21% Adj. Net Income per Similar to Fiscal 20251 Diluted Share Business reinvestment ~$35M2 1 Expressed on a 52-week comparable basis for Fiscal 2025. 2 Includes appro
Slide 9: Our Mission
Our Misson To be Canada’s preferred pet retailer delivering the products, care, expertise, and memorable moments that devoted pet lovers want… locally in stores and everywhere online. This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted o
Slide 10: Appendix
Appendix This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada Inc. © 2026 Pet Valu Canada Inc. 10
Slide 11: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA Quarters Ended Jul. 4, 2026 Jun. 28, 2025 (13 weeks) (13 weeks) Net income $24,933 $21,810 (1) Represents (i) discrete, project-based implementation costs associated with new information technology systems related to transformational initiatives supporting finance s
Slide 12: Reconciliation of Adjusted Net Income
Reconciliation of Adjusted Net Income Quarters Ended Jul. 4, 2026 Jun. 28, 2025 (13 weeks) (13 weeks) Net income $24,933 $21,810 (1) Represents (i) discrete, project-based implementation costs associated with new information technology systems related to transformational initiatives supporting finan
Slide 13: Reconciliation of Net Capital Expenditures
Reconciliation of Net Capital Expenditures Quarters Ended Jul. 4, 2026 Jun. 28, 2025 (13 weeks) (13 weeks) Purchases of property and equipment $(4,707) $(11,947) Purchases of intangible assets (498) (414) Proceeds on disposal of property and equipment 7,064 66 Tenant allowances (51) 387 Net Capital
Slide 14: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow Quarters Ended Jul. 4, 2026 Jun. 28, 2025 (13 weeks) (13 weeks) Cash provided by operating activities $47,786 $52,525 Cash used in investing activities 11,409 (1,941) Tenant allowances (51) 387 Repayment of principal on lease liabilities (19,863) (17,714) Interest pa
Slide 15: Thank You
Thank You Contact Us: investors@petvalu.ca (289) 806-4559 This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada Inc. © 2026 Pet Valu Canada Inc.