Pet Valu reports first-quarter profit down from a year ago, trims profit outlook

A Pet Valu store is pictured in Ottawa, Tuesday, Sept. 13, 2022. THE CANADIAN PRESS/Sean Kilpatrick

MARKHAM - Pet Valu Holdings Ltd. trimmed its profit outlook for its full year as it reported first-quarter net income of $20.0 million, down from $21.8 million a year ago.

The retailer of pet food and pet-related supplies says it profit amounted to 29 cents per diluted share for the quarter ended April 4 compared with a profit of 31 cents per diluted share a year earlier.

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