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By Adriano Marchese
Canadian pet retailer Pet Valu Holdings said Tuesday that it expects revenue and earnings to grow in 2023.
Pet Valu has set a target range for revenue to rise to 1.055 billion Canadian dollars and 1.065 billion Canadian dollars ($770 million to $777.3 million) in the full year.
According to analysts polled on FactSet, revenue is expected to grow to C$1.064 billion.
The company said that it expects adjusted net income per share to be between C$1.60 and C$1.63 a share, above analyst forecasts of C$1.59 a share.
Pet Value said it also has expectations to spend about C$60 million in net capital expenditures, of which about half are attributable to investments in its supply chain transformation.
Write to Adriano Marchese at [email protected]
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