Canadian pet food and supplies retailer Pet Valu Holdings Ltd. offered an ambitious outlook for 2023 on Tuesday, saying it expects to grow revenue, increase sales and expand its share of the lucrative pet industry market this year.
"As a result of that humanization, we've seen a premiumization across the industry as people really lean into higher quality products and food with human-grade ingredients." The outlook for 2023 came as the company raised its dividend and reported a profit of $25.9 million in its latest quarter, down from $26.7 million a year earlier.
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