Pet Valu (PET) ripped 9% on the back of its Q2 results, which delivered flat same-store growth as expected

but beat big on the bottom line - with a better promotional mix, supply chain efficiency, and corporate store resales all contributing in the quarter. Margin pressure has been the main source of investor concern…

so management’s commitment to the full-year guide likely drove some capital back to the name, with PET shares trading near trough multiples.

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