Savers Value Village, Inc. Reports First Quarter Financial Results and Acquisition of Thrift Store Chain with Seven Locations in Georgia
Savers Value Village, Inc. (SVV)
Company Research
Source: Business Wire
Sales increased 2.5%Comparable store sales increased 0.3%Entering the U.S. Southeast with seven store acquisitionNet store growth now targeted at 29 in 2024 with acquisition BELLEVUE, Wash.--(BUSINESS WIRE)--Savers Value Village, Inc. (NYSE: SVV), (the “Company”) today announced financial results for the thirteen weeks ended March 30, 2024 (the “first quarter”).Highlights for the First Quarter, Compared to the thirteen weeks ended April 1, 2023Net sales increased 2.5% to $354.2 million.Comparable store sales increased 0.3%, with the United States (“U.S.”) up 2.3% and Canada down 2.6%.Sales yield2 increased 1.4% to $1.41 per pound.The Company ended the first quarter with 326 stores, increasing its store count by 2.8%.Net loss of $0.5 million, or $0.00 per diluted share.Adjusted net income1 increased 32.3% to $13.9 million and Adjusted net income per diluted share1 was $0.08.Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”)1 increased 2.1% to
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News
- Savers Value Village, Inc. (NYSE: SVV) had its price target lowered by analysts at Loop Capital from $25.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
- Savers Value Village, Inc. (NYSE:SVV) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Savers Value Village, Inc. (NYSE: SVV) had its price target lowered by analysts at Piper Sandler from $24.00 to $19.00. They now have an "overweight" rating on the stock.MarketBeat
- Savers Value Village, Inc. (NYSE: SVV) had its price target lowered by analysts at Robert W. Baird from $23.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- Savers Value Village, Inc. Reports First Quarter Financial Results and Acquisition of Thrift Store Chain with Seven Locations in Georgia [Yahoo! Finance]Yahoo! Finance
SVV
Earnings
- 5/9/24 - Beat
SVV
Sec Filings
- 5/21/24 - Form 3
- 5/10/24 - Form 10-Q
- 5/9/24 - Form 8-K
- SVV's page on the SEC website