Savers Value Village, Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Savers Value Village, Inc. (SVV)
Company Research
Source: Business Wire
Quarterly net sales increased 4.4% or 4.5% in constant currency1Quarterly comparable store sales increased 2.6%Opened five new stores in the quarter BELLEVUE, Wash.--(BUSINESS WIRE)--Savers Value Village, Inc. (NYSE: SVV), (the “Company”) today announced financial results for the thirteen weeks ended December 30, 2023 (the “fourth quarter”) and the fifty-two weeks ended December 30, 2023 (“fiscal 2023”).Highlights for the Fourth Quarter of 2023, Compared to the Fourth Quarter of 2022Net sales increased 4.4% to $382.8 million. Constant currency net sales1 increased 4.5% to $383.5 million.Comparable store sales increased 2.6%, with the U.S. and Canada up 3.1% and 2.0%, respectively.Sales yield2 increased 2.0% to $1.54 per pound.The Company opened five new stores during the fourth quarter, ending the fourth quarter with a total of 326 stores.Net income increased 66.0% to $43.9 million, or $0.27 per diluted share, from $26.4 million, or $0.18 per diluted share.Adjusted net income1 and
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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
- 5/10/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 4/22/24 - Form ARS
- SVV's page on the SEC website