Savers Value Village Inc. ( (SVV) ) has released its Q4 earnings. Here is a breakdown of the information Savers Value Village Inc. presented to its investors.
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Savers Value Village Inc., the largest for-profit thrift operator in the U.S. and Canada, specializes in pre-owned clothing, accessories, and household goods, aiming to promote reuse and make secondhand shopping a mainstream choice.
In its latest earnings report, Savers Value Village Inc. announced a 5% increase in net sales for the fourth quarter, with the U.S. market experiencing a notable 10.5% growth. The company also reported a comparable store sales increase of 1.6% and opened nine new stores, ending the quarter with 351 locations.
Key financial highlights include a net sales total of $402 million and an adjusted net income of $15.9 million. U.S. sales growth was a significant driver, while Canadian operations saw a slight decline. The company also expanded its loyalty program membership by 11.3% and repurchased 1.1 million shares of common stock. Despite these positive metrics, the company reported a net loss of $1.9 million mainly due to foreign currency losses.
Looking ahead, Savers Value Village plans to continue its growth trajectory with 25 to 30 new store openings in 2025 and expects net sales between $1.61 billion to $1.65 billion. The company anticipates adjusted net income between $62 million to $77 million, reflecting its strategic focus on expansion and adapting to market conditions.
