Savers Value Village sees Q4 revenue about $382.8M, consensus $378.29M

Sees Q4 SSS up approximately 2.6%, with the United States increasing approximately 3.1% and Canada increasing approximately 2.0%. Mark Walsh, CEO, commented, “We are pleased with the progression of our sales trends and our store openings in the fourth quarter. Comparable store sales accelerated as the quarter progressed, capped off by a strong December. We believe such trends reflect our strong underlying secular growth trend and the diminished impact of weather headwinds early in the quarter. In line with our plans, we also opened three new stores in the United States and two new stores in Canada in the fourth quarter, and remain confident in our ability to ramp new store growth to the target of 22 in 2024. With the strength in our sales and demand trends, and our continued focus on margins and cash flow through our vertically integrated model, we remain comfortable with our full year 2023 Adjusted EBITDA target of $320 million.”