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Savers Value Village Inc. (SVV)
NYSE:SVV
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Earnings Data
Report Date
Mar 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.12Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2023
|% Change Since: 2.45%
|Next Earnings Date:Aug 10, 2023
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance with strong growth in the U.S. market and successful new store openings, along with challenges in the Canadian market and pressures on gross margins due to new store expansion. Despite these challenges, the company remains optimistic about its long-term growth prospects with strategic initiatives in place.Company Guidance
During the third quarter earnings call for Savers Value Village (symbol: SVV), management provided detailed guidance and performance metrics. The company reported a total net sales increase of 0.5% to $395 million, with U.S. net sales rising by 6.2% to $212 million, while Canadian net sales declined by 7.1% to $152 million. A key highlight was the opening of 9 new stores, contributing to their goal of 29 new stores for the year. The loyalty program also saw significant growth, with loyalty members accounting for 72% of total sales. Adjusted EBITDA for the quarter was $82 million, representing more than 20% of sales. In terms of future outlook, the company expects total net sales for 2024 to range between $1.53 billion and $1.54 billion, with comparable store sales projected to vary from a 1% decline to flat growth. The guidance reflects continued macroeconomic challenges in Canada, while in the U.S., low-single-digit growth is anticipated.Steady U.S. Business Performance
The U.S. business remained steady with net sales increasing by 6.2% to $212 million and comparable store sales increasing by 1.6%, driven by growth in both transactions and average basket.
Successful New Store Openings
Opened 9 new stores in the quarter, on track for 29 new stores this year. New stores are performing well with sales and earnings exceeding expectations.
Loyalty Program Growth
Double-digit percentage growth in active members in both the U.S. and Canada over the last year, with loyalty members accounting for 72% of total sales in the quarter, up from 70% last year.
Adjusted EBITDA and Margins
Generated $82 million of adjusted EBITDA in the quarter, representing more than 20% of sales.
Expansion of Off-Site Processing
Off-site processing capabilities expanded, with cost per unit declining, supporting new store growth and making off-site processing a competitive differentiator.
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SVV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SVV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $11.01 | $10.14 | -7.90% |
| Aug 08, 2024 | $9.68 | $8.78 | -9.30% |
| May 09, 2024 | $17.15 | $13.66 | -20.35% |
| Mar 07, 2024 | $21.00 | $19.43 | -7.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Savers Value Village Inc. (SVV) report earnings?
Savers Value Village Inc. (SVV) is schdueled to report earning on Mar 07, 2025, TBA Not Confirmed.
What is Savers Value Village Inc. (SVV) earnings time?
Savers Value Village Inc. (SVV) earnings time is at Mar 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SVV EPS forecast?
SVV EPS forecast for the fiscal quarter 2024 (Q4) is 0.12.
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