Savers Value Village, Inc. Stock Price, News & Analysis

Savers Value Village (NYSE: SVV), the largest for-profit thrift operator in the U.S. and Canada, has completed its previously announced secondary offering of 15,000,000 shares of common stock by certain Ares Management Private Equity funds and the company's CEO. Additionally, the company executed a concurrent share repurchase of 2,258,132 shares from the underwriters at the same price, funded through existing cash and separate from its November 2023 repurchase program.

The offering was managed by multiple financial institutions, with J.P. Morgan, Jefferies, Goldman Sachs & Co. LLC, and UBS Investment Bank acting as joint lead book-running managers. The company did not receive any proceeds from the selling stockholders' share sale, and the underwriters received no compensation for the repurchased shares.

Savers Value Village (NYSE: SVV), the largest for-profit thrift operator in the U.S. and Canada, has announced the pricing of a secondary public offering of 15 million shares of common stock at $9.25 per share. The shares are being offered by Ares Management Private Equity funds and the company's CEO. Underwriters have a 30-day option to purchase an additional 2.25 million shares.

Concurrent with the offering, the company will purchase $20 million worth of shares from the underwriters using existing cash, separate from its existing share repurchase program. The offering is expected to close on May 16, 2025. J.P. Morgan, Jefferies, Goldman Sachs & Co. LLC, and UBS Investment Bank are acting as joint lead book-running managers.

Savers Value Village (NYSE: SVV), the largest for-profit thrift operator in the US and Canada, has announced a secondary public offering of 15 million shares of common stock by certain Ares Management-affiliated funds and the company's CEO. The Ares Selling Stockholders will grant underwriters a 30-day option to purchase an additional 2.25 million shares.

Concurrent with the offering, SVV has authorized a $20 million share repurchase from underwriters, funded from existing cash and separate from its November 2023 repurchase program. The company will not receive any proceeds from the offering as all shares are being sold by the Selling Stockholders. J.P. Morgan, Jefferies, Goldman Sachs & Co. LLC, and UBS Investment Bank are acting as joint book-running managers for the offering.

Savers Value Village (NYSE: SVV) reported Q1 2025 financial results with net sales increasing 4.5% to $370.1 million and comparable store sales up 2.8%. U.S. performance was strong with net sales up 9.4% and comparable sales rising 4.2%, while Canada saw a 4.1% decrease in net sales due to currency impact. The company reported a net loss of $4.7 million ($0.03 per share), including a $2.7 million pre-tax loss on debt extinguishment. Adjusted EBITDA was $42.8 million with an 11.6% margin. SVV opened 2 new stores, reaching 353 locations, and saw loyalty program membership grow to nearly 6 million. The company reaffirmed its 2025 outlook, projecting net sales of $1.61-1.65 billion and plans to open 25-30 new stores. During Q1, SVV repurchased 1.4 million shares at an average price of $8.43 and redeemed $44.5 million in Senior Secured Notes.

Savers Value Village (SVV), the largest for-profit thrift operator in the United States and Canada, has scheduled the release of its first quarter fiscal year 2025 financial results for Thursday, May 1, 2025, after market close.

The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results. Investors and analysts can participate by dialing +1 800 549 8228 (international: +1 289 819 1520) with Conference ID 40748. A live webcast will be available on the company's investor relations website, with replay access until May 1, 2026.

Savers Value Village (NYSE: SVV) reported Q4 2024 financial results with net sales increasing 5.0% to $402.0 million, driven by 10.5% growth in the U.S., while Canada decreased 2.7%. Comparable store sales rose 1.6%, with U.S. up 4.7% and Canada down 2.5%.

The company opened 9 new stores in Q4, ending with 351 locations. For fiscal 2024, SVV opened 29 total stores, including 22 organic openings and 7 from Peaches acquisition. Q4 resulted in a net loss of $1.9 million and Adjusted net income of $15.9 million, with Adjusted EBITDA at $73.8 million (18.4% margin).

During Q4, SVV repurchased 1.1 million shares at average $9.67 per share, with $18.1 million remaining in the buyback program. The company redeemed $44.5 million of Senior Secured Notes on February 6, 2025. Total active loyalty members grew 11.3% to 5.9 million.

Savers Value Village (SVV), the largest for-profit thrift operator in the United States and Canada, has announced it will release its fourth quarter and fiscal year 2024 financial results on February 20, 2025 after market close. The company will host a conference call at 4:30 p.m. ET the same day to discuss the results.

Investors and analysts can participate by dialing +1 800 549 8228 (international: +1 289 819 1520) with Conference ID 54530. A live webcast will be available on the company's investor relations website, and a replay will be accessible until March 6, 2025.

Savers Value Village (NYSE: SVV) reported preliminary Q4 and fiscal 2024 results, showing mixed performance across regions. Q4 net sales increased 5.0% to $402.0 million, with constant currency net sales up 6.0%. U.S. operations showed strong growth with a 10.5% increase and 4.7% comparable store sales growth, while Canada experienced a slight decline of 0.2% and -2.5% in comparable sales.

For fiscal 2024, net sales grew 2.5% to $1.54 billion, with constant currency sales up 3.1%. The U.S. segment demonstrated robust growth of 6.7%, contrasting with Canada's -1.6% decline. The company reaffirmed its fiscal 2024 Adjusted EBITDA outlook of $290-300 million and announced plans to open 25-30 new stores in 2025.

Savers Value Village reported a 0.5% increase in net sales for Q3 2024, reaching $394.8 million. In constant currency, net sales rose by 1.2%. The U.S. market saw a 6.2% increase, while Canada declined by 7.1%. Comparable store sales dropped by 2.4%, with U.S. up 1.6% and Canada down 7.5%. The company opened nine new stores, totaling 344 stores. Net income was $21.7 million, or $0.13 per diluted share, and Adjusted EBITDA was $82.0 million with a 20.8% margin. The loyalty program grew by 11.5% to 5.8 million members. The company repurchased approximately 1.8 million shares at $9.86 each. Updated fiscal 2024 outlook projects 29 new stores, total net sales of $1.53-$1.54 billion, and net income of $44-$49 million.