Company Description
Savers Value Village, Inc. (NYSE: SVV) is a for-profit thrift operator in the retail trade sector, classified within the warehouse clubs and supercenters industry. According to company disclosures, it operates the Savers Value Village family of thrift stores and focuses on value priced pre-owned clothing, accessories and household goods. The company describes itself as the largest for-profit thrift operator in the United States and Canada for these categories, and its mission is to champion reuse and inspire a future where secondhand is second nature.
Based on information provided in its corporate materials and regulatory filings, Savers Value Village purchases second hand textiles, including clothing, bedding and bath items, as well as shoes, accessories, housewares, books and other goods from non-profit partners. These items are obtained either directly from those non-profit partners or via on-site donations at Community Donation Centers located at its stores. The company then processes, selects, prices, merchandises and sells these goods through its retail locations.
Savers Value Village reports that its operations span the United States and Canada, and its public financial disclosures also reference additional activity in Australia through retail and wholesale operating segments. Its business model combines sourcing from non-profit partners with in-store donation collection, and then converting those donated and purchased goods into merchandise for consumers seeking value priced, pre-owned products.
Business model and operations
The company’s revenue is generated from net sales of pre-owned merchandise in its thrift stores. Public filings and press releases describe net sales performance across U.S. retail, Canada retail and an "Other" category that includes Australia retail and wholesale operating segments. Savers Value Village highlights comparable store sales metrics and constant-currency net sales in its communications, reflecting a focus on store-level performance and the impact of foreign currency exchange rates on reported results.
Savers Value Village’s sourcing model relies on relationships with non-profit partners, from which it purchases second hand textiles and other goods. It also operates Community Donation Centers at its stores, where donations are collected on-site. After collection, the company processes and selects items, sets prices, and merchandises them in its stores for resale. This approach supports a steady flow of pre-owned merchandise while aligning with the company’s stated mission to promote reuse.
Geographic footprint and segments
Company disclosures reference U.S. retail and Canada retail as key operating areas, along with an "Other" segment that is attributable to Australia retail and wholesale operations. Savers Value Village reports net sales and comparable store sales for the U.S. and Canada, and it presents constant-currency net sales to help explain performance without the impact of foreign currency fluctuations, particularly between the U.S. dollar, the Canadian dollar and the Australian dollar.
The company’s public communications also reference store counts across the United States, Canada and Australia, reflecting a network of thrift stores that sell value priced pre-owned clothing, accessories and household goods. These stores are part of the Savers Value Village family of thrift stores, which the company positions as a platform for secondhand shopping and reuse.
Financial reporting approach
Savers Value Village reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP) and also uses certain non-GAAP financial measures in its investor communications. These non-GAAP measures include Adjusted net income, Adjusted net income per diluted share and Adjusted EBITDA, and in some cases Adjusted EBITDA margin. The company states that these metrics are used by its management and board of directors to evaluate operating performance, assess business strategies, make budgeting decisions and evaluate compensation decisions.
The company also presents certain operating results on a constant-currency basis. It explains that constant-currency net sales are calculated by translating current period net sales using the average exchange rates from the comparative prior period, rather than the actual average exchange rates in effect. This is intended to facilitate period-to-period comparisons by excluding the impact of fluctuating foreign currency exchange rates, particularly given its significant operations in Canada and activity in Australia.
Capital structure and credit facilities
According to an 8-K filed in September 2025, subsidiaries of Savers Value Village entered into a Credit Agreement that provides for a term loan facility and a revolving credit facility, referred to collectively as Senior Secured Credit Facilities. The term loan facility and revolving credit facility are available to principal subsidiaries in the United States and Canada, with most U.S. and Canadian subsidiaries acting as guarantors. The Senior Secured Credit Facilities are secured by a first-priority lien on substantially all assets of the borrowers and guarantors, subject to certain exceptions.
The term loan facility under this Credit Agreement has a stated maturity in September 2032 and bears interest at a variable rate equal to a reference rate plus a margin that depends on the type of loan. The revolving credit facility has a stated maturity in September 2030 and provides for revolving loan draws in both U.S. and Canadian dollars, with interest based on a reference rate plus a margin that varies with the borrowers’ first lien net leverage ratio. The revolving credit facility includes a financial maintenance covenant tied to a maximum net first lien leverage ratio, which applies when certain utilization thresholds are met, and it provides for customary equity cure rights.
The same 8-K filing explains that proceeds from the new term loan facility were used, in part, to repay or redeem all outstanding obligations under a prior credit agreement and to redeem outstanding senior secured notes. The filing also notes that the existing credit agreement was terminated and repaid in full, and that the existing notes were redeemed at a specified redemption price plus accrued and unpaid interest.
Share repurchases and capital allocation
Company press releases describe an ongoing capital allocation strategy that includes debt repayment and share repurchases. For example, Savers Value Village has disclosed repurchases of its common stock under share repurchase programs authorized by its board of directors, as well as concurrent share repurchases executed in connection with secondary public offerings of common stock by selling stockholders. In these transactions, the company funded repurchases from existing cash on hand and clarified that certain concurrent repurchases were separate from its existing share repurchase program.
In addition, the company has reported repayments of principal under term loan facilities and redemptions of portions of its senior secured notes. These actions are described as part of its approach to managing debt, interest expense and liquidity.
Public company status and exchange listing
Savers Value Village, Inc. is listed on the New York Stock Exchange under the ticker symbol SVV. The company files periodic and current reports with the U.S. Securities and Exchange Commission, including Forms 8-K that disclose material events such as earnings announcements, credit agreements, debt redemptions and changes in board composition. These filings provide investors with information about the company’s financial condition, capital structure and governance.
Mission and positioning
In its public communications, Savers Value Village emphasizes its mission to champion reuse and to encourage a future where secondhand is second nature. It highlights its role as a for-profit thrift operator focused on value priced pre-owned clothing, accessories and household goods, and it refers to the #ThriftProud movement in describing its brand and impact messaging. This mission is closely tied to its business model of sourcing second hand goods from non-profit partners and on-site donations, processing and merchandising those goods, and offering them to customers through its network of thrift stores.
Frequently asked questions about Savers Value Village (SVV)
The following questions and answers summarize key aspects of Savers Value Village’s business based on the information available in company descriptions, press releases and SEC filings.