Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 78

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 does not obligate us to purchase any minimum number of shares, and the program may be suspended, modified, or discontinued at any time without prior notice. The timing, actual number and value of any additional shares purchased will depend on a variety of factors, including, but not limited to, the market price of the Company’s common stock, general business and market conditions, other investment opportunities, and applicable regulatory requirements.

During the thirteen and twenty-six weeks ended June 28, 2025, the Company repurchased 0.4 million and 1.8 million shares, respectively, at a weighted average price of $8.17 and $8.37, respectively, and a total cost of $3.6 million and $15.3 million, respectively, excluding commissions and excise tax. During the thirteen and twenty-six weeks ended June 29, 2024, the Company repurchased 0.3 million shares at a weighted average price of $11.51 and a total cost of approximately $3.3 million, excluding commissions and excise tax. As of June 28, 2025, the Company had $2.8 million remaining under the share repurchase program. 

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Note 10. Income Taxes

The income tax provision for interim periods is generally determined using an estimate of the Company’s annual effective tax rate adjusted for discrete items. Each quarter the estimate of the annual effective tax rate is updated, and if the Company’s estimated tax rate changes, a cumulative adjustment is made.The effective tax rate for the thirteen weeks ended June 28, 2025 and June 29, 2024 was 28.9% and 39.3%, respectively. The effective tax rate for the twenty-six weeks ended June 28, 2025 and June 29, 2024 was 32.2% and 16.3%, respectively. The effective tax rates differed from the federal statutory rate primarily due to stock-based compensation and Internal Revenue Code Section 162(m) excess compensation.In the normal course of business, the Company is required to make estimated tax payments throughout the year based on the expected tax liability for the full year. This typically results in a prepaid balance during the first half of the year, as the Company earns most of its profit in the second half of the year. As of June 28, 2025, the Company had a $15.7 million balance in prepaid income taxes, which is classified in prepaid expenses and other current assets in the una