Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 142

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 142
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 to $54.6 million for the twenty-six weeks ended June 29, 2024. Net cash provided by operating activities remained relatively consistent for the twenty-six weeks ended June 28, 2025, compared to the twenty-six weeks ended June 29, 2024, primarily reflecting steady operational performance and effective working capital management. 

Net cash used in changes in operating assets and liabilities during the twenty-six weeks ended June 28, 2025 consisted primarily of a $62.2 million change in operating lease liabilities and a $13.2 million change in prepaid expenses and other assets. The change in operating lease liabilities resulted from lease payments. The change in prepaid expenses and other assets is primarily a result of an increase in prepaid taxes.

Net cash used in changes in operating assets and liabilities during the twenty-six weeks ended June 29, 2024 consisted primarily of a $60.0 million change in operating lease liabilities, a $14.7 million change in accrued payroll and related taxes, a $14.2 million change in accounts payable and accrued liabilities, and a $12.3 million change in prepaid expenses and other assets. The change in operating lease liabilities resulted from the payment towards our lease liabilities. The change in accrued payroll and related taxes resulted primarily from the annual payment of incentive compensation to our employees. As of December 30, 2023, we accrued $24.4 million which was paid during the first quarter of fiscal year 2024. As of June 29, 2024, we accrued $6.5 million for employee incentive compensation, the majority of which we paid during the first quarter of fiscal year 2025. The change in accounts payable and accrued liabilities resulted primarily from an increase in Canadian income taxes payable. The change in prepaid expenses and other assets is primarily a result of an increase in prepaid U.S. income taxes.

Net cash used in investing activities

Net cash used in investing activities was $53.9 million for the twenty-six weeks ended June 28, 2025 which consisted primarily of $53.1 million of expenditures related to investments in new stores, offsite processing, information technology and capital maintenance expenditures, as well as $2.9 million of purchases of marketable securities related to the Company’s deferred compensation plan.

Net cash used in investing activities was $28.0 million for the twenty-six weeks ended June 29, 2024 which consisted primarily of $53.3 million of expenditures related to investments in new stores,