Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 97

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 97
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0%$354,172 100.0%Operating expenses:Cost of merchandise sold, exclusive of depreciation and amortization168,50345.5158,164 44.7Salaries, wages and benefits84,80222.983,697 23.6Selling, general and administrative87,07923.677,743 22.0Depreciation and amortization19,3585.218,301 5.1Total operating expenses359,74297.2337,905 95.4Operating income10,4032.816,267 4.6Other expense (income):Interest expense, net14,8144.016,076 4.5(Gain) loss on foreign currency, net(1,631)(0.4)956 0.3Other expense, net166—106 —Loss on extinguishment of debt2,7180.74,088 1.2Other expense, net16,0674.321,226 6.0Loss before income taxes(5,664)(1.5)(4,959)(1.4)Income tax benefit(941)(0.2)(4,492)(1.3)Net loss$(4,723)(1.3)%$(467)(0.1)%

Thirteen Weeks Ended March 29, 2025 compared to the Thirteen Weeks Ended March 30, 2024

Net sales

The following table presents net sales:

Thirteen Weeks Ended(in thousands)March 29, 2025March 30, 2024$ Change% ChangeRetail sales$350,759 $336,795 $13,964 4.1 %Wholesale sales19,386 17,377 2,009 11.6 %Total net sales$370,145 $354,172 $15,973 4.5 %

Retail sales increased by $14.0 million, or 4.1%, during the thirteen weeks ended March 29, 2025, compared to the thirteen weeks ended March 30, 2024. The increase in retail sales resulted primarily from growth in our store base and a 2.8% increase in comparable store sales, partially offset by the unfavorable impact of foreign currency exchange rates. 

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Table of Contents

Cost of merchandise sold, exclusive of depreciation and amortization

The following table presents cost of merchandise sold, exclusive of depreciation and amortization (“cost of merchandise