Company: SVV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001883313-25-000101
Chunk: 110

Company: Savers Value Village, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 thousands)September 27, 2025September 28, 2024$ Change% ChangeOther (income) expense, net$(66)$168 $(234)n/m

n/m – not meaningful

Other (income) expense, net is comprised primarily of miscellaneous income and expenses not directly related to our core operating activities.

32

Income tax (benefit) expense

The following table presents income tax (benefit) expense:

Thirteen Weeks Ended(in thousands)September 27, 2025September 28, 2024$ Change% ChangeIncome tax (benefit) expense$(3,326)$13,766 $(17,092)n/mEffective tax rate19.2 %38.8 %

n/m – not meaningful

We estimate an annual projected effective tax rate for the fiscal year to determine income tax expense or benefit in the interim periods. As such, income tax (benefit) expense includes the impact of changes to the estimate of forecasted annual pre-tax book income, together with actual results from the current quarter, relative to the prior quarter in each respective year, adjusted for discrete quarterly events, as applicable. For the thirteen weeks ended September 27, 2025 and September 28, 2024, the effective tax rates of 19.2% and 38.8%, respectively, reflects the impact of changes to the estimate of forecasted annual pre-tax book income relative to the prior quarter and tax shortfalls related to stock-based compensation.

Segment results

The following table presents net sales and profit by segment:

Thirteen Weeks Ended(in thousands)September 27, 2025September 28, 2024$ Change% ChangeNet sales:U.S. Retail$234,712 $212,470 $22,242 10.5 %Canada Retail159,608 151,886 7,722 5.1 %Total segment sales$394,320 $364,356 $29,964 8.2 %Segment profit:U.S. Retail$47,956 $44,792 $3,164 7.1 %Canada Retail$45,336 $44,980 $356 0.8 %

U.S. Retail

U.S. Retail sales increased by $22.2 million, or 10.5%, during the thirteen weeks ended September 27, 2025, compared to the thirteen weeks ended September 28, 2024. The increase