Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 104

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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's significant operations in Canada, the Company's financial results are affected positively by a weakening of the USD against the CAD and are affected negatively by a strengthening of the USD against the CAD. References to operating results on a constant-currency basis indicate operating results without the impact of foreign currency exchange rate fluctuations.

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The Company believes disclosure of constant-currency net sales is helpful to investors because it facilitates period-to-period comparisons of its results by increasing the transparency of its underlying performance by excluding the impact of fluctuating foreign currency exchange rates. Constant-currency results have no standardized meaning prescribed by GAAP, are not prepared under any comprehensive set of accounting rules or principles and should be read in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP. 

Constant-currency results have limitations in their usefulness to investors and may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies. 

Constant-currency information compares results between periods as if exchange rates had remained constant period-over-period. During the thirteen weeks ended June 28, 2025, as compared to the thirteen weeks ended June 29, 2024, the USD was stronger relative to the CAD and the Australian dollar (“AUD”), which resulted in an unfavorable impact on our operating results. During the twenty-six weeks ended June 28, 2025, as compared to the twenty-six weeks ended June 29, 2024, the USD was stronger relative to the CAD and the AUD, which resulted in an unfavorable impact on our operating results.The Company calculates constant-currency net sales 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.

A reconciliation of GAAP net sales to constant-currency net sales is presented in the table below:

Thirteen Weeks Ended(dollars in thousands)Net SalesImpact of Foreign CurrencyConstant-Currency Net Sales$ Change Over Prior Year% Change Over Prior YearJune 28, 2025U.S. Retail$228,833 $— $228,833 $21,765 10.5 %Canada Retail154,956 1,884 156,840 7,004 4.7 %Other33,419 384 33,803 4,044 13.6 %Total net sales$417,208 $2,268 $419,476 $32,813 8.5 %June 29, 2024U.S