Company: SVV
Filing Date: 2025-01-15
Form Type: 8-K
Source: 0001883313-25-000004
Chunk: 1

Company: Savers Value Village, Inc.
Filing Date: 2025-01-15
Form: 8-K
Item: Item 8.01
Chunk 1
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 the change is de minimis to previously reported results.

Lastly, the Company is adjusting its approach for calculating the tax effect on adjustments within its adjusted net income and adjusted net income per diluted share metrics. Previously, the Company applied the overall effective tax rate for the year to these adjustments in determining adjusted net income and adjusted net income per diluted share. Beginning in the first quarter of fiscal 2025, the Company will utilize the tax rate specifically applicable to the respective adjustments. The Company will report results for its fourth quarter of fiscal 2024 in late February 2025 using its previous approach for the final time so as to be consistent with its approach used in both the first three quarters of fiscal 2024 and with its previously issued outlook for the full year. Its outlook for fiscal 2025, also to be provided in late February 2025, will utilize the new approach as described above.

To enable comparisons between the information to be presented beginning with its first quarter fiscal 2025 Form 10-Q filing with prior periods’ filings, the Company has furnished herewith as Exhibit 99.1 unaudited supplemental historical financial information that recasts its historical reconciliations of net (loss) income and net (loss) income margin to Adjusted EBITDA and Adjusted EBITDA margin, and net (loss) income and net (loss) income per diluted share to adjusted net income and adjusted net income per diluted share to reflect the above-described changes for each of the first three quarters of fiscal 2024 and the full year period for fiscal 2023. The Company plans to provide a similar reconciliation for the aforementioned items for the fourth quarter and full year period for fiscal 2024 when it reports results for those periods in late February 2025.

Item 9.01 - Financial Statements and Exhibits.