Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 74

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 in interest rates affecting amounts borrowed under our Term Loan Facility.

23

Table of Contents

(Gain) loss on foreign currency, net

The following table presents (gain) loss on foreign currency, net:

Thirteen Weeks Ended(in thousands)March 29, 2025March 30, 2024$ Change% Change(Gain) loss on foreign currency remeasurement$(1,976)$6,841 $(8,817)n/mLoss (gain) on derivative instruments345 (5,885)6,230 n/mTotal (gain) loss on foreign currency, net$(1,631)$956 $(2,587)n/m

n/m - not meaningful

Gains and losses on foreign currency relate primarily to movements in the Canadian dollar (“CAD”) relative to the U.S. dollar (“USD”). During the thirteen weeks ended March 29, 2025, the USD weakened against the CAD relative to December 28, 2024, resulting in remeasurement gains of $2.0 million arising primarily on USD-denominated debt held by one of our Canadian subsidiaries. We also recorded losses of $0.3 million during the thirteen weeks ended March 29, 2025 on derivative instruments we use to manage foreign currency exchange rate risk. 

During the thirteen weeks ended March 30, 2024, the USD strengthened against the CAD relative to December 30, 2023, resulting in remeasurement losses of $6.8 million arising primarily on USD-denominated debt held by one of our Canadian subsidiaries. We also recorded gains of $5.9 million during the thirteen weeks ended March 30, 2024 on derivative instruments we use to manage foreign currency exchange rate risk.

Other expense, net

The following table presents other expense, net:

Thirteen Weeks Ended(in thousands)March 29, 2025March 30, 2024$ Change% ChangeOther expense, net$166 $106 $60 56.6 %

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

Loss on extinguishment of debt

The following table presents loss on extinguishment of debt:

Thirteen Weeks Ended(in thousands)March 29, 2025March 30, 2024$ Change% ChangeLoss on extinguishment of debt$2,718 $4,088 $(1,370)(33.5)%

During the thirteen weeks ended March 29, 2025