Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 37

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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38, compared to $1.41 for the thirteen weeks ended March 30, 2024. The 2.1% decline in sales yield primarily reflects a decrease in items sold per pound processed, partially offset by items sold at higher price points.

Cost of merchandise sold per pound processed

We define cost of merchandise sold per pound processed as cost of merchandise sold, exclusive of depreciation and amortization, on a reported basis, divided by total pounds of goods processed. We believe investors can use this metric to determine our ability to cost-effectively purchase and process supply items, and determine the value of incremental sales.

Cost of merchandise sold per pound processed during the thirteen weeks ended March 29, 2025 and the thirteen weeks ended March 30, 2024 was $0.64 and $0.66, respectively.

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Table of Contents

Results of Operations

The following table sets forth our results of operations for each of the periods presented:

Thirteen Weeks EndedMarch 29, 2025March 30, 2024(in thousands)Amount% of SalesAmount% of SalesNet sales$370,145100.0%$354,172 100.0%Operating expenses:Cost of merchandise sold, exclusive of depreciation and amortization168,50345.5158,164 44.7Salaries, wages and benefits84,80222.983,697 23.6Selling, general and administrative87,07923.677,743 22.0Depreciation and amortization19,3585.218,301 5.1Total operating expenses359,74297.2337,905 95.4Operating income10,4032.816,267 4.6Other expense (income):Interest expense, net14,8144.016,076 4.5(Gain) loss on foreign currency, net(1,631)(0.4)956 0.3Other expense, net166—106 —Loss on extinguishment of debt2,7180.74,088 1.2Other expense, net16,0674.321,226 6.0Loss before income taxes(5,664)(1.5)(4,959)(1.4)Income tax benefit(941)(0.2)(4,492)(1.3)Net loss$(4,723)(1.3)%$(467)(0.1)%

Thirteen Weeks Ended March 29, 2025 compared to the