Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 62

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 Loss Per Share

Basic net loss per share is computed by dividing net loss by the weighted-average number of shares outstanding during the period. Diluted net loss per share gives effect to all potentially dilutive common equivalent shares outstanding for the period under the treasury stock method.Basic and diluted net loss per share were as follows:Thirteen Weeks Ended(in thousands, except per share data)March 29, 2025March 30, 2024NumeratorNet loss$(4,723)$(467)DenominatorBasic weighted average shares outstanding158,584161,247Dilutive effect of employee stock options and awards——Diluted weighted average shares outstanding (1)158,584161,247Net loss per shareBasic$(0.03)$(0.00)Diluted$(0.03)$(0.00)

(1)For the thirteen weeks ended March 29, 2025 and March 30, 2024, the calculation of diluted net loss per share excludes the effect of 12.6 million and 8.1 million, respectively, of potential shares of common stock relating to awards of stock options and restricted stock units that, if exercised or vested, would have been antidilutive. 

Note 9. Share Repurchases

During the thirteen weeks ended March 29, 2025, under our $50.0 million share repurchase program announced in November 2023, we repurchased 1.4 million shares at a weighted average price of $8.43 per share at a cost of $11.8 million, excluding the impact of commissions and excise tax on share repurchases. As of March 29, 2025, we had $6.4 million remaining under the share repurchase program. The share repurchase program does not obligate us to purchase any minimum number of shares, and the program may be suspended, modified, or discontinued at any time without prior notice. The timing, actual number and value of any additional shares purchased will depend on a variety of factors, including, but not limited to, the market price of the Company’s common stock, general business and market conditions, other investment opportunities, and applicable regulatory requirements.

Note 10. Income Taxes

The income tax provision for interim periods is generally determined using an estimate of the Company’s annual effective tax rate adjusted for discrete items. Each quarter the estimate of the annual effective tax rate is updated, and if the Company’s estimated tax rate changes, a cumulative adjustment is made.The effective