Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 94

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 94
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DA margin, as well as amounts presented on a constant-currency basis, are not measures recognized under U.S. GAAP. For additional information on our use of non-GAAP financial measures and a reconciliation to the nearest GAAP measure, see “Non-GAAP Financial Measures” below.

Recent Developments

Macroeconomic Conditions

There remains significant uncertainty in the current macroeconomic environment, driven by several factors, including global trade policies and tariffs. While we are not directly impacted by tariffs due to our hyper-local procurement model, in periods of perceived or actual unfavorable economic conditions, consumers may reallocate their discretionary spending, which may adversely impact demand for the Company’ products and our profitability.

Partial redemption of Senior Secured Notes

On February 6, 2025, the Company redeemed $44.5 million aggregate principal amount of the Senior Secured Notes and paid accrued interest and a premium on the partial redemption. 

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. 

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Table of Contents

Key Performance Indicators

We use the key performance indicators below to evaluate the performance of our business, identify trends, formulate financial projections and make strategic decisions. We believe these metrics provide useful information to investors and others in understanding and evaluating our results of operations in the same manner as our management team.

The following table summarizes our key performance indicators for the periods indicated:

Thirteen Weeks EndedMarch 29, 2025March 30, 2024Comparable Store Sales (1)U.S.4.2 %2.3 %Canada0.6 %(2.6)%Total (2)2.8 %0.3 %Number of StoresU.S.172155Canada166159Total (2)353326Other MetricsPounds processed (lbs mm)262238OSDs and GreenDrop as a % of total pounds processed74.0 %71.9 %Sales yield (3)$1.38$1.41Cost of merchandise sold per pound processed$0.64$0.66

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