Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 17

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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Item 1. Condensed Consolidated Financial Statements (Unaudited)

SAVERS VALUE VILLAGE, INC.

Condensed Consolidated Statements of Operations and Comprehensive Loss

(All amounts in thousands, except per share amounts, unaudited)

Thirteen Weeks EndedMarch 29, 2025March 30, 2024Net sales$370,145 $354,172 Operating expenses:Cost of merchandise sold, exclusive of depreciation and amortization168,503 158,164 Salaries, wages and benefits84,802 83,697 Selling, general and administrative87,079 77,743 Depreciation and amortization19,358 18,301 Total operating expenses359,742 337,905 Operating income10,403 16,267 Other expense (income):Interest expense, net14,814 16,076 (Gain) loss on foreign currency, net(1,631)956 Other expense, net166 106 Loss on extinguishment of debt2,718 4,088 Other expense, net16,067 21,226 Loss before income taxes(5,664)(4,959)Income tax benefit(941)(4,492)Net loss(4,723)(467)Other comprehensive income (loss), net of tax:Foreign currency translation adjustments632 (1,893)Cash flow hedges(2,636)(825)Other comprehensive loss(2,004)(2,718)Comprehensive loss$(6,727)$(3,185)Net loss per share, basic$(0.03)$(0.00)Net loss per share, diluted$(0.03)$(0.00)Basic weighted average shares outstanding158,584 161,247 Diluted weighted average shares outstanding158,584 161,247 

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

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SAVERS VALUE VILLAGE, INC.

Condensed Consolidated Balance Sheets

(All amounts in thousands, except per share amounts, unaudited)

March 29, 2025December 28, 2024Current assets:Cash and cash equivalents$73,019 $149,967 Trade receivables, net17,823 16,761 Inventories39,108 34,288 Prepaid expenses and other current assets31,330 24,634 Derivative assets –