Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 68

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 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

(1)Comparable store sales is the percentage change in comparable store sales over the comparable period in the prior fiscal year. Beginning in fiscal 2025, comparable store sales is defined as sales by stores that have been in operation for all or a portion of 14 months. The impact of the change is inconsequential to prior periods, so we have not recast previous year amounts to reflect this change. For the periods presented, comparable store sales exclude stores acquired from 2 Peaches Group, LLC (the “2 Peaches Acquisition”). Comparable store sales is measured in local currency for Canada, while total comparable store sales is measured on a currency neutral basis.

(2)Total comparable store sales and the total number of stores include our