Company: SVV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001883313-25-000101
Chunk: 145

Company: Savers Value Village, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 145
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3 Other (income) expense, net(66)— 168 — 137 — (222)— Other expense, net53,670 12.6 13,191 3.3 77,148 6.4 50,628 4.5 (Loss) income before income taxes(17,329)(4.1)35,447 9.0 3,617 0.3 46,493 4.1 Income tax (benefit) expense(3,326)(0.8)13,766 3.5 3,426 0.3 15,567 1.4 Net (loss) income$(14,003)(3.3)%$21,681 5.5 %$191 — %$30,926 2.7 %

Thirteen Weeks Ended September 27, 2025 compared to the Thirteen Weeks Ended September 28, 2024

Net sales

The following table presents net sales:

Thirteen Weeks Ended(in thousands)September 27, 2025September 28, 2024$ Change% ChangeRetail sales$408,343 $375,587 $32,756 8.7 %Wholesale sales18,592 19,210 (618)(3.2)%Total net sales$426,935 $394,797 $32,138 8.1 %

Retail sales increased by $32.8 million, or 8.7%, during the thirteen weeks ended September 27, 2025, compared to the thirteen weeks ended September 28, 2024. The increase in retail sales resulted primarily from a 5.8% increase in comparable store sales and growth in our store base, partially offset by the unfavorable impact of foreign currency exchange rates. 

29

Cost of merchandise sold, exclusive of depreciation and amortization

The following table presents cost of merchandise sold, exclusive of depreciation and amortization (“cost of merchandise sold”):

Thirteen Weeks Ended(in thousands)September 27, 2025September 28, 2024$ Change% ChangeCost of merchandise sold, exclusive of depreciation and amortization$188,240 $170,776 $17,464 10.2 %

Cost of merchandise sold increased 80 basis points to 44.1% of net sales during the thirteen weeks ended September 27, 2025, compared to