Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 44

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 strategies, make budgeting decisions and evaluate compensation decisions. The Company presents Adjusted net income, Adjusted net income per diluted share, Adjusted EBITDA and Adjusted EBITDA margin because it considers these meaningful measures to share with investors as they best allow comparison of the performance of one period with that of another period. In addition, by presenting Adjusted net income, Adjusted net income per diluted share, Adjusted EBITDA and Adjusted EBITDA margin, the Company provides investors with management’s perspective of the Company’s operating performance.

Adjusted net income is defined as net loss excluding the impact of loss on extinguishment of debt, IPO-related stock-based compensation expense, transaction costs, foreign currency exchange rate impacts, certain other adjustments, the tax effect on the above adjustments and the excess tax shortfall (benefit) from stock-based compensation. We define Adjusted net income per diluted share as Adjusted net income divided by adjusted diluted weighted average common shares outstanding. 

Adjusted EBITDA is defined as net loss excluding the impact of interest expense, net, income tax benefit, depreciation and amortization, loss on extinguishment of debt, stock-based compensation expense, lease intangible asset expense, transaction costs, foreign currency exchange rate impacts and certain other adjustments. We define Adjusted EBITDA margin as Adjusted EBITDA divided by net sales, expressed as a percentage.

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Table of Contents

A reconciliation of GAAP net loss and GAAP net loss per diluted share to Adjusted net income and Adjusted net income per diluted share is presented in the table below:

Thirteen Weeks Ended(in thousands, except per share amounts)March 29, 2025March 30, 2024Net loss:Net loss$(4,723)$(467)Loss on extinguishment of debt (1)(2)2,7184,088 IPO-related stock-based compensation expense (1)(3)8,87917,993Transaction costs (1)(4)—2,257Foreign currency exchange rate impacts (1)(5)(486)956Other adjustments (1)(6)(327)2Tax effect on adjustments (7)(2,664)(6,122)Excess tax shortfall (benefit) from stock-based compensation218(3,028)Adjusted net income$3,615$15,679Net loss per share, diluted (8):Net loss per share, diluted$(0.03)$(0.00)Loss on extinguishment of debt (1)(2)0.020.