Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 129

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 129
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2025, compared to the thirteen weeks ended June 29, 2024. The increase in Canada Retail sales resulted from growth in our store base and a 2.6% increase in comparable store sales, partially offset by the impact of foreign currency exchange rates. The increase in comparable store sales was primarily driven by higher average basket.

Canada Retail segment profit decreased by $4.6 million, or 10.4%, during the thirteen weeks ended June 28, 2025, compared to the thirteen weeks ended June 29, 2024. The decrease in Canada Retail segment profit primarily reflects deleverage of cost of merchandise sold as a percentage of net sales on comparable store sales.

Twenty-Six Weeks Ended June 28, 2025 compared to the Twenty-Six Weeks Ended June 29, 2024

Net sales

The following table presents net sales:

Twenty-Six Weeks Ended(in thousands)June 28, 2025June 29, 2024$ Change% ChangeRetail sales$747,189 $704,717 $42,472 6.0 %Wholesale sales40,164 36,118 4,046 11.2 %Total net sales$787,353 $740,835 $46,518 6.3 %

Retail sales increased by $42.5 million, or 6.0%, during the twenty-six weeks ended June 28, 2025, compared to the twenty-six weeks ended June 29, 2024. The increase in retail sales resulted primarily from growth in our store base and a 3.7% increase in comparable store sales, partially offset by the unfavorable impact of foreign currency exchange rates.

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Cost of merchandise sold, exclusive of depreciation and amortization

The following table presents cost of merchandise sold, exclusive of depreciation and amortization:

Twenty-Six Weeks Ended(in thousands)June 28, 2025June 29, 2024$ Change% ChangeCost of merchandise sold, exclusive of depreciation and amortization$355,381 $320,790 $34,591 10.8 %

Cost of merchandise sold increased 180 basis points to 45.1% of net sales during the twenty-six weeks ended June 28, 2025, compared to 43.3% for the twenty-six weeks ended June 29, 2024. The 180 basis point increase primarily reflects deleverage of cost of merchandise sold as a percentage of net