Company: SVV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001883313-25-000101
Chunk: 149

Company: Savers Value Village, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 149
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During the thirteen weeks ended September 27, 2025, we redeemed the remaining aggregate principal amount of the Notes and repaid all outstanding amounts under the 2021 Term Loan Facility using the proceeds, in part, from the 2025 Term Loan Facility. As a result of this transaction, the Company recorded a $32.6 million loss on extinguishment of debt, which included a $19.5 million prepayment premium, as well as the write-off of unamortized debt issuance costs and debt discounts under the Notes and 2021 Term Loan Facility.

Other (income) expense, net

The following table presents other (income) expense, net:

Thirteen Weeks Ended(in thousands)September 27, 2025September 28, 2024$ Change% ChangeOther (income) expense, net$(66)$168 $(234)n/m

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Other (income) expense, net is comprised primarily of miscellaneous income and expenses not directly related to our core operating activities.

32

Income tax (benefit) expense

The following table presents income tax (benefit) expense:

Thirteen Weeks Ended(in thousands)September 27, 2025September 28, 2024$ Change% ChangeIncome tax (benefit) expense$(3,326)$13,766 $(17,092)n/mEffective tax rate19.2 %38.8 %

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We estimate an annual projected effective tax rate for the fiscal year to determine income tax expense or benefit in the interim periods. As such, income tax (benefit) expense includes the impact of changes to the estimate of forecasted annual pre-tax book income, together with actual results from the current quarter, relative to the prior quarter in each respective year, adjusted for discrete quarterly events, as applicable. For the thirteen weeks ended September 27, 2025 and September 28, 2024, the effective tax rates of 19.2% and 38.8%, respectively, reflects the impact of changes to the estimate of forecasted annual pre-tax book income relative to the prior quarter and tax shortfalls related to stock-based compensation.

Segment results

The following table presents net sales and profit by segment:

Thirteen Weeks Ended(in thousands)September 27, 2025September 28, 2024$ Change% ChangeNet sales:U.S. Retail$234,712 $212,470 $22