Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 127

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 127
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 due to debt repayments. Over the same period, the weighted average interest rate decreased 46 basis points from 9.46% to 9.00%. This decrease was due to a decrease in interest rates affecting amounts borrowed under our Term Loan Facility.

26

(Gain) loss on foreign currency, net

The following table presents (gain) loss on foreign currency, net:

Thirteen Weeks Ended(in thousands)June 28, 2025June 29, 2024$ Change% Change(Gain) loss on foreign currency remeasurement$(12,859)$3,162 $(16,021)n/mLoss (gain) on derivative instruments4,248 (2,222)6,470 n/mTotal (gain) loss on foreign currency, net$(8,611)$940 $(9,551)n/m

n/m - not meaningful

Gains and losses on foreign currency relate primarily to movements in the Canadian dollar (“CAD”) relative to the U.S. dollar (“USD”). During the thirteen weeks ended June 28, 2025, the USD weakened against the CAD relative to March 29, 2025, resulting in remeasurement gains of $12.9 million arising primarily on USD-denominated debt held by one of our Canadian subsidiaries. We also recorded losses of $4.2 million during the thirteen weeks ended June 28, 2025 on derivative instruments we use to manage foreign currency exchange rate risk. 

During the thirteen weeks ended June 29, 2024, the USD strengthened against the CAD relative to March 30, 2024, resulting in remeasurement losses of $3.2 million arising primarily on USD-denominated debt held by one of our Canadian subsidiaries. We also recorded gains of $2.2 million during the thirteen weeks ended June 29, 2024 on derivative instruments we use to manage foreign currency exchange rate risk.

Other expense (income), net

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

Thirteen Weeks Ended(in thousands)June 28, 2025June 29, 2024$ Change% ChangeOther expense (income), net$37 $(496)$533 n/m

n/m – not meaningful

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

Income tax expense

The following table presents income tax expense:

Thirteen Weeks Ended(in thousands)June 28, 2025June 29, 202