Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 83

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 of donations under this strategy can occur at offsite warehouse facilities, stores with surplus processing capacity or at CPCs.

Our store experience directly reflects our mission to make secondhand second nature. We deliver a well merchandised environment that maximizes customer engagement and supports a core tenet for any thrifter—the treasure hunt. Our stores offer a wide selection of quality items across clothing, home goods, books and other items at convenient locations. Our sales floor inventory is also regularly rotated and refreshed, providing our customers with an extensive, ever-changing selection at tremendous value. 

In support of our efforts to extend the life of reusable goods and recover a portion of the cost of acquiring our supply of secondhand items, we sell the majority of textile items that are unsuited for or unsold at retail stores to our wholesale customers (predominantly comprised of textile graders and small business owners) who supply local communities across the globe with gently used, affordable items like clothing, housewares, toys and shoes. Textiles not suitable for reuse as secondhand clothing can be repurposed into other textile items (e.g., wiping rags) and post-consumer fibers (e.g., insulation, carpet padding), further reducing waste.

Business Highlights

The following highlights our financial results for the thirteen weeks ended June 28, 2025 (the “second quarter”). Comparisons are to the thirteen weeks ended June 29, 2024:

•Total Company net sales increased 7.9% to $417.2 million; constant-currency net sales increased 8.5%; and comparable store sales increased 4.6%.

•For the U.S., net sales increased 10.5% and comparable store sales increased 6.2%.

•For Canada, net sales increased 3.4%; constant-currency net sales increased 4.7%; and comparable store sales increased 2.6%.

•Opened 4 new stores, ending the second quarter with 354 stores. 

•Net income was $18.9 million, or $0.12 per diluted share, and net income margin was 4.5%. 

•Adjusted net income was $22.8 million, or $0.14 per diluted share.

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•Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) was $68.8 million and Adjusted EBITDA margin was 16.5%. Changes in foreign currency exchange rates negatively impacted Adjusted EBITDA by $0.4 million during the