Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 107

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 107
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 if exchange rates had remained constant period-over-period. During the thirteen weeks ended March 29, 2025, as compared to the thirteen weeks ended March 30, 2024, the USD was stronger relative to the CAD and the Australian dollar (“AUD”), which resulted in an unfavorable impact on our operating results. The Company calculates constant-currency net sales by translating current-period net sales using the average exchange rates from the comparative prior period rather than the actual average exchange rates in effect.

A reconciliation of GAAP net sales to constant-currency net sales is presented in the table below:

Thirteen Weeks Ended(dollars in thousands)Net SalesImpact of Foreign CurrencyConstant-Currency Net Sales$ Change Over Prior Year% Change Over Prior YearMarch 29, 2025U.S. Retail$210,765 $— $210,765 $18,185 9.4 %Canada Retail128,635 8,434 137,069 2,950 2.2 %Other30,745 713 31,458 3,985 14.5 %Total net sales$370,145 $9,147 $379,292 $25,120 7.1 %March 30, 2024U.S. Retail$192,580 n/a$192,580 n/an/aCanada Retail134,119 n/a134,119 n/an/aOther27,473 n/a27,473 n/an/aTotal net sales$354,172 n/a$354,172 n/an/a

n/a - not applicable

Liquidity and Capital Resources

Overview

We have historically financed our operations primarily with cash generated by operating activities and proceeds from debt issuances. Although we do not anticipate paying any cash dividends in the foreseeable future, any future determination relating to dividend policy will be made at the discretion of our board of directors and will depend on a number of factors, including restrictions in our current and future debt instruments, our future earnings, capital requirements, financial condition, prospects and applicable Delaware law, which provides that dividends are only payable out of surplus or current net profits.

Our primary short-term requirements for liquidity and capital are to meet general working capital needs, fund capital expenditures and to make interest payments on our debt. Our primary long-term liquidity and capital needs relate to repaying the principal balance on our debt and making lease payments on our retail stores and processing facilities. We may also use cash on our balance