Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 60

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 effect of cash flow hedge accounting on other comprehensive income (loss), net of tax:Thirteen Weeks Ended(in thousands)March 29, 2025March 30, 2024Gain recognized in other comprehensive loss$— $2,199 Gain reclassified from accumulated other comprehensive income into net loss$2,636 $3,024 As of March 29, 2025 and December 28, 2024, the Company’s total deferred gain in accumulated other comprehensive income in the unaudited interim Condensed Consolidated Balance Sheets was $1.8 million and $4.4 million, respectively. Amounts reclassified from accumulated other comprehensive income into net loss are recognized in interest expense, net in the unaudited interim Condensed Consolidated Statements of Operations and Comprehensive Loss. Within the next 12 months, the Company estimates that an additional $1.8 million of gains recognized within accumulated other comprehensive income will be reclassified as a decrease in interest expense, net.

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Table of Contents

Note 7. Segments

The Company’s Chief Executive Officer, who is the chief operating decision maker (“CODM”), assesses segment performance and makes resource allocation decisions based on the geographies in which it conducts its retail operations, and separately for its wholesale operations, each of which represents an operating segment. For disclosure purposes, U.S. Retail and Canada Retail were determined to be reportable segments. Neither the Company’s retail operations in Australia nor its wholesale operations meet the quantitative thresholds to be reported separately and since they do not share similar economic characteristics, they have been combined and disclosed within Other Profit. We do not separately present assets for our reportable segments because the Company’s CODM is not provided these amounts.General corporate expenses include unallocated corporate overhead recorded in salaries, wages and benefits, and selling, general and administrative in the unaudited interim Condensed Consolidated Statements of Operations and Comprehensive Loss.Beginning in the first quarter of fiscal year 2025, the Company revised its calculation of segment profit to include, among other things, lease expense as recognized under Topic 842, consistent with the information provided to the CODM. Previously, segment profit included cash-basis rent. Prior period amounts have been recast to reflect this change, resulting in a decrease in segment profit of $1.2 million for the U.S. Retail segment and $0.8 million for the Canada Retail segment for the thirteen weeks ended March 30, 2024.Segment profit may not be comparable