Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 75

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 75
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.8 million for the U.S. Retail segment and an increase of $0.1 million for the Canada Retail segment for the thirteen weeks ended June 29, 2024. For the twenty-six weeks ended June 29, 2024, the recast resulted in a decrease in segment profit of $5.0 million for the U.S. Retail segment and a decrease of $0.7 million for the Canada Retail segment.Segment profit may not be comparable to similarly titled measures used by other entities. These measures should not be considered as alternatives to our GAAP measures of operating income, net income or cash flows from operating activities as an indicator of the Company’s performance or as a measure of its liquidity.Our segment results are presented in the tables below. In each table, “Other profit” is attributable to the Australia Retail and Wholesale operating segments which have been combined.

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Thirteen Weeks Ended June 28, 2025(in thousands)U.S. RetailCanada RetailTotalSegment sales$228,833 $154,956 $383,789 Segment expenses:Cost of merchandise sold, exclusive of depreciation and amortization104,090 66,400 170,490 Salaries, wages and benefits32,396 19,203 51,599 Selling, general and administrative43,834 29,878 73,712 Total segment expenses180,320 115,481 295,801 Segment profit$48,513 $39,475 87,988 Reconciliation of profitOther profit8,689 General corporate expenses41,752 Depreciation and amortization20,904 Operating income34,021 Interest expense, net15,985 Gain on foreign currency, net(8,611)Other expense, net37 Income before income taxes$26,610 Thirteen Weeks Ended June 29, 2024(in thousands)U.S. RetailCanada RetailTotalSegment sales$207,068 $149,836 $356,904 Segment expenses:Cost of merchandise sold, exclusive of depreciation and amortization90,562 57,889 148,451 Salaries, wages and benefits28,874 18,445 47,319 Selling, general and administrative39,574 29,424 68,998 Total segment expenses159,010 105,758 264,768 Segment profit$48,058 $44,078 92,136