Savers Value Village Inc.(NYSE:SVV) 
Savers Value Village, Inc. sells second-hand merchandise in retail stores in the United States, Canada, and Australia. The company is headquartered in Bellevue, Washington.
Website: https://www.savers.com/
Founded: 1954
Founder: Bill Ellison
CEO: Mark Walsh
Sector: TECHNOLOGY
Industry: GENERAL
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At a glance:
Bull Thesis:
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Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-01-03 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-30 | 2023-09-30 | 2023-07-01 |
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net sales | 464,666,000 | 426,935,000 | 417,208,000 | 370,145,000 | 401,985,000 | 394,797,000 | 386,663,000 | 354,172,000 | 382,765,000 | 392,698,000 | 379,102,000 |
yoy | 15.59% | 8.14% | 7.90% | 4.51% | 5.02% | 0.53% | 1.99% | ||||
qoq | 8.84% | 2.33% | 12.71% | -7.92% | 1.82% | 2.10% | 9.17% | -7.47% | -2.53% | 3.59% | |
operating expenses: | |||||||||||
cost of merchandise sold, exclusive of depreciation and amortization | 207,255,000 | 188,240,000 | 186,878,000 | 168,503,000 | 178,178,000 | 170,776,000 | 162,626,000 | 158,164,000 | 160,721,000 | 158,252,000 | 154,945,000 |
salaries, wages and benefits | 92,695,000 | 84,520,000 | 86,993,000 | 84,802,000 | 82,182,000 | 74,189,000 | 90,955,000 | 83,697,000 | 90,101,000 | 116,114,000 | 67,342,000 |
selling, general and administrative | 99,481,000 | 99,514,000 | 88,412,000 | 87,079,000 | 92,005,000 | 83,897,000 | 83,486,000 | 77,743,000 | 79,008,000 | 82,076,000 | 73,259,000 |
depreciation and amortization | 21,900,000 | 18,320,000 | 20,904,000 | 19,358,000 | 16,552,000 | 17,297,000 | 17,380,000 | 18,301,000 | 16,056,000 | 15,911,000 | 14,693,000 |
total operating expenses | 421,331,000 | 390,594,000 | 383,187,000 | 359,742,000 | 368,917,000 | 346,159,000 | 354,447,000 | 337,905,000 | 345,886,000 | 372,353,000 | 310,239,000 |
operating income | 43,335,000 | 36,341,000 | 34,021,000 | 10,403,000 | 33,068,000 | 48,638,000 | 32,216,000 | 16,267,000 | 36,879,000 | 20,345,000 | 68,863,000 |
yoy | 31.05% | -25.28% | 5.60% | -36.05% | -10.33% | 139.07% | -53.22% | ||||
qoq | 19.25% | 6.82% | 227.03% | -68.54% | -32.01% | 50.97% | 98.05% | -55.89% | 81.27% | -70.46% | |
operating margin % | 9.33% | 8.51% | 8.15% | 2.81% | 8.23% | 12.32% | 8.33% | 4.59% | 9.63% | 5.18% | 18.16% |
other expense: | |||||||||||
interest expense | 13,889,000 | 17,276,000 | 15,985,000 | 14,814,000 | -15,135,000 | -15,466,000 | -15,767,000 | -16,076,000 | -17,588,000 | -18,708,000 | -27,734,000 |
loss on foreign currency | -4,629,000 | 3,839,000 | -8,611,000 | -1,631,000 | |||||||
loss on extinguishment of debt | 389,000 | 32,621,000 | 2,718,000 | -4,088,000 | -10,615,000 | ||||||
other expense | 98,000 | -66,000 | 37,000 | 166,000 | -30,127,000 | -13,191,000 | -16,211,000 | -106,000 | -13,000,000 | -29,563,000 | -22,813,000 |
income before income taxes | 33,588,000 | -17,329,000 | 26,610,000 | -5,664,000 | 2,941,000 | 35,447,000 | 16,005,000 | -4,959,000 | 23,879,000 | -9,218,000 | 46,050,000 |
income tax expense | 11,140,000 | -3,326,000 | 7,693,000 | 4,837,000 | 13,766,000 | 6,293,000 | -19,993,000 | 6,394,000 | 11,000,000 | ||
net income | 22,448,000 | -14,003,000 | 18,917,000 | -4,723,000 | -1,896,000 | 21,681,000 | 9,712,000 | -467,000 | 43,872,000 | -15,612,000 | 35,050,000 |
yoy | -1283.97% | -164.59% | 94.78% | 911.35% | -104.32% | -238.87% | -72.29% | ||||
qoq | -260.31% | -174.02% | -500.53% | 149.10% | -108.74% | 123.24% | -2179.66% | -101.06% | -381.01% | -144.54% | |
net income margin % | 4.83% | -3.28% | 4.53% | -1.28% | -0.47% | 5.49% | 2.51% | -0.13% | 11.46% | -3.98% | 9.25% |
other comprehensive income, net of tax: | |||||||||||
foreign currency translation adjustments | 1,725,000 | -2,001,000 | 4,209,000 | 632,000 | -6,465,000 | 1,390,000 | -681,000 | -1,893,000 | 2,461,000 | -1,508,000 | -1,682,000 |
cash flow hedges | -292,000 | -680,000 | -1,796,000 | -2,636,000 | -2,636,000 | -2,637,000 | -2,515,000 | -825,000 | -5,054,000 | -1,307,000 | 2,039,000 |
other comprehensive loss | 1,433,000 | -2,681,000 | -2,004,000 | -1,790,250 | -1,247,000 | -2,718,000 | |||||
comprehensive income | 23,881,000 | -16,684,000 | 21,330,000 | -10,997,000 | 20,434,000 | 6,516,000 | 41,279,000 | -18,427,000 | 35,407,000 | ||
net income per share | -0.09 | 0.12 | -0.03 | -0.01 | 0.13 | 0.06 | 0.29 | -0.1 | 0.25 | ||
basic weighted-average shares outstanding | 156,649 | 155,770 | 156,464 | 158,584 | 160,911 | 160,856 | 161,788 | 161,247 | 151,027 | 160,247 | 141,712 |
diluted weighted-average shares outstanding | 162,779 | 155,770 | 162,393 | 158,584 | 166,706 | 165,671 | 168,010 | 161,247 | 156,156 | 160,247 | 146,174 |
other comprehensive income | 2,413,000 | -3,196,000 | -2,593,000 | -2,815,000 | 357,000 | ||||||
income tax benefit | -941,000 | -4,492,000 | |||||||||
comprehensive loss | -6,727,000 | -3,185,000 | |||||||||
other income: | |||||||||||
gain on foreign currency | -14,841,000 | 2,443,000 | -940,000 | -956,000 | 1,073,000 | -195,000 | 4,487,000 | ||||
other income | -151,000 | -168,000 | 496,000 | 3,515,000 | -45,000 | 434,000 | |||||
other comprehensive loss, net of tax: |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-01-03 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-30 | 2023-09-30 | 2023-07-01 |
|---|---|---|---|---|---|---|---|---|---|---|---|
current assets: | |||||||||||
cash and cash equivalents | 85,904,000 | 63,516,000 | 70,550,000 | 73,019,000 | 149,967,000 | 137,719,000 | 160,651,000 | 102,183,000 | 179,955,000 | 125,307,000 | |
trade receivables | 17,094,000 | 18,312,000 | 19,205,000 | 17,823,000 | 16,761,000 | 15,688,000 | 13,674,000 | 12,557,000 | 11,767,000 | ||
inventories | 41,480,000 | 47,447,000 | 42,850,000 | 39,108,000 | 34,288,000 | 39,644,000 | 37,549,000 | 35,325,000 | 32,820,000 | 36,007,000 | |
prepaid expenses and other current assets | 52,629,000 | 62,036,000 | 38,054,000 | 31,330,000 | 24,634,000 | 32,756,000 | 38,325,000 | 31,911,000 | 25,691,000 | 25,021,000 | |
total current assets | 197,107,000 | 194,255,000 | 170,683,000 | 164,325,000 | 230,224,000 | 225,807,000 | 250,251,000 | 218,109,000 | 257,924,000 | 208,296,000 | |
property and equipment | 338,995,000 | 322,208,000 | 309,082,000 | 285,428,000 | 270,123,000 | 264,778,000 | 251,719,000 | 236,068,000 | 229,405,000 | 218,150,000 | |
right-of-use lease assets | 634,012,000 | 606,817,000 | 609,440,000 | 572,800,000 | 552,762,000 | 549,756,000 | 539,624,000 | 515,224,000 | 499,375,000 | 482,648,000 | |
goodwill | 677,884,000 | 673,913,000 | 678,895,000 | 667,126,000 | 665,465,000 | 682,072,000 | 678,895,000 | 681,520,000 | 687,368,000 | 680,798,000 | |
intangible assets | 153,589,000 | 154,376,000 | 155,758,000 | 158,415,000 | 159,330,000 | 163,439,000 | 165,045,000 | 163,977,000 | 166,681,000 | 167,236,000 | |
other assets | 9,300,000 | 7,326,000 | 5,886,000 | 3,690,000 | 3,790,000 | 3,819,000 | 3,876,000 | 3,057,000 | 3,133,000 | 3,251,000 | |
total assets | 2,010,887,000 | 1,960,286,000 | 1,939,121,000 | 1,859,188,000 | 1,885,495,000 | 1,889,671,000 | 1,889,410,000 | 1,817,955,000 | 1,867,405,000 | 1,791,595,000 | |
current liabilities: | |||||||||||
accounts payable and accrued liabilities | 75,636,000 | 73,502,000 | 90,783,000 | 78,552,000 | 83,039,000 | 80,790,000 | 106,092,000 | 93,447,000 | 92,550,000 | 80,650,000 | |
accrued payroll and related taxes | 71,295,000 | 63,101,000 | 61,349,000 | 49,016,000 | 52,252,000 | 45,860,000 | 50,150,000 | 44,001,000 | 65,096,000 | 56,368,000 | |
lease liabilities – current | 89,586,000 | 98,721,000 | 96,573,000 | 93,731,000 | 89,809,000 | 83,554,000 | 80,899,000 | 77,829,000 | 79,306,000 | 80,284,000 | |
current portion of long-term debt | 7,500,000 | 5,625,000 | 6,000,000 | 6,000,000 | 6,000,000 | ||||||
total current liabilities | 244,017,000 | 240,949,000 | 248,705,000 | 221,299,000 | 231,100,000 | 216,204,000 | 243,141,000 | 221,277,000 | 241,452,000 | 223,302,000 | |
long-term debt | 708,215,000 | 729,231,000 | 700,526,000 | 699,278,000 | 735,133,000 | 735,349,000 | 735,593,000 | 735,863,000 | 784,593,000 | 783,295,000 | |
lease liabilities – non-current | 575,962,000 | 531,498,000 | 529,624,000 | 492,664,000 | 472,343,000 | 469,545,000 | 460,038,000 | 438,994,000 | 419,407,000 | 398,231,000 | |
other liabilities | 47,114,000 | 38,414,000 | 36,792,000 | 32,134,000 | 25,239,000 | 22,391,000 | 23,869,000 | 19,910,000 | 17,989,000 | 14,347,000 | |
total liabilities | 1,575,308,000 | 1,545,663,000 | 1,515,647,000 | 1,445,375,000 | 1,463,815,000 | 1,456,788,000 | 1,469,955,000 | 1,422,998,000 | 1,491,350,000 | 1,478,453,000 | |
commitments and contingencies | |||||||||||
stockholders’ equity: | |||||||||||
preferred stock, 0.000001 par value... | |||||||||||
common stock, 0.000001 par value... | |||||||||||
additional paid-in capital | 695,443,000 | 688,534,000 | 680,808,000 | 668,667,000 | 657,906,000 | 647,106,000 | 636,494,000 | 615,196,000 | 593,109,000 | 571,475,000 | |
accumulated deficit | -273,250,000 | -285,864,000 | -271,968,000 | -267,075,000 | -250,451,000 | -237,549,000 | -241,612,000 | -248,008,000 | -247,541,000 | -291,413,000 | |
accumulated other comprehensive income | 13,386,000 | 11,953,000 | 14,634,000 | 12,221,000 | 14,225,000 | 23,326,000 | 24,573,000 | 27,769,000 | 30,487,000 | 33,080,000 | |
total stockholders’ equity | 435,579,000 | 414,623,000 | 423,474,000 | 413,813,000 | 421,680,000 | 432,883,000 | 419,455,000 | 394,957,000 | 376,055,000 | 313,142,000 | |
total liabilities and stockholders’ equity | 2,010,887,000 | 1,960,286,000 | 1,939,121,000 | 1,859,188,000 | 1,885,495,000 | 1,889,671,000 | 1,889,410,000 | 1,817,955,000 | 1,867,405,000 | 1,791,595,000 | |
derivative assets – current | 2,944,000 | 24,000 | 3,045,000 | 4,574,000 | 52,000 | 36,133,000 | 7,691,000 | ||||
deferred tax assets | 1,391,000 | 9,377,000 | 7,404,000 | 3,801,000 | |||||||
derivative liabilities – non-current | 4,343,000 | ||||||||||
deferred tax liabilities | 1,228,000 | 13,299,000 | 7,314,000 | 6,954,000 | 27,909,000 | 59,278,000 | |||||
derivative assets - non-current | 23,519,000 | ||||||||||
derivative assets – non-current | |||||||||||
current portion of long-term debt and short-term borrowings | 6,000,000 | 4,500,000 | 6,000,000 | ||||||||
trade receivables, net of allowance | 11,955,000 | ||||||||||
derivative asset – current | 10,006,000 | ||||||||||
derivative asset – non-current | 31,216,000 | ||||||||||
retail sales | 360,421,000 | ||||||||||
wholesale sales | 18,681,000 | ||||||||||
total net sales | 379,102,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-01-03 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-30 | 2023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||
net income | 22,448,000 | -14,003,000 | -1,896,000 | 21,681,000 | 43,872,000 | -15,612,000 | ||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||
stock-based compensation expense | 7,427,000 | 7,210,000 | 12,429,000 | 11,536,000 | 10,529,000 | 10,328,000 | 21,650,000 | 19,129,000 | 21,634,000 | 49,113,000 |
amortization of debt issuance costs and debt discount | 596,000 | 1,346,000 | 1,406,000 | 1,420,000 | 1,442,000 | 1,414,000 | 1,354,000 | 1,401,000 | 1,420,000 | 1,408,000 |
depreciation and amortization | 21,900,000 | 18,320,000 | 20,904,000 | 19,358,000 | 16,552,000 | 17,297,000 | 17,380,000 | 18,301,000 | 16,056,000 | 15,911,000 |
operating lease expense | 41,444,000 | 36,800,000 | 35,398,000 | 34,029,000 | 34,964,000 | 33,616,000 | 32,143,000 | 31,450,000 | 30,704,000 | 30,929,000 |
deferred income taxes | 3,736,000 | 9,392,000 | -1,827,000 | -3,589,000 | -17,369,000 | 6,120,000 | 180,000 | -20,811,000 | -31,524,000 | -9,015,000 |
loss on extinguishment of debt | 389,000 | 32,621,000 | 0 | 2,718,000 | 0 | 0 | 0 | 4,088,000 | 0 | 10,615,000 |
other items | -4,845,000 | 7,970,000 | -11,365,000 | -4,558,000 | 19,291,000 | -6,312,000 | -1,940,000 | -1,991,000 | -2,341,000 | -1,914,000 |
changes in operating assets and liabilities, net of acquisition: | ||||||||||
trade receivables | 1,184,000 | 773,000 | -1,156,000 | -988,000 | -1,719,000 | -2,191,000 | -1,155,000 | -683,000 | 399,000 | 937,000 |
inventories | 6,243,000 | -4,945,000 | -3,002,000 | -4,715,000 | 4,326,000 | -1,909,000 | -1,725,000 | -2,590,000 | 3,301,000 | -5,936,000 |
prepaid expenses and other assets | 10,784,000 | -24,224,000 | ||||||||
accounts payable and accrued liabilities | 6,539,000 | -19,720,000 | 7,879,000 | -10,328,000 | 4,905,000 | -27,148,000 | 12,963,000 | 1,234,000 | 5,698,000 | -22,271,000 |
accrued payroll and related taxes | 7,109,000 | 1,998,000 | 10,515,000 | -4,068,000 | 8,109,000 | -4,139,000 | 5,807,000 | -20,465,000 | 7,947,000 | 1,379,000 |
operating lease liabilities | -33,607,000 | -32,841,000 | -32,425,000 | -29,822,000 | -31,312,000 | -31,337,000 | -30,698,000 | -29,283,000 | -26,357,000 | -28,981,000 |
other liabilities | -568,000 | 939,000 | 3,010,000 | 1,084,000 | 107,000 | 1,018,000 | 674,000 | 1,178,000 | -30,000 | 908,000 |
net cash from operating activities | 90,779,000 | 21,636,000 | 54,446,000 | 419,000 | 55,833,000 | 23,877,000 | 60,366,000 | -5,800,000 | 70,763,000 | 50,612,000 |
capital expenditures | -37,556,000 | -27,942,000 | -32,562,000 | -20,583,000 | -25,731,000 | -26,862,000 | -30,790,000 | -22,494,000 | -17,164,000 | -27,412,000 |
free cash flows | 53,223,000 | -6,306,000 | 21,884,000 | -20,164,000 | 30,102,000 | -2,985,000 | 29,576,000 | -28,294,000 | 53,599,000 | 23,200,000 |
cash flows from investing activities: | ||||||||||
purchases of property and equipment | -37,556,000 | -27,942,000 | -32,562,000 | -20,583,000 | -25,731,000 | -26,862,000 | -30,790,000 | -22,494,000 | -17,164,000 | -27,412,000 |
settlement of derivative instruments | 507,000 | 135,000 | 655,000 | 1,183,000 | 349,000 | 58,000 | 28,195,000 | -59,000 | 227,000 | |
purchase of marketable securities | -188,000 | -35,000 | ||||||||
proceeds from sale of marketable securities | 402,000 | 89,000 | ||||||||
business acquisition, net of cash acquired | 0 | -333,000 | ||||||||
purchase of trade name | 0 | |||||||||
net cash from investing activities | -36,835,000 | -27,753,000 | -34,479,000 | -19,400,000 | -25,382,000 | -27,137,000 | -5,451,000 | -22,553,000 | -16,937,000 | -28,293,000 |
cash flows from financing activities: | ||||||||||
proceeds from issuance of long-term debt | 0 | 0 | 0 | |||||||
principal payments on long-term debt | -20,000,000 | -716,756,000 | 0 | -44,500,000 | -1,500,000 | -1,500,000 | -1,500,000 | -51,000,000 | -1,500,000 | -308,906,000 |
payment of debt issuance costs | -1,937,000 | 0 | 0 | -893,000 | -111,000 | 0 | 0 | |||
prepayment premium on extinguishment of debt | 0 | -19,549,000 | 0 | -1,335,000 | 0 | 0 | 0 | -1,485,000 | 0 | |
advances on revolving line of credit | 0 | 0 | ||||||||
repayments of revolving line of credit | 0 | -5,000,000 | ||||||||
proceeds from stock option exercises | 472,000 | 865,000 | 357,000 | 54,000 | 278,000 | 304,000 | 181,000 | 2,958,000 | ||
repurchase of common stock, including excise tax | ||||||||||
shares withheld for taxes | -161,000 | -446,000 | ||||||||
principal payments on finance lease liabilities | -1,178,000 | -1,108,000 | -972,000 | -700,000 | -516,000 | -394,000 | -359,000 | -346,000 | ||
settlement of derivative instrument | 0 | 0 | 9,563,000 | 2,362,000 | 2,388,000 | |||||
dividends paid | 0 | 0 | ||||||||
proceeds from initial public offering | ||||||||||
payment of offering costs | -295,000 | |||||||||
other | -433,000 | 0 | ||||||||
net cash from financing activities | -32,802,000 | -285,000 | -24,440,000 | -58,493,000 | -12,485,000 | -20,609,000 | 4,086,000 | -47,622,000 | -933,000 | -7,279,000 |
effect of exchange rate changes on cash and cash equivalents | 1,246,000 | -632,000 | 2,004,000 | 526,000 | -5,718,000 | 937,000 | -533,000 | -1,797,000 | 1,755,000 | -1,298,000 |
net change in cash and cash equivalents | 22,388,000 | -7,034,000 | -2,469,000 | -76,948,000 | 12,248,000 | -22,932,000 | 58,468,000 | -77,772,000 | 54,648,000 | 13,742,000 |
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 149,967,000 | 0 | 0 | 0 | 179,955,000 | 0 | 0 |
cash and cash equivalents at end of period | 22,388,000 | -7,034,000 | -2,469,000 | 73,019,000 | 12,248,000 | -22,932,000 | 58,468,000 | 102,183,000 | 54,648,000 | 13,742,000 |
supplemental disclosures of cash flow information: | ||||||||||
interest paid on debt | 13,338,000 | 28,995,000 | 6,427,000 | 28,056,000 | 6,731,000 | 29,293,000 | 7,328,000 | 32,057,000 | 8,908,000 | 36,351,000 |
supplemental disclosure of noncash investing and financing activities: | ||||||||||
noncash capital expenditures | -3,487,000 | 1,769,000 | 799,000 | 7,532,000 | -2,780,000 | 2,032,000 | -2,052,000 | 6,587,000 | 3,466,000 | -1,521,000 |
repurchase of common stock and excise tax not yet paid | ||||||||||
changes in operating assets and liabilities, net of acquisitions: | ||||||||||
repurchase of common stock | 0 | |||||||||
income taxes paid | 6,996,000 | 21,115,000 | 6,744,000 | 19,589,000 | 7,379,000 | 16,649,000 | 4,584,000 | 12,448,000 | 775,000 | |
debt issuance costs not yet paid | ||||||||||
option exercises not yet received | ||||||||||
repurchase of common stock not yet paid | 14,000 | 318,000 | ||||||||
net loss | -4,723,000 | -467,000 | ||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||
changes in operating assets and liabilities: | ||||||||||
prepaid expenses and other current assets | -6,935,000 | 7,904,000 | 5,439,000 | -5,979,000 | -6,291,000 | -16,000 | 23,141,000 | |||
repurchase of common stock under share repurchase program | -11,842,000 | -10,740,000 | -18,068,000 | |||||||
repurchase of shares and shares withheld for taxes | -170,000 | -7,000 | -513,000 | |||||||
supplemental disclosure of noncash investing activities: | ||||||||||
offering costs not yet paid | ||||||||||
repurchase of shares and shares withheld to cover taxes | 0 | 0 | ||||||||
noncash interest expense | ||||||||||
acquisition of 2nd ave, net of cash acquired | ||||||||||
principal payments on long-term debt to related parties | ||||||||||
prepayment premium on extinguishment of debt to related parties | ||||||||||
proceeds from initial public offering, net of underwriting fees | ||||||||||
net settlement of derivative instruments |