Savers Value Village Inc. ( (SVV) ) has released its Q2 earnings. Here is a breakdown of the information Savers Value Village Inc. presented to its investors.
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Savers Value Village, Inc., a leading for-profit thrift operator in the U.S. and Canada, specializes in offering value-priced pre-owned clothing, accessories, and household goods with a mission to promote reuse and sustainability.
In its latest earnings report, Savers Value Village, Inc. announced a robust financial performance for the second quarter of 2025, marked by a notable increase in net sales and comparable store sales, alongside an optimistic revision of its fiscal 2025 outlook.
The company reported a 7.9% increase in net sales, reaching $417.2 million, with U.S. sales growing by 10.5% and Canadian sales by 3.4%. Comparable store sales rose by 4.6%, driven by a 6.2% increase in the U.S. and a 2.6% rise in Canada. The company also opened four new stores, bringing the total to 354. Net income for the quarter was $18.9 million, or $0.12 per diluted share, while adjusted EBITDA stood at $68.8 million.
Strategically, Savers Value Village, Inc. raised its fiscal 2025 guidance, anticipating net sales between $1.67 billion to $1.69 billion and adjusted EBITDA from $252 million to $267 million. The company also engaged in share repurchases, buying back approximately 0.4 million shares under its existing program.
Looking ahead, Savers Value Village, Inc. remains confident in its growth trajectory, supported by strong consumer demand for secondhand goods and strategic expansions. The company is well-positioned to capitalize on the increasing acceptance of thrift shopping, with plans to open more stores and enhance its operational efficiencies.