Owen Rickert, an analyst from Northland Securities, maintained the Buy rating on Savers Value Village Inc.. The associated price target remains the same with $14.50.
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Owen Rickert has given his Buy rating due to a combination of factors that highlight the promising growth potential of Savers Value Village Inc. Despite challenges in the Canadian market, the company is experiencing significant momentum in the U.S., driven by increased adoption of thrift shopping among younger and more affluent consumers. This trend is expected to continue as consumers seek to maximize their discretionary spending.
Rickert notes that U.S. comparable store sales have shown a strong year-over-year increase, supported by a rise in both transaction numbers and average basket size. Additionally, the company’s plans to expand into new markets such as North Carolina and Tennessee, with 25 new store openings planned for 2026, further bolster its growth outlook. While there are some near-term pressures, particularly in Canada, the disciplined execution of U.S. expansion strategies and favorable macro trends underpin Rickert’s positive outlook on the company’s future performance.