Savers Value Village reports Q1 adjusted EPS 2c, consensus 2c

Reports Q1 revenue $403.2M, consensus $394.38M. Ccomparable store sales increased 3.5%. Mark Walsh, Chief Executive Officer, stated, “I am pleased that we delivered year-over-year adjusted EBITDA growth for the second consecutive quarter, with segment profit growth in both the U.S. and Canada. U.S. comparable store sales growth of 6.4% reflects strong demand for our value proposition across the consumer spectrum. We also made further progress on our strategic priorities, with new stores continuing to perform in line with our expectations, and advancements in our innovation agenda including targeted technology initiatives that enhance data-driven decision-making and execution.”