Savers Value Village Q2 net income up 13.6% to $35.1M; comp sales +5.5%

Savers Value Village, Inc.

2023-Q2 EPS reported $0.17 revenue$724,786,000

Net sales $379.1M (+4.0% YoY; +6.2% constant currency); comp store sales +5.5%.
Net income $35.1M ($0.24 diluted EPS) vs $30.9M ($0.21) prior year; net margin 9.2%.
Adjusted net income $32.6M ($0.22 adjusted EPS); Adjusted EBITDA $89.3M (+4.7%), margin 23.5%.
Sales yield rose 8.0% to $1.49/lb; opened 1 store, ending Q2 with 318 stores (+2.9% YoY).
CEO cites consumer demand for value and sustainability; results exceeded internal expectations.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.96

Savers Value Village, Inc. reported thirteen weeks ended July 1, 2023 results: revenue $379.1 million, net income $35.1 million, EPS $0.24 per diluted share.

Period: thirteen weeks ended July 1, 2023
Revenue: $379.1 million
Net income: $35.1 million
EPS: $0.24 per diluted share
Result: reported results

Exact text from the filing

Highlights for the Second Quarter of 2023, Compared to the Second Quarter of 2022 • Net sales increased 4.0% to $379.1 million. Constant currency net sales 1 increased 6.2% to $387.4 million. • Comparable store sales increased 5.5%, with U.S.

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Source: SEC EDGAR

accession 0001883313-23-000004

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