Savers Value Village Q1 net loss $0.5M; adj. net income up 32%; acquires 7-store Georgia chain; names new CFO

Savers Value Village, Inc.

2024-Q1 EPS reported $0.00 revenue$354,172,000

Net sales $354.2M (+2.5%); comp store sales +0.3% (US +2.3%, Canada -2.6%).
Net loss $0.5M ($0.00/sh); adjusted net income $13.9M (+32.3%), adj. EPS $0.08.
Acquired a 7-store thrift chain in Georgia, entering U.S. Southeast; now targeting 29 net new stores in 2024.
Michael Maher appointed CFO effective May 13, replacing Jay Stasz (advisory role through Aug 12); ex-Nordstrom interim CFO.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jay Stasz

Chief Financial Officer and Treasurer

SVV · Savers Value Village, Inc.

Effective: 2024-05-13
Successor: Michael Maher
Filed: May 9, 2024, 7:59 PM ET

Mr. Maher will replace Jay Stasz, the Company’s current Chief Financial Officer and Treasurer.

Appointed

Michael Maher

Chief Financial Officer and Treasurer

SVV · Savers Value Village, Inc.

Effective: 2024-05-13
Filed: May 9, 2024, 7:59 PM ET

On May 06, 2024, the Board of Directors (the “Board”) of the Company appointed Michael Maher as the Company’s Chief Financial Officer and Treasurer, effective May 13, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Savers Value Village, Inc. reported thirteen weeks ended March 30, 2024 results: revenue $354.2 million, net income $0.00 per diluted share, EPS $0.00 per diluted share.

Period: thirteen weeks ended March 30, 2024
Revenue: $354.2 million
Net income: $0.00 per diluted share
EPS: $0.00 per diluted share
Result: reported results

Exact text from the filing

the thirteen weeks ended March 30, 2024 (the “first quarter”). Highlights for the First Quarter, Compared to the thirteen weeks ended April 1, 2023 • Net sales increased 2.5% to $354.2 million. • Comparable store sales increased 0.3%, with the United States (“U.S.”) up 2.3% and Canada down 2.6%. • Sales yield 2 increased 1.4% to $1.41 per pound. • The Company ended the

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay Stasz departed as Chief Financial Officer and Treasurer at Savers Value Village, Inc..

Action: departing
Role: Chief Financial Officer and Treasurer

Exact text from the filing

Mr. Maher will replace Jay Stasz, the Company’s current Chief Financial Officer and Treasurer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Maher was appointed as Chief Financial Officer and Treasurer at Savers Value Village, Inc..

Action: appointed
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On May 06, 2024, the Board of Directors (the “Board”) of the Company appointed Michael Maher as the Company’s Chief Financial Officer and Treasurer, effective May 13, 2024.

View on SEC.gov

1050 earnings releases filed in the last 30 days. Browse all earnings releases →

Savers Value Village, Inc. filing history →

Source: SEC EDGAR

accession 0001883313-24-000020

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