earnings
confidence high
sentiment negative
materiality 0.70
Savers Value Village Q2 net sales +2.0% but Canada weak; cuts FY2024 outlook
Savers Value Village, Inc.
2024-Q2 EPS reported
$0.06
revenue$740,835,000
- Net sales $386.7M (+2.0% reported, +2.8% constant currency); U.S. comparable store sales +2.1%, Canada -3.1%.
- Net income $9.7M ($0.06 diluted EPS); adjusted net income $23.7M ($0.14 adjusted EPS).
- Adjusted EBITDA $80.0M, margin 20.7%; foreign currency hurt by $0.8M.
- Canadian business softened; company updates FY2024 outlook lower due to weak transactions there.
- Opened 4 stores, acquired 7 from 2 Peaches, ending with 337 stores; repurchased 288k shares at $11.51.