secwatch.observer — SEC 8-K summary
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Issuer:     Savers Value Village, Inc. (SVV)
CIK:        0001883313
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001883313-24-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Savers Value Village Q2 net sales +2.0% but Canada weak; cuts FY2024 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883313/000188331324000032/0001883313-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883313/000188331324000032/svv-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001883313-24-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer