Savers Value Village revises non-GAAP definitions; FY2024 Adj. EBITDA outlook recast to $267-277M

Savers Value Village, Inc.

New Adj. EBITDA includes occupancy costs, pre-opening and store closing expenses; prior definition excluded these.
Comparable store sales now defined as stores open 14+ months (vs. start of 3rd fiscal year).
Tax effect on adjusted net income adjustments will use rate specific to each adjustment, not overall effective rate.
Company reaffirms FY2024 Adj. EBITDA outlook at $290-300M under old definition; recast under new definition is $267-277M.
Changes effective fiscal 2025 (53 weeks ending Jan 3, 2026); prior periods will be recast for comparability.

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