Welcome to our dedicated page for Savers Value Village news (Ticker: SVV), a resource for investors and traders seeking the latest updates and insights on Savers Value Village stock.
Savers Value Village, Inc. (SVV) operates a unique for-profit thrift retail model, partnering with nonprofits and communities to offer affordable secondhand goods across North America. This page provides official updates on corporate developments, strategic initiatives, and industry leadership in sustainable retail practices.
Investors and stakeholders will find timely press releases detailing earnings results, partnership expansions, and operational milestones. Our curated news collection covers SVV's community programs, inventory sourcing innovations, and market positioning within the resale sector.
Key updates include announcements regarding:
- Quarterly financial performance
- New nonprofit collaborations
- Store network expansions
- Sustainability program launches
Bookmark this page for direct access to SVV's verified announcements, or check back regularly for the latest insights into thrift retail trends and corporate developments.
Savers Value Village (SVV), the largest for-profit thrift operator in the United States and Canada, has scheduled the release of its first quarter fiscal year 2025 financial results for Thursday, May 1, 2025, after market close.
The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results. Investors and analysts can participate by dialing +1 800 549 8228 (international: +1 289 819 1520) with Conference ID 40748. A live webcast will be available on the company's investor relations website, with replay access until May 1, 2026.
Savers Value Village (NYSE: SVV) reported Q4 2024 financial results with net sales increasing 5.0% to $402.0 million, driven by 10.5% growth in the U.S., while Canada decreased 2.7%. Comparable store sales rose 1.6%, with U.S. up 4.7% and Canada down 2.5%.
The company opened 9 new stores in Q4, ending with 351 locations. For fiscal 2024, SVV opened 29 total stores, including 22 organic openings and 7 from Peaches acquisition. Q4 resulted in a net loss of $1.9 million and Adjusted net income of $15.9 million, with Adjusted EBITDA at $73.8 million (18.4% margin).
During Q4, SVV repurchased 1.1 million shares at average $9.67 per share, with $18.1 million remaining in the buyback program. The company redeemed $44.5 million of Senior Secured Notes on February 6, 2025. Total active loyalty members grew 11.3% to 5.9 million.
Savers Value Village (SVV), the largest for-profit thrift operator in the United States and Canada, has announced it will release its fourth quarter and fiscal year 2024 financial results on February 20, 2025 after market close. The company will host a conference call at 4:30 p.m. ET the same day to discuss the results.
Investors and analysts can participate by dialing +1 800 549 8228 (international: +1 289 819 1520) with Conference ID 54530. A live webcast will be available on the company's investor relations website, and a replay will be accessible until March 6, 2025.
Savers Value Village (NYSE: SVV) reported preliminary Q4 and fiscal 2024 results, showing mixed performance across regions. Q4 net sales increased 5.0% to $402.0 million, with constant currency net sales up 6.0%. U.S. operations showed strong growth with a 10.5% increase and 4.7% comparable store sales growth, while Canada experienced a slight decline of 0.2% and -2.5% in comparable sales.
For fiscal 2024, net sales grew 2.5% to $1.54 billion, with constant currency sales up 3.1%. The U.S. segment demonstrated robust growth of 6.7%, contrasting with Canada's -1.6% decline. The company reaffirmed its fiscal 2024 Adjusted EBITDA outlook of $290-300 million and announced plans to open 25-30 new stores in 2025.
Savers Value Village reported a 0.5% increase in net sales for Q3 2024, reaching $394.8 million. In constant currency, net sales rose by 1.2%. The U.S. market saw a 6.2% increase, while Canada declined by 7.1%. Comparable store sales dropped by 2.4%, with U.S. up 1.6% and Canada down 7.5%. The company opened nine new stores, totaling 344 stores. Net income was $21.7 million, or $0.13 per diluted share, and Adjusted EBITDA was $82.0 million with a 20.8% margin. The loyalty program grew by 11.5% to 5.8 million members. The company repurchased approximately 1.8 million shares at $9.86 each. Updated fiscal 2024 outlook projects 29 new stores, total net sales of $1.53-$1.54 billion, and net income of $44-$49 million.
Savers Value Village announced it will release its third quarter fiscal 2024 financial results on November 7, 2024 after market close. The company will host a conference call at 4:30 p.m. ET to discuss the results. Investors and analysts can participate by dialing +1 800 549 8228 (international: +1 289 819 1520) with Conference ID 92214. A live webcast will be available on the company's investor relations website, and a replay will be accessible until November 21, 2024.
Savers Value Village, Inc. (NYSE: SVV) has been recognized as 'Highly Commended' in the SDG Pioneer Award category at the Reuters Sustainability Awards 2024. This prestigious honor acknowledges the company's significant contributions to sustainable business practices and positive impact on society and the environment.
For over 70 years, Savers Value Village has promoted secondhand shopping as a sustainable choice, focusing on a triple bottom line approach—people, planet, and profit. In the last five years, the company has repurposed over 3.2 billion pounds of reusable items, diverting them from landfills and generating revenue for non-profit partners.
CEO Mark Walsh emphasized the company's mission to champion reuse and inspire a future where secondhand is second nature. As the secondhand market grows, Savers Value Village aims to lead the thrift experience, demonstrating that sustainability is beneficial for both the planet and business.
Value Village®, Canada's largest for-profit thrift operator, has released its 2024 Thrift Report, revealing a significant shift in consumer behavior towards secondhand shopping. The survey shows that 90% of Canadian consumers have engaged with thrift stores, up from 83% in 2022. Notably, more than 40% of Gen Z are thrifters, indicating a growing trend among younger generations.
Key findings include:
- In-person thrift experiences dominate, with shoppers spending 6.8 times more at brick-and-mortar stores than online.
- Over 30% of consumers say secondhand clothing comprises more than a quarter of their wardrobe.
- Thrifting extends beyond apparel, with 80% of consumers buying non-apparel items secondhand.
Drivers behind thrifting's popularity include the desire for unique style, treasure hunting, and social experiences. Value Village® has found reuse for over 3.2 billion pounds of items in the last five years, generating $580 million for non-profit partners.
Savers Value Village, Inc. (NYSE: SVV), North America's largest for-profit thrift operator, has released its 2024 Thrift Report. The survey reveals growing popularity of secondhand shopping across demographics. Key findings include:
- Nearly 90% of North American consumers have engaged with thrift stores
- In-person thrift experiences dominate, with 77¢ of every dollar spent in-store
- Gen Z leads the trend, with 60% thrifting monthly
- Thrifting extends beyond apparel to books, furniture, and electronics
Drivers of thrift's popularity include:
- Desire for unique style
- Enjoyment of treasure hunting
- Social aspect of thrifting
Savers Value Village has repurposed over 3.2 billion pounds of reusable items in the last five years, generating $580 million for non-profit partners.
Savers Value Village, Inc. (NYSE: SVV) has been awarded two Gold Stevie® Awards for Achievement in Corporate Social Responsibility (CSR) and Achievement in Environment, Social, and Governance (ESG), as well as a Bronze Stevie® Award for Sustainability Leadership in the 21st Annual International Business Awards®. The company's unique 'triple bottom line' business model, which benefits local communities, the planet, and shareholders, was recognized among over 3,600 nominations from 62 nations.
SVV's commitment to reuse and sustainability is evident in its impressive track record: over the past five years, the company has found new homes for 3.2 billion pounds of reusable goods and paid more than $530 million to its non-profit partners. As the largest for-profit thrift operator in the U.S. and Canada, SVV aims to mitigate the environmental impact of the textile industry by promoting secondhand shopping.
