STOCK TITAN
  1. Home
  2. News
  3. SVV

Savers Value Village, Inc. - SVV STOCK NEWS

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. (symbol: SVV) is a prominent for-profit thrift store operator in the United States and Canada, renowned for its innovative approach to second-hand retail. The company excels in purchasing a wide range of second-hand items including clothing, bedding, bath items, shoes, accessories, housewares, books, and other goods from its non-profit partners (NPPs). These items are either acquired directly from NPPs or through on-site donations (OSDs) collected at Community Donation Centers located within its stores.

Savers Value Village meticulously processes, selects, prices, merchandises, and sells these items across its extensive network of stores. This business model not only promotes recycling and sustainability but also provides affordable shopping options for a broad customer base.

The company stands out for its strong partnerships with non-profit organizations, which play a critical role in its supply chain. By collaborating with over 100 NPPs, Savers Value Village contributes to community support and environmental sustainability. The company’s operations help divert millions of pounds of goods from landfills annually, underscoring its commitment to environmental responsibility.

Recent achievements include expanding its store footprint, enhancing its digital presence for better customer engagement, and implementing advanced pricing algorithms to optimize sales and inventory management. Savers Value Village continues to explore innovative strategies to improve its operational efficiency and customer experience.

With a strong financial foundation, Savers Value Village is well-positioned for continued growth. The company’s revenue streams are bolstered by its robust retail operations and strategic partnerships with NPPs. As it looks to the future, Savers Value Village remains focused on sustainable growth, community engagement, and expanding its market presence.

News

Savers® Value Village® First Quarter Fiscal 2024 Financial Results To Be Released Thursday, May 9, 2024

Rhea-AI Summary
Savers Value Village, Inc. plans to release its first quarter fiscal 2024 financial results on May 9, 2024, followed by a conference call to discuss the results. Investors can join the call or access a webcast for more information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
earnings
-
News

Savers Value Village, Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Rhea-AI Summary
Savers Value Village, Inc. (SVV) reported a 4.4% increase in quarterly net sales, reaching $382.8 million, with a 2.6% rise in comparable store sales. The company opened five new stores, ending the quarter with 326 stores. Net income surged by 66.0% to $43.9 million, and Adjusted EBITDA rose by 5.0% to $83.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.48%
Tags
earnings
-
News

Savers® Value Village® Fourth Quarter and Fiscal Year 2023 Financial Results To Be Released Thursday, March 7, 2024

Rhea-AI Summary
Savers Value Village, Inc. announces the release of its fourth-quarter and fiscal year 2023 financial results on March 7, 2024, followed by a conference call to discuss the outcomes. Investors and analysts can participate in the call by dialing in or accessing the webcast on the Company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
earnings
News

Savers Value Village, Inc. Announces Preliminary Fourth Quarter and Full Year Net Sales and Participation in the ICR Conference

Rhea-AI Summary
Savers Value Village, (SVV) remains comfortable with previously provided adjusted EBITDA guidance after announcing preliminary net sales for the fourth quarter of 2023 and fiscal 2023. Net sales for the fourth quarter of 2023 are approximately $382.8 million, representing a 4.4% growth compared to the prior year period. Comparable store sales for the fourth quarter are expected to increase approximately 2.6%. Net sales for fiscal 2023 are approximately $1.50 billion, representing growth of approximately 4.4%. Comparable store sales for fiscal 2023 are expected to increase approximately 4.7%. The company remains confident in its ability to ramp new store growth to the target of 22 in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
none
-
News

Savers Value Village, Inc. Reports Third Quarter Financial Results

Rhea-AI Summary
Savers Value Village, Inc. (NYSE: SVV) announced a 3.8% increase in net sales to $392.7 million and a $50 million share repurchase program. Comparable store sales rose 3.7%, with a 5.6% increase in sales yield to $1.50 per pound. Adjusted EBITDA increased 6.3% to $91.0 million. The company also provided an update on its fiscal 2023 outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.89%
Tags
earnings
-
News

Savers Value Village™ Third Quarter Fiscal 2023 Financial Results To Be Released Thursday, November 9, 2023

Rhea-AI Summary
Savers Value Village, Inc. plans to report its Q3 fiscal 2023 financial results on November 9, 2023. A conference call will be held to discuss the results. A live webcast and recorded replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
earnings
News

Savers Value Village™ Appoints Susan O’Farrell to Board of Directors

Rhea-AI Summary
Savers Value Village appoints Susan O’Farrell as independent director and member of the Board's Audit Committee.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.73%
Tags
management
-
News

Savers Value Village, Inc. Reports Second Quarter Financial Results

Rhea-AI Summary
Savers Value Village reports a 4.0% increase in sales and a 5.5% increase in comparable store sales for the second quarter of 2023. Net income increased by 13.6% to $35.1 million. The company expects to open 12 new stores and achieve total net sales of approximately $1.51 billion for fiscal 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.03%
Tags
earnings
-
News

Savers Value Village™ Second Quarter Fiscal 2023 Financial Results To Be Released Thursday, August 10, 2023

Rhea-AI Summary
Savers Value Village, Inc. (Savers Value Village™) (SVVI) plans to report its second quarter fiscal 2023 financial results on August 10, 2023, after market close. The company will host a conference call at 4:30 p.m. ET to discuss its financial results. Investors and analysts are invited to participate in the call and can access a live webcast on the company’s website. A recorded replay of the call will also be available for a limited time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
Tags
earnings
News

Savers Value Village™ Announces Pricing of Initial Public Offering

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
IPO offering

FAQ

What is the current stock price of Savers Value Village (SVV)?

The current stock price of Savers Value Village (SVV) is $9.13 as of November 22, 2024.

What is the market cap of Savers Value Village (SVV)?

The market cap of Savers Value Village (SVV) is approximately 1.4B.

What does Savers Value Village, Inc. do?

Savers Value Village, Inc. operates for-profit thrift stores in the US and Canada, selling second-hand items sourced from non-profit partners.

How does Savers Value Village, Inc. acquire its merchandise?

The company purchases items directly from non-profit partners and collects on-site donations at Community Donation Centers in its stores.

What types of items does Savers Value Village, Inc. sell?

The company sells second-hand textiles, shoes, accessories, housewares, books, and other miscellaneous goods.

Who are Savers Value Village's non-profit partners (NPPs)?

Savers Value Village collaborates with over 100 non-profit organizations to source its merchandise.

What is the environmental impact of Savers Value Village, Inc.'s operations?

The company helps divert millions of pounds of goods from landfills annually, promoting recycling and environmental sustainability.

How does Savers Value Village, Inc. price its items?

The company uses advanced pricing algorithms to optimize sales and inventory management.

What are recent achievements of Savers Value Village, Inc.?

Recent achievements include expanding its store footprint, improving its digital presence, and enhancing customer engagement.

How does Savers Value Village, Inc. support communities?

The company supports communities by partnering with non-profit organizations and providing affordable shopping options.

Is Savers Value Village, Inc. financially stable?

Yes, the company has a strong financial foundation and is well-positioned for continued growth.

What are the future plans of Savers Value Village, Inc.?

The company aims for sustainable growth, increased community engagement, and expanding its market presence.

Stock SVV logo
Savers Value Village, Inc.

NYSE:SVV

SVV Rankings

#2263 Ranked by Market Cap
N/A Ranked by Dividends

SVV Stock Data

1.44B
159.82M
0.06%
105.79%
3.72%
Specialty Retail
Retail-miscellaneous Retail
Link
United States of America
BELLEVUE