Overview

* Savers Value Village ( SVV ) Q3 net sales rose 8.1% but just missed analyst expectations

* Company reported a Q3 net loss due to $32.6 mln debt extinguishment loss

* Company authorizes new $50 mln share repurchase program

Outlook

* Company updates fiscal 2025 net sales outlook to $1.67 bln-$1.68 bln

* Company lowers fiscal 2025 net income forecast to $17 mln-$21 mln

* Company expects fiscal 2025 comparable store sales growth of 4.0%-4.5%

Result Drivers

* U.S. SALES GROWTH - U.S. net sales increased 10.5% with comparable store sales up 7.1%, contributing significantly to overall revenue growth

* STORE EXPANSION - Co opened 10 new stores, ending the qtr with 364 stores, supporting sales growth

* DEBT REFINANCING - Co completed debt refinancing, expected to reduce interest expense by $17 mln annually

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales *Slight $426.93 $427.55

Miss mln mln (10

Analysts

)

Q3 EPS -$0.09

Q3 Net -$14 mln

Income

Q3 Basic -$0.09

EPS

Q3 $390.59

Operatin mln

g

Expenses

Q3 $36.34

Operatin mln

g Income

Q3 -$17.32

Pretax mln

Profit

*Applies to a deviation of less than 1%; not applicable for per-share numbers

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

* Wall Street's median 12-month price target for Savers Value Village Inc ( SVV ) is $14.00, about 5.1% above its October 29 closing price of $13.28

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)