Overview

* Savers Value Village ( SVV ) Q2 net sales rise 7.9%, beating analyst expectations

* Company raises fiscal 2025 outlook, reflecting confidence in business momentum

* Savers repurchased shares under existing program and secondary offering

Outlook

* Company raises fiscal 2025 net sales outlook to $1.67 bln-$1.69 bln

* Savers Value Village ( SVV ) expects fiscal 2025 net income $47 mln-$58 mln, or $0.29 to $0.36 per share

* Company projects fiscal 2025 adjusted EBITDA $252 mln-$267 mln

* Savers Value Village ( SVV ) anticipates comparable store sales growth of 3.0%-4.5%

Result Drivers

* U.S. SALES GROWTH - Net sales in the U.S. increased by 10.5%, with comparable store sales rising 6.2%, driven by strong value and product assortment, according to CEO Mark Walsh

* CANADIAN PERFORMANCE - Canadian net sales grew by 3.4%, with a 2.6% increase in comparable store sales, despite macroeconomic pressures

* STORE EXPANSION - Company opened 4 new stores, contributing to a total of 354 stores by the end of the qtr

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $417.21 $407.70

mln mln (9

Analysts

)

Q2 EPS $0.12

Q2 Net $18.92

Income mln

Q2 Basic $0.12

EPS

Q2 $383.19

Operatin mln

g

Expenses

Q2 $34.02

Operatin mln

g Income

Q2 $26.61

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $13.00, about 24.5% above its July 30 closing price of $9.82

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(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.)