NYSE$SVV
Savers Value Village Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported a net sales increase of 2.0%, with comparable store sales decreasing slightly. Four new stores were opened and seven were acquired.
Savers Value Village reported a 2.0% increase in net sales to $386.7 million. Comparable store sales decreased by 0.1%, with U.S. sales increasing by 2.1% and Canada decreasing by 3.1%. The company opened four new stores and acquired seven, ending the quarter with 337 stores.
- Net sales increased by 2.0% to $386.7 million.
- Comparable store sales decreased by 0.1%.
- Opened four new stores and acquired seven, totaling 337 stores.
- Total active members enrolled in loyalty programs increased 11.8% to 5.7 million.
Headline financials
Revenue & EPS history
Savers · Revenue · Quarterly
$387M
Forward guidance
The Company’s updated outlook for the fifty-two weeks ending December 28, 2024 includes total net sales of approximately $1.53 billion to $1.56 billion and comparable store sales of approximately -1% to 1%.
Tailwinds
- Total of 29 new stores, consisting of 22 organic new store openings (unchanged) and 7 stores from our 2 Peaches acquisition (unchanged)
- Capital expenditures of approximately $105 million to $115 million (unchanged)
- Diluted weighted average common shares outstanding of approximately 168 million (from 171 million previously).
Headwinds
- Total net sales of approximately $1.53 billion to $1.56 billion (from $1.57 billion to $1.59 billion previously)
- Comparable store sales of approximately -1% to 1% (from 2% to 3% previously)
- Net income of approximately $42 million to $56 million (from $85 million to $92 million previously)
- Adjusted net income of approximately $82 million to $96 million (from $126 million to $133 million previously)
- Adjusted EBITDA of approximately $290 million to $310 million (from $330 million to $340 million previously)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q2 2024
-2.8%
Avg return
Earnings day
-5.0%
Avg return
5 days after
-5.5%
Avg return
30 days after
44%
7 / 16 earnings
Positive
+17.7%
Q1 2025
Best reaction
-21.7%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.5% | -13.3% | +5.1% | |
| Q4 2025 | +2.5% | -8.3% | -23.6% | |
| Q3 2025 | +4.1% | +4.4% | +13.4% | |
| Q1 2025 | +17.7% | +18.8% | +5.4% | |
| Q4 2024 | -19.4% | -28.6% | -37.7% | |
| Q3 2024 | -6.1% | -10.2% | -11.2% | |
| Q2 2024 | -9.3% | -7.2% | -6.9% | |
| Q1 2023 | -21.7% | -22.1% | -23.4% | |
| Q1 2024 | -15.9% | -12.6% | -19.1% | |
| Q1 2022 | -6.0% | -8.5% | -12.5% | |
| Q4 2023 | -5.5% | -4.2% | -10.6% | |
| Q3 2022 | +7.2% | +2.6% | +37.5% | |
| Q3 2023 | -19.2% | -13.3% | +4.7% | |
| Q2 2022 | +8.9% | +7.4% | -3.1% | |
| Q4 2022 | +8.9% | +7.4% | -3.1% | |
| Q2 2023 | +10.2% | +7.4% | -2.1% | |
| Q4 2021 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q1 2019 | — | — | — |
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