NYSE$SVV
Savers Value Village Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Savers Value Village, Inc. reported strong Q3 2023 results with sales increase and comparable store sales growth.
Savers Value Village, Inc. announced a 3.8% increase in net sales to $392.7 million in the third quarter, with a 3.7% growth in comparable store sales. Adjusted EBITDA increased by 6.3% to $91.0 million. The company also authorized a $50 million share repurchase program.
- Net sales increased by 3.8% to $392.7 million.
- Comparable store sales grew by 3.7%, with the U.S. and Canada up 3.3% and 4.3%, respectively.
- Sales yield increased by 5.6% to $1.50 per pound.
- Adjusted EBITDA increased 6.3% to $91.0 million, with a margin increase of 60 basis points to 23.2%.
Headline financials
Revenue & EPS history
Savers · Revenue · Quarterly
$393M
Forward guidance
The Company is updating certain components of its annual guidance for the fifty-two weeks ended December 30, 2023.
Tailwinds
- The opening of approximately 12 new stores (unchanged).
- Comparable store sales growth of 0% to 1.0% for the fourth quarter, resulting in a fiscal 2023 increase of approximately 4.0%.
- Net income of approximately $24 million.
- Adjusted net income of approximately $99 million
- Adjusted EBITDA of approximately $320 million
Headwinds
- Total net sales of approximately $1.49 billion (from $1.51 billion).
- Comparable store sales growth of 0% to 1.0% for the fourth quarter (no previous guidance), resulting in a fiscal 2023 increase of approximately 4.0% (from 5.0%).
- Since providing our prior outlook, our estimated average exchange rate for the fourth quarter has decreased to $0.725 from $0.75 for the Canadian dollar, negatively impacting the Company’s fourth quarter sales and adjusted EBITDA estimates by approximately $6 million and $1 million, respectively.
- Capital expenditures in the range of $100 to $105 million (unchanged).
- GAAP-based diluted weighted average common shares outstanding of approximately 157 million (from 160 million).
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 Q3 2023
-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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