NYSE$SVV
Savers Value Village Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported third quarter financial results with net sales increasing slightly and new stores opened, while narrowing the full-year outlook.
Savers Value Village reported a slight increase in net sales, driven by U.S. performance, while Canada faced macroeconomic challenges. The company opened nine new stores and is on track for 29 new stores in 2024. The full-year outlook was narrowed.
- Net sales increased 0.5% to $394.8 million, or 1.2% in constant currency.
- Comparable store sales decreased 2.4%, with U.S. increasing 1.6% and Canada decreasing 7.5%.
- Opened nine new stores, ending the quarter with 344 stores.
- Net income was $21.7 million, or $0.13 per diluted share.
Headline financials
Revenue & EPS history
Savers · Revenue · Quarterly
$395M
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 $1.54 billion, comparable store sales of approximately -1% to 0%, and net income of approximately $44 million to $49 million.
Tailwinds
- Total of 29 new stores, consisting of 22 organic new store openings and 7 stores from 2 Peaches acquisition.
- Capital expenditures of approximately $105 million to $115 million (unchanged)
- Diluted weighted average common shares outstanding of approximately 167 million
Headwinds
- Total net sales of approximately $1.53 billion to $1.54 billion (from $1.53 billion to $1.56 billion previously).
- Comparable store sales of approximately -1% to 0% (from -1% to 1% previously).
- Net income of approximately $44 million to $49 million (from $42 million to $56 million previously).
- Adjusted net income of approximately $81 million to $86 million (from $82 million to $96 million previously).
- Adjusted EBITDA of approximately $290 million to $300 million (from $290 million to $310 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 Q3 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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