NYSE$SVV

Savers Value Village Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Savers Value Village reported Q4 2023 financial results, showing increased net sales and comparable store sales.

Savers Value Village reported a 4.4% increase in net sales to $382.8 million and a 2.6% increase in comparable store sales. Net income increased 66.0% to $43.9 million, or $0.27 per diluted share. The company opened five new stores during the quarter, ending with a total of 326 stores.

  • Net sales increased 4.4% to $382.8 million.
  • Comparable store sales increased 2.6%, with the U.S. and Canada up 3.1% and 2.0%, respectively.
  • Sales yield increased 2.0% to $1.54 per pound.
  • Net income increased 66.0% to $43.9 million, or $0.27 per diluted share.

Headline financials

Total Revenue

$383M

Previous: $210M+82.1%
EPS (adj)

$0.15

Previous: $0.43-65.2%
Total Comparable Store Sales Growth

2.6%

Previous: 6.1%-57.4%
U.S. Comparable Store Sales Growth

3.1%

Previous: 4.3%-27.9%
Canada Comparable Store Sales Growth

2.0%

Previous: 7.0%-71.4%
Total Number of Stores

326

Previous: 314+3.8%
U.S. Number of Stores

155

Previous: 150+3.3%
Canada Number of Stores

159

Previous: 152+4.6%
Pounds Processed

250.0M

Previous: 234.0M+6.8%
Sales Yield

$1.54

Previous: $1.51+2.0%
Capital Expenditures

-$17.2M

Previous: $29.5M-158.1%
Net Income

$43.9M

Previous: $26.4M+66.0%
Operating Income

$36.9M

Previous: $46.2M-20.1%
Gross Profit

$116M

Previous: $210M-44.9%
Stock-Based Comp

$21.6M

Previous: $862K+2409.7%

Revenue & EPS history

Savers · Revenue · Quarterly

$383M

Q4 2023+82.1%vs Q4 2022
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Forward guidance

The Company expects to open approximately 22 new stores, with total net sales of approximately $1.57 to $1.59 billion and comparable store sales growth of approximately 2% to 3%.

Tailwinds

  • Opening of approximately 22 new stores
  • Total net sales of approximately $1.57 to $1.59 billion
  • Comparable store sales growth of approximately 2% to 3%
  • Net income of approximately $78 million
  • Adjusted net income of approximately $123 million

Headwinds

  • Capital expenditures in the range of $105 to $115 million
  • Uncertainty in the general economic conditions
  • Potential impact on supply and demand caused by changes in consumer confidence and spending
  • Risk related to attracting new, and retaining existing customers
  • Failure to open new profitable stores

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 Q4 2023

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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