Savers Value Village Reports $4.7 Million Net Loss Despite 4.5% Increase in Net Sales

Savers Value Village, Inc. reported a net loss of $4.7 million for the thirteen weeks ended March 29, 2025, translating to a loss of $0.03 per diluted share. This marks a significant decline from the previous year, where the company recorded a net loss of $467,000. Total net sales increased by 4.5% to $370.1 million, driven by a 9.4% rise in U.S. retail sales, although Canadian sales decreased by 4.1% due to unfavorable foreign currency exchange rates. The company's operating income also fell to $10.4 million from $16.3 million in the same period last year, reflecting increased operating expenses, which rose to $359.7 million from $337.9 million.

The company experienced notable changes in its operational metrics, with total active members in its loyalty programs increasing to approximately 6.0 million, up from 5.5 million a year earlier. This growth in customer engagement is reflected in the 72.6% of retail sales driven by active members during the twelve months ended March 29, 2025. The company processed 262 million pounds of secondhand goods during the quarter, an increase from 238 million pounds in the prior year, indicating a robust supply chain and operational capacity.

Strategically, Savers Value Village completed the acquisition of 2 Peaches Group, LLC for $5.4 million, marking its entry into the Georgia market with seven new thrift store locations. This acquisition is part of the company's broader strategy to expand its footprint in the southeastern United States. The company also repurchased 1.4 million shares under its $50 million share repurchase program, spending $11.8 million in the process, which reflects its commitment to returning value to shareholders.

Looking ahead, Savers Value Village anticipates continued challenges from macroeconomic conditions, including fluctuating consumer confidence and spending patterns. The company is focused on enhancing its operational efficiencies and expanding its store base while managing costs effectively. The management remains optimistic about leveraging its strong customer loyalty and expanding its market presence, particularly in the U.S. and Canada, despite the ongoing pressures from foreign currency exchange rates and competitive retail environments.