Savers Value Village, Inc. reported its financial results for the third quarter of fiscal 2025, revealing a net loss of $14.0 million, or $0.09 per diluted share, compared to a net income of $21.7 million, or $0.13 per diluted share, in the same period last year. The company’s total net sales increased by 8.1% to $426.9 million, driven by a 5.8% rise in comparable store sales and the opening of 10 new stores, bringing the total to 364 locations. The increase in sales was particularly notable in the U.S. market, where net sales rose by 10.5%, while Canada saw a more modest increase of 5.1%.
Operating expenses for the quarter rose to $390.6 million, up from $346.2 million in the prior year, primarily due to higher costs associated with merchandise sold, salaries, and selling, general, and administrative expenses. The cost of merchandise sold as a percentage of net sales increased to 44.1%, reflecting the impact of new store openings and higher processing costs. The company also recorded a significant loss on extinguishment of debt amounting to $32.6 million, which contributed to the overall net loss for the quarter.
In terms of operational metrics, Savers Value Village processed 282 million pounds of secondhand goods during the quarter, an increase from 261 million pounds in the same period last year. The company’s Super Savers Club loyalty program saw growth, with approximately 6.1 million active members, up from 5.8 million a year earlier. Active members accounted for 72.5% of retail sales, indicating strong customer engagement.
Looking ahead, Savers Value Village is focused on expanding its footprint and enhancing its operational capabilities. The company has entered into new Senior Secured Credit Facilities, which include a $750 million term loan and a $180 million revolving credit facility, aimed at refinancing existing debt and supporting future growth initiatives. Despite the challenges posed by macroeconomic conditions and foreign currency fluctuations, the company remains committed to its strategy of sourcing quality secondhand merchandise and enhancing its market presence in the U.S. and Canada.
About Savers Value Village, Inc.
Savers Value Village, Inc. is the largest for-profit thrift operator in the U.S. and Canada, offering a wide range of secondhand clothing, home goods, and accessories through a network of retail stores. The company sources items primarily via donations from non-profit partners, processes goods at centralized facilities, and sells to retail and wholesale customers globally. Its value-driven, treasure-hunt shopping experience emphasizes sustainability and community impact.
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