Savers Value Village, Inc. reported a notable increase in financial performance for the second quarter of fiscal 2025, with net sales reaching $417.2 million, a 7.9% rise from $386.7 million in the same period last year. The company's net income also saw significant growth, climbing to $18.9 million, or $0.12 per diluted share, compared to $9.7 million, or $0.06 per diluted share, in the prior year. The net income margin for the quarter was 4.5%, reflecting a slight increase from 2.5% in the previous year. The company attributed this growth to a combination of increased store count and a 4.6% rise in comparable store sales.
In terms of operational metrics, Savers Value Village processed 279 million pounds of secondhand goods during the quarter, up from 254 million pounds a year earlier. The company opened four new stores, bringing its total to 354 locations across the U.S., Canada, and Australia. The active membership in its Super Savers Club loyalty program grew to over 6 million, contributing to 72.6% of retail sales, up from 71.5% in the previous year. However, the company faced challenges with rising costs, as the cost of merchandise sold increased to 44.8% of net sales, up from 42.1% a year ago, primarily due to higher processing costs and the impact of new store openings.
Strategically, Savers Value Village completed the acquisition of 2 Peaches Group, LLC, a thrift store chain in Georgia, for $5.4 million, marking its entry into the southeastern U.S. market. This acquisition is expected to enhance the company's growth potential in a new geographic area. Additionally, the company repurchased approximately 2.3 million shares of its common stock as part of a secondary offering, which was funded from existing cash reserves. As of June 28, 2025, Ares Management Corporation held approximately 75.6% of the company's outstanding common stock.
Looking ahead, Savers Value Village remains cautious about the macroeconomic environment, which could impact consumer spending and demand for its products. The company is focused on maintaining its operational efficiency and expanding its store footprint while managing costs effectively. The outlook for the remainder of the fiscal year includes continued investment in store openings and processing capabilities, with an emphasis on enhancing customer engagement through its loyalty programs. The company believes that its unique business model, which emphasizes sustainability and community engagement, will continue to differentiate it in the competitive thrift retail market.
About Savers Value Village, Inc.
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