Savers Value Village | 8-K: FY2027 Q1 Revenue Misses Estimate at USD 403.2 M

Revenue: As of FY2027 Q1, the actual value is USD 403.2 M, missing the estimate of USD 424.39 M.

EPS: As of FY2027 Q1, the actual value is USD -0.03, missing the estimate of USD 0.025.

EBIT: As of FY2027 Q1, the actual value is USD 25.12 M.

Financial Highlights (Thirteen Weeks Ended April 4, 2026 vs. March 29, 2025)

Revenue

• Total Company net sales increased by 8.9% to $403.2 million . Constant-currency net sales increased by 6.9% .
• Comparable store sales increased by 3.5% .
• U.S. net sales increased by 11.2%, and U.S. comparable store sales increased by 6.4% .
• Canada net sales increased by 6.7%, while constant-currency net sales increased by 2.0% . Canada comparable store sales decreased by 0.6% .
• U.S. Retail net sales were $234,280 thousand, up from $210,765 thousand in the prior year .
• Canada Retail net sales were $137,193 thousand, up from $128,635 thousand in the prior year .
• Other segment net sales were $31,722 thousand, up from $30,745 thousand in the prior year .

Profitability

• Net loss was -$5,263 thousand, compared to -$4,723 thousand in the prior year, maintaining a net loss margin of -1.3% .
• Adjusted net income was $2,499 thousand, down from $3,615 thousand in the prior year .
• Adjusted net income per diluted share was $0.02 for both periods .
• Adjusted EBITDA increased to $44,453 thousand from $42,782 thousand in the prior year . Adjusted EBITDA margin was 11.0%, compared to 11.6% in the prior year .
• Operating income was $12,453 thousand (3.1% of sales), up from $10,403 thousand (2.8% of sales) in the prior year .
• U.S. Retail segment profit was $42,744 thousand, an increase of 9.6% from $38,998 thousand .
• Canada Retail segment profit was $31,253 thousand, an increase of 23.5% from $25,316 thousand .
• Other segment profit was $5,845 thousand, a decrease of -32.7% from $8,690 thousand .

Operating Expenses

• Cost of merchandise sold was $183,149 thousand (45.4% of sales), compared to $168,503 thousand (45.5% of sales) in the prior year .
• Salaries, wages and benefits were $86,385 thousand (21.4% of sales), compared to $84,802 thousand (22.9% of sales) in the prior year .
• Selling, general and administrative expenses were $98,453 thousand (24.4% of sales), compared to $87,079 thousand (23.6% of sales) in the prior year .
• Depreciation and amortization were $22,755 thousand (5.7% of sales), compared to $19,358 thousand (5.2% of sales) in the prior year .
• Total operating expenses were $390,742 thousand (96.9% of sales), compared to $359,742 thousand (97.2% of sales) in the prior year .

Other Expenses

• Interest expense, net was $12,669 thousand, down from $14,814 thousand .
• Loss on foreign currency, net was $5,971 thousand, compared to a gain of -$1,631 thousand in the prior year .
• Loss on extinguishment of debt was $0, compared to $2,718 thousand in the prior year .

Cash Flow

• Net cash provided by operating activities was $18,198 thousand, a significant increase from $419 thousand in the prior year .
• Net cash used in investing activities was -$28,297 thousand, compared to -$19,400 thousand in the prior year .
• Purchases of property and equipment amounted to -$28,058 thousand, up from -$20,583 thousand .
• Net cash used in financing activities was -$14,284 thousand, significantly lower than -$58,493 thousand in the prior year .
• Cash and cash equivalents at the end of the period were $61,609 thousand, down from $73,019 thousand in the prior year .

Operational Metrics

• Savers Value Village, Inc. opened 3 new stores, bringing the total store count to 370 at the end of the first quarter .
• 1.2 million shares were repurchased during the quarter at a weighted average price of $8.51 per share .
• Pounds processed increased to 266 million lbs from 262 million lbs in the prior year .
• On-site donations and GreenDrop as a percentage of total pounds processed increased to 75.9% from 74.0% .
• Sales yield was $1.47 per pound processed, up from $1.38 .

Fiscal 2026 Outlook

• Savers Value Village, Inc. re-affirmed its fiscal 2026 outlook, projecting net sales between $1.76 billion and $1.79 billion . Comparable store sales growth over fiscal 2025 is expected to be between 2.5% and 4.0%, with Adjusted EBITDA projected to be between $260 million and $275 million . The company anticipates net income of $66 million to $78 million, or $0.41 to $0.48 per diluted share, and approximately 25 new store openings .