SVV · Savers Value Village, Inc.

Savers Value Village delivered first quarter results with total net sales of $403.2 million, up 8.9% year-over-year, driven primarily by 11.2% U.S. net sales growth and 6.4% comparable store sales increase, partially offset by softer Canadian performance where comp sales declined 0.6% due to an earlier Easter impacting results by 0.7%. Constant-currency net sales rose 6.9%, highlighting underlying demand resilience. Despite a GAAP net loss of $5.3 million, Adjusted EBITDA expanded to $44.5 million at an 11.0% margin, marking year-over-year growth for the second straight quarter and signaling an inflection in profitability as noted by CFO Michael Maher. U.S. strength reflects robust consumer demand for the value proposition, while new stores continue performing in line with expectations, with 60 opened over the last three years now maturing into strong returns. The company expanded to 370 stores by adding three in the U.S., maintaining a footprint of 182 U.S., 170 Canada, and 18 Australia locations. Capital allocation included repurchasing 1.2 million shares at $8.51 average, with $31.2 million remaining authorized. CEO Mark Walsh emphasized progress on strategic priorities, including technology initiatives for data-driven execution. Management reaffirmed fiscal 2026 outlook unchanged, projecting net sales of $1.76-$1.79 billion, comp sales growth of 2.5-4.0% over fiscal 2025 (adjusted for 53rd week shift), and Adjusted EBITDA of $260-$275 million, underpinned by 25 new store openings and CAD/USD exchange rate assumption of 0.72.