Savers Value Village, Inc. reported a 4.5% increase in total net sales to $370.1 million in the first quarter of fiscal year 2025, driven by a 9.4% increase in U.S. retail sales and a 2.2% increase in Canada retail constant-currency sales. The company's net loss for the quarter was $4.7 million, or $0.03 per diluted share.
Total net sales increased by 4.5% to $370.1 million in the first quarter.
Comparable store sales increased by 2.8%, with U.S. comparable store sales up 4.2% and Canada comparable store sales up 0.6%.
The company reported a net loss of $4.7 million, or $0.03 per diluted share.
Adjusted net income was $3.6 million, or $0.02 per diluted share.
Savers Value Village, Inc. reaffirmed its fiscal 2025 outlook, expecting net sales between $1.61 billion and $1.65 billion and comparable store sales growth between 0.5% and 2.5%. The company anticipates opening 25 to 30 new stores.