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Dec 30, 2023
Savers Q4 2023 Earnings Report
Savers Value Village reported Q4 2023 financial results, showing increased net sales and comparable store sales.
Key Takeaways
Savers Value Village reported a 4.4% increase in net sales to $382.8 million and a 2.6% increase in comparable store sales. Net income increased 66.0% to $43.9 million, or $0.27 per diluted share. The company opened five new stores during the quarter, ending with a total of 326 stores.
Net sales increased 4.4% to $382.8 million.
Comparable store sales increased 2.6%, with the U.S. and Canada up 3.1% and 2.0%, respectively.
Sales yield increased 2.0% to $1.54 per pound.
Net income increased 66.0% to $43.9 million, or $0.27 per diluted share.
Revenue by Geographic Location
Forward Guidance
The Company expects to open approximately 22 new stores, with total net sales of approximately $1.57 to $1.59 billion and comparable store sales growth of approximately 2% to 3%.
Positive Outlook
- Opening of approximately 22 new stores
- Total net sales of approximately $1.57 to $1.59 billion
- Comparable store sales growth of approximately 2% to 3%
- Net income of approximately $78 million
- Adjusted net income of approximately $123 million
Challenges Ahead
- Capital expenditures in the range of $105 to $115 million
- Uncertainty in the general economic conditions
- Potential impact on supply and demand caused by changes in consumer confidence and spending
- Risk related to attracting new, and retaining existing customers
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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