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Dec 28, 2024
Savers Q4 2024 Earnings Report
Savers Value Village, Inc. reported a 5.0% increase in net sales for the fourth quarter of 2024, reaching $402.0 million, with U.S. sales up 10.5%.
Key Takeaways
Savers Value Village, Inc. announced strong fourth-quarter financial results for 2024, with net sales increasing by 5.0% to $402.0 million, driven by a significant 10.5% growth in U.S. sales. The company also saw a 1.6% increase in comparable store sales and reported a net loss of $1.9 million, alongside an Adjusted net income of $15.9 million.
Net sales increased by 5.0% to $402.0 million, with U.S. sales growing by 10.5% and Canada decreasing by 2.7%.
Comparable store sales increased by 1.6%, with U.S. comparable store sales up 4.7% and Canada down 2.5%.
The company opened 9 new stores in the fourth quarter, bringing the total to 351 stores.
Net loss was $1.9 million, while Adjusted net income reached $15.9 million, with a net loss margin of 0.5%.
Revenue by Geographic Location
Forward Guidance
For fiscal 2025, Savers Value Village, Inc. expects net sales between $1.61 billion and $1.65 billion, with comparable store sales growth of 0.5% to 2.5%. The company anticipates opening 25 to 30 new stores.
Positive Outlook
- Anticipated net sales of $1.61 billion to $1.65 billion for fiscal 2025.
- Expected comparable store sales growth of 0.5% to 2.5% over fiscal 2024.
- Plans to open 25 to 30 new stores in fiscal 2025, indicating continued expansion.
- Projected Adjusted net income between $62 million and $77 million for fiscal 2025.
- Expected Adjusted EBITDA between $245 million and $265 million for fiscal 2025.
Challenges Ahead
- Net income is projected to be between $36 million and $52 million, which is lower than the Adjusted net income forecast.
- The outlook assumes a Canadian dollar to U.S. dollar exchange rate of 0.70, which could be a risk if the CAD weakens further.
- Comparable store sales growth range includes a lower end of 0.5%, indicating potential for minimal growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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