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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%.
Savers
Savers
Savers Revenue by Geographic Location
Revenue by Geographic Location
U.S. Retail Revenue
CapyFin.comCanada Retail Revenue
CapyFin.comOther Revenue
CapyFin.com 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.
- Capital expenditures are projected to be between $125 million and $150 million, representing a significant investment.
- The company's outlook is subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict.