Savers Value Village, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:13 pm EST
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Savers Value Village, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 392.7 million compared to USD 378.29 million a year ago. Net loss was USD 15.61 million compared to net income of USD 15.5 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to basic earnings per share from continuing operations of USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to diluted earnings per share from continuing operations of USD 0.11 a year ago.
For the nine months, sales was USD 1,117.48 million compared to USD 1,070.43 million a year ago. Net income was USD 9.24 million compared to USD 58.29 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.4 a year ago.
Savers Value Village, Inc., together with its subsidiaries, sells second-hand merchandise in retail stores located in the United States (U.S.), Canada and Australia. Its segments include U.S. Retail and Canada Retail. It provides low-priced merchandise ranging from clothing to home goods in a treasure-hunt shopping environment. It purchases secondhand textiles, shoes, accessories, housewares, books and other goods from its non-profit partners, either directly from them or via on-site donations at Community Donation Centers at its stores and through GreenDrop locations. It then processes, selects, put price, merchandise and sells these items in its stores. The items that are not sold to its retail customers are marketed to wholesale customers, who reuse or repurpose the items they purchase from the Company. It operates over 326 stores under the Savers, Value Village, Village des Valeurs, Unique and 2nd Ave. banners. It also owns a thrift store chain with seven locations in Georgia.
SAVERS VALUE VILLAGE, INC. 
