Savers Value Village, Inc. Provides Earnings Guidance for the Fiscal Year Ending December 28, 2024
March 08, 2024 at 02:35 am IST
Share
Savers Value Village, Inc. provided earnings guidance for the fiscal year ending December 28, 2024. For the period, the company expects total net sales of approximately $1570 million to $1590 million; Comparable store sales growth of approximately 2% to 3%; Net income of approximately $78 million.
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. 
