Highlights

  • Net sales for the thirteen weeks ended July 4, 2026 were $448.2 million, up 7.4%, with comparable store sales up 4.4%.
  • Net income was $21.6 million, or $0.14 per diluted share, and Adjusted EBITDA was $74.5 million at a 16.6% margin.
  • The company opened 6 stores in the quarter, ending with 375 stores, and repurchased 1.2 million shares at a weighted average $8.10.
  • Management now expects full-year 2026 net sales of $1.77 billion to $1.79 billion and Adjusted EBITDA of $265 million to $275 million.

Savers Value Village, Inc. (NYSE: SVV) shares were trading at USD 8.94 on October 27, 2026, up 0.45%, with a relative volume at time of 2.46. The thrift retailer announced a share repurchase program on October 30, 2025, completed a term loan repricing amendment on June 2, 2026, and filed its quarterly report for the period ended July 4, 2026 on August 6, 2026.

Savers Value Village is incorporated in Delaware and lists its principal executive offices in Bellevue, Washington. It describes itself as the largest for-profit thrift operator in the United States and Canada based on number of stores, with 375 stores as of July 4, 2026 under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique and 2nd Ave. banners. It buys secondhand goods from non-profit partners and sells them in stores and to wholesale customers. Management said on the call that it has nearly 24,000 team members.

Second Quarter Results

For the thirteen weeks ended July 4, 2026, unaudited net sales were $448,219 thousand, compared with $417,208 thousand a year earlier. Constant-currency net sales increased 7.1%. In the U.S., net sales increased 11.6% and comparable store sales increased 6.6%. In Canada, net sales increased 2.2% and comparable store sales increased 0.8%.

Operating income was $42,249 thousand, compared with $34,021 thousand. Interest expense, net was $13,022 thousand, and the company recorded a $1,280 thousand loss on extinguishment of debt. Net income was $21.6 million, or $0.14 per diluted share, with a net income margin of 4.8%. Non-GAAP adjusted net income was $22.3 million, or $0.14 per diluted share, and non-GAAP Adjusted EBITDA was $74.5 million.

Selling, general and administrative expense was $101,715 thousand, compared with $88,412 thousand, and included a $2.4 million impairment charge. Pounds processed were 282 million, compared with 279 million, and sales yield was $1.56, compared with $1.46.

Cash Flow, Debt and Capital

At the end of the second quarter, the company had $91.9 million of cash and cash equivalents, $179.2 million available under its 2025 Revolving Credit Facility and total debt of $726.3 million. Net cash provided by operating activities for the twenty-six weeks ended July 4, 2026 was $92.7 million, compared with $54.9 million, and net cash used in investing activities was $57.5 million.

On June 2, 2026, the company completed a repricing amendment to its term loans, reducing the applicable rate to 2.50% for Term SOFR Loans and 1.50% for Base Rate Loans. It expects the repricing to reduce interest expense by approximately $1.8 million for the remainder of fiscal 2026 and $3.6 million on an annualized basis.

The company repurchased 1.2 million shares during the quarter, and $21.7 million remained on its repurchase authorization at quarter end. The company stated that conditions in global energy markets may increase transportation costs and lead consumers to reallocate discretionary spending, which may adversely affect demand.

2026 Outlook

The 10-Q does not provide numerical guidance. On the August 2026 earnings call, management said it now expects net sales of $1.77 billion to $1.79 billion and comparable store sales growth of 3% to 4%. It expects net income of $67 million to $76 million, or $0.42 to $0.47 per diluted share, and adjusted net income of $76 million to $85 million, or $0.47 to $0.53 per diluted share.

Management also expects Adjusted EBITDA of $265 million to $275 million, capital expenditures of $125 million to $145 million with approximately 25 new store openings, and net interest expense of approximately $48 million. For the third quarter, management said it plans to open eight new stores and expects Adjusted EBITDA to be modestly below the second quarter.