Highlights

  • Net sales for the thirteen weeks ended July 4, 2026 were $448.2 million, and comparable store sales increased 4.4%.
  • Net income was $21.6 million, or $0.14 per diluted share, and adjusted EBITDA, a non-GAAP measure, was $74.5 million.
  • The company completed a term loan repricing on June 2, 2026 and repurchased 1.2 million shares during the second quarter.
  • Cash and cash equivalents were $91.9 million at quarter end, and total debt was $726.3 million.

Savers Value Village, Inc. (NYSE:SVV) shares were trading at USD 8.80 on October 28, 2026, up 0.40%, with a relative volume at time of 3.30. The thrift retailer completed a term loan repricing on June 2 and filed its 10-Q for the second quarter ended July 4, 2026 on August 6.

Savers Value Village is incorporated in Delaware and lists its principal executive offices in Bellevue, Washington. The company describes itself as the largest for-profit thrift operator in the United States and Canada based on number of stores and operated 375 stores as of July 4, 2026. It operates under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique and 2nd Ave. banners. It sources merchandise through donations to its nonprofit partners.

Second Quarter 2026 Results

Net sales for the thirteen weeks ended July 4, 2026 were $448,219 thousand, compared with $417,208 thousand for the thirteen weeks ended June 28, 2025, an increase of 7.4%. Retail sales were $430,239 thousand, and wholesale sales were $17,980 thousand, compared with $20,778 thousand. Comparable store sales increased 4.4%, with U.S. comparable store sales up 6.6% and Canada up 0.8%.

Operating income was $42,249 thousand, compared with $34,021 thousand. Interest expense, net was $13,022 thousand, compared with $15,985 thousand. Net income was $21,631 thousand, compared with $18,917 thousand, and net income margin was 4.8%.

On a non-GAAP basis, adjusted net income was $22.3 million, or $0.14 per diluted share, and adjusted EBITDA was $74.5 million, with an adjusted EBITDA margin of 16.6%.

The company processed 282 million pounds of secondhand goods, compared with 279 million. Sales yield was $1.56, compared with $1.46. For the twenty-six weeks ended July 4, 2026, net sales were $851,414 thousand, compared with $787,353 thousand, and net income was $16,368 thousand, compared with $14,194 thousand.

Balance Sheet, Cash Flow and Capital

At the end of the second quarter, the company had $91.9 million of cash and cash equivalents, $179.2 million available to borrow under its 2025 Revolving Credit Facility and total debt of $726.3 million. The company had no advances under the revolving credit facility.

Net cash provided by operating activities for the twenty-six weeks was $92,675 thousand, compared with $54,865 thousand. Net cash used in financing activities was $28,173 thousand, which primarily reflected $20.5 million of repurchases of common stock.

On June 2, 2026, the company completed a repricing amendment to its existing term loans, reducing the applicable rate to 2.50% for Term SOFR Loans and 1.50% for Base Rate Loans. The company said the repricing is expected to reduce interest expense by approximately $1.8 million for the remainder of fiscal 2026 and $3.6 million on an annualized basis. It recorded a loss on extinguishment of debt of $1,280 thousand.

The company repurchased 1.2 million shares during the second quarter at a weighted average price of $8.10 per share. As of the end of the second quarter, $21.7 million remained on its share repurchase authorization. The company does not anticipate paying cash dividends in the foreseeable future.

Store Growth and Outlook

The company opened 6 new stores in the second quarter and recorded pre-opening expenses of $3.8 million. Its store count was 375 on July 4, 2026, compared with 354 on June 28, 2025.

The 10-Q does not provide numerical financial guidance. The company said recent events in the Middle East and political and economic instability in Venezuela have contributed to volatility in global energy markets. It said these conditions may increase transportation costs and may lead consumers to reallocate discretionary spending.