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Savers Value (SVV) Reports Q3 Earnings: What Key Metrics Have to Say
SVVSavers Value Village(SVV) ZACKS·2024-11-08 01:01

Core Insights - Savers Value Village (SVV) reported revenue of 394.8millionforthequarterendedSeptember2024,reflectinga0.5394.8 million for the quarter ended September 2024, reflecting a 0.5% increase year-over-year, but fell short of the Zacks Consensus Estimate of 401.94 million by 1.78% [1] - The company's EPS was 0.15,downfrom0.15, down from 0.16 in the same quarter last year, resulting in an EPS surprise of -11.76% against the consensus estimate of 0.17[1]FinancialPerformanceMetricsComparableStoreSalesGrowthTotal:2.40.17 [1] Financial Performance Metrics - Comparable Store Sales Growth - Total: -2.4%, compared to the three-analyst average estimate of -1% [3] - Comparable Store Sales Growth - United States: 1.6%, below the 2.6% average estimate [3] - Comparable Store Sales Growth - Canada: -7.5%, worse than the -4.5% estimated by analysts [3] - Number of Stores - United States: 167, slightly below the two-analyst average estimate of 169 [3] - Number of Stores - Canada: 164, in line with the average estimate of 163 [3] - U.S. Retail Revenue: 212.47 million, below the 215.45millionestimate,buta6.2215.45 million estimate, but a 6.2% increase year-over-year [3] - Other Revenue: 30.44 million, exceeding the 29.70millionestimate,withayearoveryearchangeof4.829.70 million estimate, with a year-over-year change of 4.8% [3] - Canada Retail Revenue: 151.89 million, below the $157.26 million estimate, representing a 7.1% decline year-over-year [3] Stock Performance - Shares of Savers Value have returned +8.1% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]