Savers Value Village Q1 net sales rise 8.9%

Savers Value Village

06/05/2026 21:59

Overview

US thrift retailer's Q1 net sales rose 8.9% on U.S. store growth and new openings

Adjusted net income positive, but company posted Q1 net loss of $0.03 per share

Company repurchased 1.2 mln shares in Q1, $31.2 mln remains on buyback authorization

Outlook

Savers Value Village reaffirms fiscal 2026 net sales outlook of $1.76 bln to $1.79 bln

Company expects fiscal 2026 comparable store sales growth of 2.5% to 4.0%

Savers Value Village sees fiscal 2026 net income of $66 mln to $78 mln

Result Drivers

U.S. SALES GROWTH - Net sales increase was driven by 6.4% U.S. comparable store sales growth and new store openings, per CEO Mark Walsh

CANADA PERFORMANCE - Canadian comparable store sales declined 0.6%, with the company citing an earlier Easter as a negative factor

STRATEGIC INITIATIVES - Technology investments and new store maturation contributed to segment profit growth in both the U.S. and Canada, according to management

Company press release: ID:nBw8Sl083a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.03
Q1 Net Income
-$5.26 mln
Q1 Basic EPS
-$0.03
Q1 Operating Expenses
$390.74 mln
Q1 Operating Income
$12.45 mln
Q1 Pretax Profit
-$6.39 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

Wall Street's median 12-month price target for Savers Value Village Inc is $14.25, about 68.8% above its May 5 closing price of $8.44

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)