Thrift store operator Savers Value Village gains on upbeat Q2 results

Savers Value Village

10/08/2023 22:23

** Shares of thrift store operator Savers Value Village
 SVV.N  up 3.8% at $24.50 after the bell 
    ** SVV's Q2 net sales rise 4% to $379.1 mln, while
comparable store sales increase 5.5%
    ** Company posts quarterly net income of 24 cents/shr vs 21
cents/shr a year earlier
    ** SVV went public in late June, valued at nearly $4 bln,
after shares soared in a strong market debut 
    ** Stock has since gained ~31% from initial public offering
price of $18 apiece, through last close

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))