M&A - Savers Value Village, Inc.

Form Type: 10-Q

Filing Date: 2025-05-02

Corporate Action: Acquisition

Type: Update

Accession Number: 000188331325000026

Filing Summary: Savers Value Village, Inc. reported for the quarterly period ended March 29, 2025. The company experienced net sales of $370,145,000, compared to $354,172,000 for the same period in 2024, with net loss recorded at $4,723,000. Significant operating expenses totaled $359,742,000, influenced by costs attributed to merchandise sold, labor, and administrative costs. The acquisition of 2 Peaches Group, LLC, a thrift store chain based in Atlanta, Georgia, was finalized on May 6, 2024, for a total of $5.4 million, involving cash and contingent consideration. This strategic acquisition is expected to facilitate the company's expansion into the southeastern United States market. Furthermore, the report highlights a reduction in long-term debt alongside ongoing challenges related to operating expenses and losses from extinguished debt affecting overall financial performance. The company faced a loss before income taxes of $5,664,000, signifying the financial impact of operational costs and market dynamics. The document reflects the company's current financial standing and strategic growth initiatives, including increased sales but indicating areas needing improvement in management of expenses and operational efficiencies.