Savers Value Village Inc
For the period ended Jun 29, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 9, 2024
SVV$10.07-5.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income
| Thirteen Weeks Ended | Twenty-Six Weeks Ended | |||
|---|---|---|---|---|
| June 29, 2024 | July 1, 2023 | June 29, 2024 | July 1, 2023 | |
| Net sales | $386,663 | $379,102 | $740,835 | $724,786 |
| Operating expenses: | ||||
| Cost of merchandise sold, exclusive of depreciation and amortization | 162,626 | 154,945 | 320,790 | 300,698 |
| Salaries, wages and benefits | 90,955 | 67,342 | 174,652 | 159,974 |
| Selling, general and administrative | 83,486 | 73,259 | 161,229 | 150,304 |
| Depreciation and amortization | 17,380 | 14,693 | 35,681 | 29,177 |
| Total operating expenses | 354,447 | 310,239 | 692,352 | 640,153 |
| Operating income | 32,216 | 68,863 | 48,483 | 84,633 |
| Other (expense) income: | ||||
| Interest expense, net | (15,767) | (27,734) | (31,843) | (52,204) |
| (Loss) gain on foreign currency, net | (940) | 4,487 | (1,896) | 5,782 |
| Other income, net | 496 | 434 | 390 | 218 |
| Loss on extinguishment of debt | — | — | (4,088) | (6,011) |
| Other expense, net | (16,211) | (22,813) | (37,437) | (52,215) |
| Income before income taxes | 16,005 | 46,050 | 11,046 | 32,418 |
| Income tax expense | 6,293 | 11,000 | 1,801 | 7,563 |
| Net income | 9,712 | 35,050 | 9,245 | 24,855 |
| Other comprehensive (loss) income, net of tax: | ||||
| Foreign currency translation adjustments | (681) | (1,682) | (2,574) | (1,948) |
| Cash flow hedges | (2,515) | 2,039 | (3,340) | (1,608) |
| Other comprehensive (loss) income | (3,196) | 357 | (5,914) | (3,556) |
| Comprehensive income | $6,516 | $35,407 | $3,331 | $21,299 |
| Net income per share, basic | $0.06 | $0.25 | $0.06 | $0.18 |
| Net income per share, diluted | $0.06 | $0.24 | $0.06 | $0.17 |
| Basic weighted average shares outstanding | 161,788 | 141,712 | 161,518 | 141,705 |
| Diluted weighted average shares outstanding | 168,010 | 146,174 | 168,020 | 146,258 |
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