Savers Value Village, Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsSavers Value Village is the largest for-profit thrift operator in the U.S. and Canada, operating 375 stores across three countries.
What they do
Savers Value Village buys secondhand clothing, shoes, accessories, housewares, and books from non-profit partners, then processes, prices, and sells them in its stores under banners like Savers, Value Village, and Unique. It also sells unsold or unsuited items to wholesale customers. The company sources supply through on-site donations, GreenDrop attended donation stations, and delivered supply.
Revenue drivers
- U.S. retail — Largest market with 179 stores as of January 3, 2026; net sales increased 11.6% in Q2 2026 with comparable store sales up 6.6%.
- Canada retail — 170 stores as of January 3, 2026; Q2 2026 net sales increased 2.2% (constant currency) with comparable store sales up 0.8%.
- Australia retail — 18 stores as of January 3, 2026; contributes to total company net sales, which rose 7.4% in Q2 2026.
- Wholesale — Sells unsold or unsuitable items to wholesale customers for reuse or repurposing; part of the company's integrated thrift operations.
Recent performance
In the second quarter ended July 4, 2026, total net sales increased 7.4% to $448.2 million, with U.S. comparable store sales up 6.6%. Net income was $21.6 million, or $0.14 per diluted share, and adjusted EBITDA was $74.5 million with a 16.6% margin. This was the third consecutive quarter of year-over-year adjusted EBITDA growth. For fiscal 2025 (53 weeks ended January 3, 2026), revenue was $1.68 billion with net income of $22.6 million.
Strategy
Management focuses on increasing the proportion of on-site donations and GreenDrop supply to improve gross product margin. The company is rolling out ThriftIQ, a proprietary pricing platform, across U.S. and Canadian stores through the first half of 2028, which is expected to improve sell-through, basket size, and gross profit growth. They also aim to return to a high-teens adjusted EBITDA margin within three years and expand adjusted EBITDA margin by 50–100 basis points annually starting 2027.
Risks
- Supply quality and cost — The business depends on sourcing quality secondhand items at attractive prices; fluctuations in sourcing logistics and costs could negatively impact operations.
- Macroeconomic pressures — General economic conditions in the U.S. and Canada, including consumer confidence and spending, could reduce demand for thrift merchandise.
- Brick-and-mortar dependence — The company has no online retail operations, making it vulnerable to shifts toward e-commerce and limiting growth channels.
- International operations and exchange rates — Extensive operations in Canada and Australia expose the company to currency fluctuations and regulatory risks in foreign jurisdictions.
Outlook
Management updated fiscal 2026 guidance upward to reflect strong first-half performance, including same-store sales growth and new store contribution. The company expects continued benefits from ThriftIQ rollout and new store maturation, with adjusted EBITDA margin expansion beginning in 2027. They also anticipate returning to a high-teens adjusted EBITDA margin within three years.