Savers Value Village (SVV) Q2 Earnings and Revenues Miss Estimates

Company Performance - Savers Value Village (SVV) reported quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.20 per share, and down from $0.22 per share a year ago, representing an earnings surprise of -30% [1] - The company posted revenues of $386.66 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.66%, and compared to year-ago revenues of $379.1 million [2] - Over the last four quarters, the company has not surpassed consensus EPS or revenue estimates [2] Stock Performance - Savers Value shares have lost about 44.3% since the beginning of the year, while the S&P 500 has gained 9% [3] - The current status of estimate revisions is unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.24 on revenues of $415.18 million, and for the current fiscal year, it is $0.73 on revenues of $1.58 billion [7] - The outlook for the industry, specifically the Textile - Apparel sector, is in the bottom 25% of Zacks industries, which may materially impact the stock's performance [8]