Achieved the first quarter of year-over-year adjusted EBITDA growth in nearly two years, marking a strategic inflection point as new store cohorts begin to mature. U.S. comparable sales growth of 8.8% was driven by a secular shift toward thrift, with customer demographics skewing younger and more affluent (45% of U.S. shoppers have HHI above $100,000). Canadian operations stabilized with 0.7% comps, where management's conservative production management and disciplined labor allocation successfully gre ...

Savers Value Village (NYSE:SVV) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker8Good afternoon, and welcome to Savers Value Village conference call to discuss financial results for the fourth quarter ending January third, 2026. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session, and instructions will follow at that time. Please note that this call is being recorded, and a replay of this call and related materials will be available on the ...

Goodwill, long known for its dingy thrift stores with dark, crammed aisles and overflowing bins, is getting more glamorous https://t.co/WRAQ2fmjAz ...

Goodwill, long known for its dingy thrift stores with dark, crammed aisles and overflowing bins, is getting more glamorous https://t.co/BXc9lrs1gr ...

Core Viewpoint - Winmark Corporation (NASDAQ: WINA) is positioned to perform well in a cost-conscious consumer environment due to its ownership of several thrift shop brands [1] Company Summary - Winmark Corporation operates multiple brands that can be categorized as thrift shops, appealing to shoppers looking to reduce expenses [1] Industry Context - The current retail environment is characterized by consumers seeking to lower their spending, which may benefit companies like Winmark that focus on value-oriented offerings [1]

Market Overview - The stock market has reached new all-time highs, leading to a division among investors into bulls and bears [3][4] - Historical data from the S&P 500 since 1927 indicates that after hitting record highs, the average return over the following two years is positive, with a one-year return of 9.9% [4][6] Investment Recommendations - Eric Fry has recommended buying Savers Value Village (SVV), which benefits from the trend of consumers moving towards cheaper retail options and the growing popularity of thrifting [8] - SVV is advised as a buy below $14.25, reflecting confidence in its revenue growth potential [9] AI and Data Center Demand - Global demand for data center capacity is projected to grow between 19% and 22% annually from 2023 to 2030, potentially tripling current demand of around 60 gigawatts [10][11] - Nvidia (NVDA) is positioned as a leader in the AI megatrend, with significant investments from OpenAI and Intel aimed at enhancing data center capabilities [11][13]

Financial Data and Key Metrics Changes - Total net sales increased by 7.9% to $417 million, with a constant currency increase of 8.5% and comparable store sales up by 4.6% [17] - Adjusted EBITDA for the quarter was $69 million, representing approximately 16.5% of sales [6][22] - GAAP net income for the quarter was $19 million, or $0.12 per diluted share, while adjusted net income was $23 million, or $0.14 per diluted share [21] Business Line Data and Key Metrics Changes - U.S. business sales grew by 10.5% to $229 million, with comparable store sales up by 6.2% driven by both transactions and average basket size [17][18] - Canadian business saw net sales increase by 3.4%, with comparable store sales up by 2.6%, reflecting improved selection and consumer response [18][19] Market Data and Key Metrics Changes - The U.S. market showed strong performance with a growing customer base that is younger and more affluent, contributing to increased spending [9][18] - In Canada, despite macroeconomic challenges, there was a sequential improvement in sales, indicating a positive consumer response to the company's value proposition [11][12] Company Strategy and Development Direction - The company plans to open 25 new stores in 2025, with new stores performing in line with expectations and contributing to long-term growth [6][13] - The focus remains on enhancing the customer experience through a compelling assortment and value, with a strong emphasis on data-driven decision-making [11][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth opportunities despite ongoing macroeconomic pressures, highlighting the importance of value in the current environment [10][16] - The company raised its revenue and earnings outlook for 2025 based on strong first-half results and continued momentum [7][25] Other Important Information - The company reported a strong balance sheet with $71 million in cash and cash equivalents and a net leverage ratio of 2.5 times at the end of the quarter [22] - The company repurchased approximately 2.7 million shares during the quarter, indicating confidence in its stock value [23] Q&A Session Summary Question: Can you elaborate on the cadence of the second quarter same store sales across the U.S. and Canada? - Management noted strong execution in the U.S. with increasing penetration in younger demographics, while Canada faced different challenges but showed improvement in selection and value [30][32] Question: What are the transitory headwinds to margin expected in the back half of the year? - Management indicated that increased selection in Canada and the conversion of Two Peaches stores are contributing to short-term margin pressures, but these are expected to normalize [50][56] Question: How do you see the pricing opportunity in the current market? - Management highlighted significant price gaps to discount retailers, providing an opportunity to gain market share while maintaining value [62][63] Question: Can you provide insights on labor costs and production efficiency? - Labor costs are expected to grow at a typical rate, while the company is focused on innovative approaches to improve production efficiency [78][80] Question: What is the outlook for real estate opportunities? - Management expressed optimism about the real estate pipeline, indicating high-quality deals and a favorable environment for expansion [72][76]

Company Overview - Savers Value Village, Inc. (NYSE: SVV) has a market capitalization of $1.59 billion, indicating its relatively small size in the market [1]. Industry Insights - Crude Value Insights focuses on the oil and natural gas sector, emphasizing cash flow generation and identifying companies with value and growth prospects [1]. - Subscribers to Crude Value Insights benefit from a 50+ stock model account, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the sector [2].

Core Insights - Younger shoppers are reducing their spending, which negatively impacts Winmark, a retailer known for its thrift stores like Once Upon a Child and Plato's Closet [1][2] Group 1: Consumer Spending Trends - In-store and online purchases for the 18- to 24-year-old demographic fell by 13% year-over-year from January to April, according to market research firm Circana [4] - Factors contributing to this decline include revived student loan payments, a challenging job market, and increased credit card pressures, particularly affecting shoppers under 24 [4] Group 2: Impact on Winmark - The decline in spending is particularly detrimental to Winmark's Plato's Closet brand, which targets tween-to-young-20s shoppers, with apparel spending down 11% and accessories down 18% [5] - Winmark's stock is considered expensive, trading at nearly $380 per share, with a price-to-earnings ratio of about 33 times trailing earnings and 30 times trailing free cash flow [6] - Despite high valuations, Winmark's profits declined last year and are projected to grow only 6% this year and 7% next year, according to S&P Global Market Intelligence [6][7]

Table of Contents As filed with the Securities and Exchange Commission on June 23, 2023. Registration Statement No. 333-261850 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 10 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Savers Value Village, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 5900 83-4165683 (Primary Standard Industrial Classification Code Number) 1 ...