24/7 Market News Snapshot 10 January, 2025 – Savers Value Village, Inc. (NYSE:SVV)

January 10, 2025

DENVER, Colo., 10 January, 2025 (247marketnews.com) – (NYSE:SVV) are discussed in this article.
Savers Value Village, Inc. (SVV) is experiencing a significant upward trend in its market performance, with shares opening at $9.58 and reaching $10.39, reflecting an impressive increase of 10.89%. Following a previous close at $9.37, the current trading volume of 684.12K highlights heightened investor interest, suggesting potential for further accumulation. Technical indicators favor a continued bullish trajectory in the near term, prompting investors to closely monitor key support and resistance levels in conjunction with overarching market trends.

In addition, Savers Value Village has released its preliminary net sales results for the fourth quarter and fiscal year 2024, showcasing robust growth amidst fluctuating market conditions. For the thirteen-week period ending December 28, 2024, the company reported net sales of $402.0 million, reflecting a 5.0% year-over-year increase. This figure rises to $405.9 million when adjusted for constant currency, bolstered by a substantial 10.5% increase in U.S. sales.

Comparable store sales rose by 1.6%, significantly driven by a 4.7% increase in the U.S. segment, albeit offset by a slight decline in Canadian sales. Over the full fiscal year, net sales reached $1.54 billion, a 2.5% increase from the prior year, with a constant currency sales rise of 3.1%. The CEO, Mark Walsh, emphasized the company’s resilience and effectiveness, citing a double-digit growth rate in the U.S. and the commitment to enhancing Canadian operations despite economic challenges.

Looking forward, the company projects its fiscal 2024 Adjusted EBITDA to range between $290 million and $300 million. Plans to open 25-30 new stores in 2025 are underway, reinforcing Savers Value Village’s growth strategy and commitment to sustainable retail while furthering its community impact through the #ThriftProud movement.

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