SVV earnings analysis
What we found in SVV's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Savers Value Village, Inc. reported strong Q1 2026 results, with total revenue of $403.2 million, a significant increase of 8.9% from the prior year. The company also achieved an adjusted EPS of $0.02, surpassing analyst expectations. Segment performance was driven predominantly by a robust 11.2% revenue growth in the U.S., although Canadian results were impacted by an earlier Easter holiday. Management anticipates continued positive performance, supporting guidance for Q2.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Solid Revenue Growth
- Total revenue rose to $403.2 million, up 8.9% from $370.1 million in Q1 2025.
- EPS Outperforming Expectations
- Adjusted EPS for the quarter was $0.02, exceeding the consensus estimate of $0.01.
- U.S. Segment Strong Performance
- U.S. retail sales increased 11.2% to $234.3 million, driven by a 6.4% rise in comparable store sales.
- Optimized Gross Margin
- Gross margin improved slightly to 56.7% from 54.5% in Q1 2025.
- Positive Operating Cash Flow
- Net cash provided by operating activities increased significantly to $18.2 million from $0.4 million in the prior year.
- Share Repurchase Program Continues
- 1.2 million shares were repurchased at an average price of $8.51, with $31.2 million remaining in the authorization.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Interest Expenses
- Interest expense increased to $12.7 million from $14.8 million, and rising rates could pressure margins.
- Canadian Store Sales Decline
- Canada retail comparable store sales fell by 0.6%, primarily due to an earlier Easter affecting traffic.
- Geopolitical Tensions Impact
- The company may face increased transportation costs and consumer spending shifts due to geopolitical instability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.02
- Gross margin
- 56.7%
- Operating margin
- 3.1%
- Segment
- U.S. Retail: $234.3M
- Segment
- Canada Retail: $137.2M
What they said about what is next.
Management expects Q2 2026 revenue between $410 million to $430 million and EPS between $0.03 to $0.05.
The filing reads better than the one before it.
What came before.
- 10-K · February 20, 2026
- Savers Value Village positions itself as the largest for‑profit thrift operator in the U.S. and Canada (367 stores) and emphasizes growth via disciplined store expansion, offsite processing and technology (6 CPCs, 19…
- 10-Q · July 31, 2025
- Savers Value Village reported quarterly net sales of $417,208,000 (Q2 ended June 28, 2025), up $30,545,000 (+7.9%) versus the year‑ago quarter, with diluted EPS of $0.12 (vs $0.06 a year ago). Gross margin held at…
- 10-K · February 21, 2025
- Savers Value Village (SVV) positions itself as the largest for‑profit thrift operator in the U.S. and Canada with a scale‑driven, locally sourced supply model and investments in offsite processing and automation to…
- 10-K · March 8, 2024
- Savers Value Village positions itself as the largest for‑profit thrift operator in the U.S. and Canada with 326 stores and >22,000 team members, built on a vertically integrated model of supply & processing, retail and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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