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Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Savers Value Village
Savers Value Village (SVV) investor relations material
Savers Value Village 28th Annual ICR Conference 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.28th Annual ICR Conference 2026 summary12 Jan, 2026
Fourth quarter performance and strategic momentum
Achieved $465 million in sales, a 15.6% increase year-over-year, with 5.4% enterprise comp and 8.8% U.S. comp growth.
Opened 10 new stores in the quarter, totaling 26 for the year, and repaid $20 million in debt while repurchasing 1.1 million shares.
Reaffirmed earnings guidance and highlighted secular adoption of thrift, with cost of living pressures aiding growth.
Customer base is getting younger and more affluent, supporting long-term growth.
New store trajectory is strong, with positive adjusted EBITDA contribution expected in 2026.
Business model, market position, and growth drivers
Operates 367 stores across three countries, with significant U.S. expansion opportunity.
Over 6 million active loyalty members and $1.7 billion in sales; $249 million LTM adjusted EBITDA.
Paid $490 million to nonprofit partners and kept 3.2 billion lbs of goods out of landfills in five years.
Delivers exceptional value with ~$5 average unit retail and mid-teens EBITDA margins.
40% of U.S. loyalty customers are under 45; 45% have household income over $100,000.
Store expansion and profitability outlook
Opened 26 new stores in 2025, targeting 25 in 2026, with 85%-90% of new stores in the U.S.
Entering new markets in North Carolina and Tennessee; new store cohorts performing in line with expectations.
2026 marks a profitability inflection point as new stores begin contributing to EBITDA growth.
U.S. is the primary growth engine, while Canada provides strong cash flow.
76% of donations come directly from donors, with donation growth outpacing retail comps.
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Next Savers Value Village earnings date
Q4 202520 Feb, 2026
Savers Value Village
Next Savers Value Village earnings date
Q4 202520 Feb, 2026
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Frequently asked questions
Savers Value Village Inc. (SVV), operating under the Savers, Value Village, Village des Valeurs, Unique, and 2nd Avenue banners, is a leading for-profit thrift store operator in the United States, Canada, and Australia. The company specializes in selling second-hand merchandise, including clothing, bedding, bath items, shoes, accessories, housewares, books, and more. These items are sourced from non-profit partners (NPPs), either directly or through on-site donations at Community Donation Centers located at its stores, as well as through GreenDrop locations. After acquisition, the items are processed, selected, priced, merchandised, and sold in SVV's retail stores. Unsold items are marketed to wholesale customers for reuse or repurposing. The company is headquartered in Bellevue, Washington, and its shares are listed on the NYSE.
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