Savers Value Village (SVV) Q4 2025 earnings summary

Executive summary

• Achieved first year-over-year Adjusted EBITDA growth in nearly two years, driven by profit gains in both the U.S. and Canada.

• U.S. sales grew 20.6% (12.6% ex-53rd week), with comps up 8.8% due to higher transactions and average basket.

• Canadian sales trends stabilized, with a 0.7% comp and segment profit growth from disciplined production management.

• Opened 10 new stores in Q4, totaling 26 for the year and 367 stores at quarter end, with new stores performing as expected.

• Innovation initiatives include ABP Lite rollout and efficiency improvements like autonomous floor scrubbers and AI-enabled HVAC.

Financial highlights

• Q4 net sales rose 15.6% to $465M; 8.4% growth excluding the 53rd week.

• U.S. net sales up 20.6% to $266M; comps up 8.8%.

• Canada net sales up 9.1% (3.1% ex-53rd week); comps up 0.7%.

• Adjusted EBITDA was $74.1M (15.9% margin); GAAP net income $22.4M ($0.14/share), adjusted net income $23.8M ($0.15/share).

• Operating income for Q4 was $43.3M (9.3% margin), up from $33.1M (8.2%) year-over-year.

Outlook and guidance

• FY26 guidance: net sales $1.76B–$1.79B, comps +2.5%–4%, net income $66M–$78M, adjusted net income $73M–$85M, Adjusted EBITDA $260M–$275M.

• Plan to open ~25 new stores, mostly in the U.S., with capital expenditures of $125M–$145M.

• Expect mid-single-digit U.S. comps, flat to low single-digit in Canada, and modest gross margin improvement.

• Q1 expected to see mid- to high-single-digit revenue growth, with flat to slightly up Adjusted EBITDA.