Savers Value Village (NYSE:SVV) Releases FY 2024 Earnings Guidance

Savers Value Village (NYSE:SVV) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.740-0.780 for the period, compared to the consensus EPS estimate of 0.720. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion.

Savers Value Village Price Performance

SVV stock traded up $0.91 during midday trading on Thursday, reaching $17.15. 741,066 shares of the stock were exchanged, compared to its average volume of 635,713. Savers Value Village has a 52 week low of $10.16 and a 52 week high of $26.88. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.09. The company has a fifty day moving average price of $18.13 and a 200 day moving average price of $17.13.

Savers Value Village (NYSE:SVV) last posted its earnings results on Thursday, March 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.06). The firm had revenue of $382.77 million during the quarter, compared to the consensus estimate of $383.07 million. Savers Value Village had a return on equity of 14.98% and a net margin of 3.54%. On average, sell-side analysts anticipate that Savers Value Village will post 0.55 EPS for the current year.

Insider Activity

In related news, insider Jubran N. Tanious sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Mark T. Walsh sold 17,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $18.61, for a total value of $316,370.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jubran N. Tanious sold 10,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,855 shares of company stock worth $1,238,650.

Savers Value Village Company Profile

Savers Value Village, Inc sells second-hand merchandise in retail stores in the United States, Canada, and Australia. It operates stores under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique, and 2nd Avenue brands. The company purchases secondhand textiles, including clothing, bedding, and bath items; shoes; accessories; housewares; books; and other goods from non-profit partners and then processes, selects, prices, merchandises, and sells them in its stores.