Savers Value Village demonstrated strong third-quarter performance, with U.S. sales up 10.5% and comp sales growth of 7.1%, while Canada shows signs of resilience amidst challenging macroeconomic conditions.
- U.S. comp sales increased by 7.1%, bolstered by a growing customer base and a solid value proposition.
- Canadian comp sales grew by 3.9%, marking the fourth consecutive quarter of improvement despite ongoing economic headwinds.
- The company opened 10 new stores this quarter, on track to meet its goal of 25 new store openings in 2025, emphasizing U.S. growth.
- Adjusted EBITDA reached $70 million, representing approximately 16.4% of sales, with refinanced debt set to reduce interest expenses.
- The company tightens its revenue and earnings outlook for 2025, signaling confidence in sustained growth and profitability.
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