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

Savers Value Village (NYSE:SVV) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.740-0.780 for the period, compared to the consensus earnings per share 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 Trading Up 5.6 %

Shares of SVV traded up $0.91 during trading hours on Thursday, reaching $17.15. 741,066 shares of the company’s stock traded hands, compared to its average volume of 635,713. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.93 and a current ratio of 1.07. The firm’s 50 day simple moving average is $18.13 and its 200-day simple moving average is $17.13. Savers Value Village has a 12 month low of $10.16 and a 12 month high of $26.88.

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

Insider Activity

In other news, CEO Mark T. Walsh sold 17,000 shares of Savers Value Village stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $18.61, for a total transaction of $316,370.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Mark T. Walsh sold 17,000 shares of the business’s stock in a transaction dated 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 is available through this link. Also, insider Melinda L. Geisser sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $19.13, for a total value of $38,260.00. The disclosure for this sale can be found here. Insiders have sold 65,855 shares of company stock valued at $1,238,650 in the last ninety days.

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.