Savers Raises Fiscal 2026 Comparable-Sales Floor

The Tip Desk · November 11, 2026 · 3 min read

Adjusted EBITDA reached $75.9 million in the third quarter as the thrift retailer lifted its full-year comparable-sales outlook to 3.5%–4.0%.

Savers Value Village, Inc. (SVV), the largest for-profit thrift operator in the U.S. and Canada, reported net sales of $463.1 million for the thirteen weeks ended October 3, 2026, up 8.5% from a year earlier, with comparable store sales up 4.2%.

The company said the quarter marked a fourth consecutive year-over-year increase in Adjusted EBITDA, which reached $75.9 million, or a 16.4% margin. Net income was $23.4 million, or $0.15 a share, compared with a net loss of $14.0 million, or $0.09 a share, a year earlier. Operating income was $45.5 million, or 9.8% of sales.

U.S. Retail net sales were $263.4 million, up 12.2%, and U.S. comparable store sales rose 5.9%. U.S. Retail segment profit was $55.7 million, up 16.2%. Canada Retail net sales were $163.7 million, up 2.5%, with comparable store sales up 1.5%; constant-currency Canada net sales rose 4.3%. Canada Retail segment profit was $49.9 million, up 10.0%. Other, combining Australia Retail and Wholesale, posted net sales of $36.0 million, up 10.4%, and segment profit of $6.6 million, down 23.2%.

Chief Executive Officer Mark Walsh said the company was pleased with continued strength in the U.S. business, encouraging signs of improvement in Canada, and stronger-than-expected profitability in new stores. The company opened nine new stores in the third quarter, ending the period with 384 locations, and recorded $5.1 million of pre-opening expenses.

ThriftIQ, the company’s proprietary pricing platform, was expanded to 108 stores. Savers said stores using ThriftIQ continue to show gross profit growth, with higher unit sell-through, larger baskets and stronger sales yields, and that it expects to continue deploying the platform across U.S. and Canadian locations through early 2028. The company also launched patent-pending Autotagger and image capture, industrial engineering solutions it said are designed to enhance labor efficiency. It scheduled an Innovation Day in Minneapolis on November 10, 2026.

The company repaid $51.9 million of outstanding borrowings under its 2025 Term Loan Facility using cash on hand, resulting in a $0.8 million loss on extinguishment of debt. It also repurchased about 1.0 million shares for approximately $10.0 million, excluding excise tax, in connection with an August 11, 2026 secondary offering, separate from its 2025 repurchase authorization. Cash and cash equivalents were $60.1 million at quarter-end, with $179.2 million available under its 2025 Revolving Credit Facility and total debt of $674.4 million.

For the fifty-two weeks ending January 2, 2027, Savers raised its comparable store sales growth outlook to 3.5% to 4.0% from 3.0% to 4.0%. It narrowed the net sales outlook to $1.77 billion to $1.78 billion from $1.77 billion to $1.79 billion. Adjusted EBITDA is now expected at $270 million to $275 million, up from $265 million to $275 million. Net income is expected at $69 million to $75 million, or $0.43 to $0.47 a share. Capital expenditures are now $135 million to $145 million, and new store openings remain approximately 25. The outlook assumes an exchange rate of 1 Canadian dollar to 0.72 U.S. dollar.