Savers Value Village Files 8-K

TL;DR

SVV filed a routine 8-K, no major news.

AI Summary

Savers Value Village, Inc. filed an 8-K on January 15, 2025, reporting "Other Events" and "Financial Statements and Exhibits." The filing does not contain specific financial details or significant business updates beyond the standard reporting requirements.

Why It Matters

This filing serves as a routine disclosure for Savers Value Village, Inc., indicating that the company has submitted required information to the SEC.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure and does not contain information that would immediately impact the company's risk profile.

Key Players & Entities

• Savers Value Village, Inc. (company) — Registrant
• 0001883313-25-000004 (document_id) — Accession Number
• January 15, 2025 (date) — Filing Date

FAQ

Key Financial Figures

• $0.000001 — ch registered Common stock, par value $0.000001 SVV The New York Stock Exchange Indic

Filing Documents

• svv-20250115.htm (8-K) — 30KB
• exhibit991recastofnon-gaap.htm (EX-99.1) — 93KB
• 0001883313-25-000004.txt ( ) — 252KB
• svv-20250115.xsd (EX-101.SCH) — 2KB
• svv-20250115_lab.xml (EX-101.LAB) — 21KB
• svv-20250115_pre.xml (EX-101.PRE) — 12KB
• svv-20250115_htm.xml (XML) — 3KB

01 - Other Events

Item 8.01 - Other Events. Effective for the fifty-three weeks ending January 3, 2026 ("fiscal 2025"), Savers Value Village, Inc. (the "Company") will make certain changes to its non-GAAP financial reporting as detailed below. In late 2024, the Company began undertaking efforts to refine its reporting specifically related to its definition of adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), comparable store sales and its approach for calculating the tax effect on adjustments within the Company's adjusted net income and adjusted net income per diluted share metrics. The Company believes it is appropriate to refine these metrics beginning in fiscal 2025 to better reflect the impact of its accelerating new store growth on both sales and profitability, and to improve consistency with the reporting practices of peer companies with similar growth characteristics. These changes have no impact on reported net income or the related per share amounts. The Company is updating its definition of Adjusted EBITDA to include non-cash occupancy-related costs, pre-opening expenses and store closing expenses, all of which were excluded under its previous definition of Adjusted EBITDA. This change will be reflected beginning in the first quarter of fiscal 2025, and the Company will recast Adjusted EBITDA and Adjusted EBITDA margin in consideration of the change for previous periods for purposes of comparability. The Company will report results for its fourth quarter of fiscal 2024 in late February 2025 using the previous definition of Adjusted EBITDA for the final time so as to be consistent with the definition of Adjusted EBITDA used in both the first three quarters of fiscal 2024 and with its previously issued outlook for the full year. Its outlook for fiscal 2025, also to be provided in late February 2025, will utilize the new definition of Adjusted EBITDA as described above. Further, the Company is updating its definition of comparable

01 - Financial Statements and Exhibits

Item 9.01 - Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Unaudited supplemental historical financial information 104 Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SAVERS VALUE VILLAGE, INC. Date: January 15, 2025 By: /s/ Michael W. Maher Name: Michael W. Maher Title: Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR