Revenue growth remains inconsistent, fluctuating between 0.5% and 15.6% over the last ten quarters, while operating margins frequently fall below 5% due to labor-intensive sorting requirements.
| Sales/Revenue | 1.71B | 1.68B | 1.54B | 1.5B | 1.44B | 1.2B | 834.01M | 1.21B |
| Revenue Growth % | 10.2% | 9.19% | 2.49% | 4.38% | 19.36% | 44.38% | -30.82% | - |
| Cost of Goods Sold | 547.24M | 349.01M | 669.74M | 654.25M | 599.93M | 474.46M | 353.45M | 627M |
| COGS % of Revenue | - | 20.79% | 43.56% | 43.61% | 41.74% | 39.4% | 42.38% | 52.01% |
| Gross Profit | 1.16B | 1.33B | 867.87M | 846M | 837.3M | 729.66M | 480.56M | 578.5M |
| Gross Margin % | 68.03% | 79.21% | 56.44% | 56.39% | 58.26% | 60.6% | 57.62% | 47.99% |
| Gross Profit Growth % | - | 53.24% | 2.59% | 1.04% | 14.75% | 51.84% | -16.93% | - |
| Operating Expenses | 1.04B | 1.21B | 737.68M | 704.14M | 631.08M | 547.43M | 473.71M | 532.52M |
| OpEx % of Revenue | - | 71.82% | 47.98% | 46.94% | 43.91% | 45.46% | 56.8% | 44.17% |
| Selling, General & Admin | 552.45M | 714.2M | 668.15M | 643M | 575.32M | 470.23M | 394.85M | 459.68M |
| SG&A % of Revenue | - | 42.54% | 43.45% | 42.86% | 40.03% | 39.05% | 47.34% | 38.13% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 4M | 491.65M | 69.53M | 61.14M | 55.75M | 77.19M | 78.86M | 72.84M |
| Operating Income | 126.15M | 124.1M | 130.19M | 141.86M | 206.23M | 182.24M | 6.84M | 45.98M |
| Operating Margin % | 7.37% | 7.39% | 8.47% | 9.46% | 14.35% | 15.13% | 0.82% | 3.81% |
| Operating Income Growth % | - | -4.68% | -8.23% | -31.21% | 13.16% | 2562.32% | -85.11% | - |
| EBITDA | 210.03M | 204.58M | 199.72M | 203M | 261.98M | 229.62M | 66.28M | 97.21M |
| EBITDA Margin % | 12.27% | 12.19% | 12.99% | 13.53% | 18.23% | 19.07% | 7.95% | 8.06% |
| EBITDA Growth % | 7.76% | 2.43% | -1.62% | -22.51% | 14.09% | 246.46% | -31.82% | - |
| D&A (Non-Cash Add-back) | 83.88M | 80.48M | 69.53M | 61.14M | 55.75M | 47.38M | 59.43M | 51.23M |
| EBIT | 110.15M | 104.5M | 117.24M | 141.86M | 189.04M | 126.77M | 1.07M | 45.98M |
| Net Interest Income | -62.52M | -67.3M | -73.42M | -99.61M | -64.74M | -53.35M | -66.22M | -69.89M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 62.52M | 67.3M | 73.42M | 99.61M | 64.74M | 53.35M | 66.22M | 69.89M |
| Other Income/Expense | -89.67M | -86.89M | -80.75M | -94.78M | -81.93M | -104.37M | -66.27M | 204.71M |
| Pretax Income | 36.48M | 37.2M | 49.43M | 47.08M | 124.3M | 77.86M | -59.42M | 250.69M |
| Pretax Margin % | 2.13% | 2.22% | 3.21% | 3.14% | 8.65% | 6.47% | -7.12% | 20.8% |
| Income Tax | 14.38M | 14.57M | 20.4M | -6.04M | 39.58M | -5.53M | 4.06M | 9.69M |
| Effective Tax Rate % | 39.42% | 39.15% | 41.28% | -12.82% | 31.84% | -7.1% | -6.83% | 3.87% |
| Net Income | 22.1M | 22.64M | 29.03M | 53.12M | 84.72M | 83.39M | -63.48M | 241M |
| Net Margin % | 1.29% | 1.35% | 1.89% | 3.54% | 5.89% | 6.93% | -7.61% | 19.99% |
| Net Income Growth % | -10.8% | -22.02% | -45.34% | -37.31% | 1.59% | 231.36% | -126.34% | - |
| Net Income (Continuing) | 22.1M | 22.64M | 29.03M | 53.12M | 84.72M | 83.39M | -63.48M | 241M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.14 | 0.14 | 0.17 | 0.34 | 0.53 | 0.52 | -0.40 | 1.50 |
| EPS Growth % | -4.18% | -17.65% | -50% | -35.85% | 1.92% | 230% | -126.67% | - |
| EPS (Basic) | - | 0.14 | 0.18 | 0.35 | 0.53 | 0.52 | -0.40 | 1.50 |
| Diluted Shares Outstanding | 155.04M | 162.78M | 166.71M | 156.16M | 160.45M | 160.45M | 160.45M | 160.45M |
| Basic Shares Outstanding | 155.04M | 156.65M | 160.91M | 151.03M | 160.45M | 160.45M | 160.45M | 160.45M |
| Dividend Payout Ratio | - | - | - | 493.71% | 81.96% | 89.93% | - | - |
Supply chain cost volatility
As reported in recent financial filings, SVV achieved a 9.19% year-over-year revenue increase, yet the quarterly growth trajectory remains inconsistent, fluctuating between 0.5% and 15.6% over the last ten periods, suggesting that top-line durability is highly sensitive to seasonal donation cycles and regional economic conditions.
The revenue expansion appears to be driven by a combination of store footprint growth and potential trade-down effects from value-conscious consumers. However, the lack of consistent sequential growth suggests that the company may struggle to maintain momentum without aggressive store openings or significant pricing adjustments.
According to historical income statements, SVV's gross margin has exhibited extreme variance, swinging from a low of 30.3% to a peak of 80.2%, which indicates that the company's reported cost of goods sold is subject to significant accounting reclassifications or shifts in inventory valuation methods.
This wide margin dispersion suggests that the underlying cost structure is not as stable as the high-level 79% average might imply. Investors should monitor whether these fluctuations are driven by changes in the mix of donated versus purchased goods or by the inconsistent allocation of processing labor costs.
Based on the provided data, operating margins have remained thin, often falling below 5% despite significant gross profit generation, which suggests that the company's high-variable-cost structure, particularly labor-intensive sorting and tagging, prevents meaningful operating leverage from materializing as the business scales its top-line revenue.
The inability to consistently expand operating margins during periods of revenue growth implies that the company's cost base is largely tied to throughput volume rather than fixed overhead. This warrants further investigation into whether management can implement automation to decouple labor costs from store-level processing requirements.
As evidenced by recent quarterly reports, SVV's net income is frequently pressured by substantial stock-based compensation expenses, which reached $12.4 million in 2025Q2, often turning otherwise profitable operating quarters into net losses and complicating the assessment of true underlying earnings power for public market investors.
The recurring nature of these non-cash charges suggests that the reported EPS may not accurately reflect the company's cash-generating capabilities. Analysts should focus on adjusted EBITDA metrics to better understand the core operational performance, as the current net income figures appear heavily distorted by equity-based incentives.
While the market often views SVV as a resilient retailer, the income statement reveals a business model highly vulnerable to supply-side inflation, as evidenced by the erratic net margin performance that frequently dips into negative territory despite the company's unique, industrial-scale registered donation program.
Short-sellers may focus on the potential for rising per-pound acquisition costs from non-profit partners to permanently compress margins. If the company cannot pass these costs to the consumer, the current valuation may be difficult to justify given the persistent volatility in bottom-line profitability.
Quick answers to the most common questions about buying SVV stock.
For fiscal year 2025, Savers Value Village, Inc. (SVV) reported total revenue of $1.68B. This represents a 39.3% increase compared to $1.21B in 2019.
Savers Value Village, Inc. (SVV) is profitable, generating $22.6M in net income for the fiscal year ending 2025 with a net profit margin of 1.3%.
Savers Value Village, Inc. (SVV) reported an operating income of $124.1M, resulting in an operating profit margin of 7.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Savers Value Village, Inc. (SVV) generated $1.33B in gross profit for the year, representing a gross profit margin of 79.2%. This demonstrates the company's core pricing power and production efficiency.