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Savers Value Village First Quarter 2024 Earnings: US$0.003 loss per share (vs US$0.051 loss in 1Q 2023)

Savers Value Village (NYSE:SVV) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$354.2m (up 2.5% from 1Q 2023).

  • Net loss: US$467.0k (loss narrowed by 95% from 1Q 2023).

  • US$0.003 loss per share (improved from US$0.051 loss in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Savers Value Village Earnings Insights

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are down 18% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Savers Value Village (1 can't be ignored!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.