Savers Value Village’s net income falls 45.3 per cent

value village exterior — Savers Value Village’s net income fell 45.3 per cent to $29 million in the last fiscal year. (Source: Bigstock)

By Celene Ignacio February 24, 2025

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Savers Value Village posted lower net income despite higher sales in the latest year.

The thrift store chain’s net income plummeted 45.3 per cent to $29 million while net sales grew 2.5 per cent to $1.54 billion.

US retail sales rose 6.7 per cent to $832.6 million, and Canada retail sales decreased 3.1 per cent to $587 million. Other sales climbed 3.1 per cent to $118.1 million.

During the period, the company opened 29 new stores, consisting of 22 organic new store openings and seven stores from its Peaches acquisition.

“We are well positioned to capitalize on strong long-term secular tailwinds and continue our pivot to growth with 25 to 30 new store openings in 2025,” said Mark Walsh, Savers Value Village CEO.

For the current fiscal year, Savers Value Village estimates net income of $36 million to $52 million and net sales of between $1.61 billion and $1.65 billion.