Savers Value Village, Inc.
We are the largest for-profit thrift operator in the United States and Canada. With over 20,000 team members, we operate more than 300 stores under the Savers, Value Village, Village des Valeurs, Unique, and 2nd Ave banners.
The U.S. secondhand market, which is a subset of the broader retail market, was expected to reach an estimated $36 billion in 2021. It is expected to grow 21% annually to $77 billion by 2025.
We are committed to redefining secondhand shopping by providing one-of-a-kind, low-priced merchandise ranging from quality clothing to home goods in an exciting treasure-hunt shopping environment. We purchase secondhand textiles (i.e., clothing, bedding and bath items), shoes, accessories, housewares, books and other goods from our non-profit partners (“NPPs”), either directly from them or via on-site donations (“OSDs”) at Community Donation Centers at our stores. We then process, select, price, merchandise and sell these items in our stores. Items that are not sold to our retail customers are marketed to wholesale customers, who reuse or repurpose the items they purchase from us. We believe our hyper-local and socially responsible procurement model, industry-leading and innovative operations, differentiated value proposition and deep relationships with our customers distinguish us from other secondhand and value-based retailers.
We offer a dynamic, ever-changing selection of items, with an average unit retail (“AUR”) under $5. We have a highly engaged customer base, with over 3.8 million active loyalty program members in the United States and Canada who shopped with us, driving 64.6% of point-of-sale transaction value in the 12 months ended Oct. 2, 2021.
As of November 2021, we had 148 stores in the United States, 148 stores in Canada and 10 stores in Australia. We operate under five distinct store banners—Savers, Value Village, Village des Valeurs Unique, and 2nd Ave.
During fiscal year 2021, we processed 860 million pounds of secondhand goods. For the three months ended April 2, 2022, we processed 240 million pounds of secondhand goods.
**Note: During fiscal year 2021, which ended Jan. 1, 2022, we generated $1,204.1 million of net sales and $83.4 million of net income, with Adjusted EBITDA of $223.4 million, resulting in a 6.9% net income margin and an 18.6% Adjusted EBITDA margin.
**Note: Net sales (revenue) and net income information in the chart below are for fiscal year 2021, which ended Jan. 1, 2022.
Updated Financial Information in 2022:
–Note: During the three months ended April 2, 2022, we generated $327.5 million of net sales and $11.9 million of net income, with Adjusted EBITDA of $51.7 million, resulting in a 3.6% net income margin and a 15.8% Adjusted EBITDA margin.
–Note: For the nine months that ended Oct. 1, 2022: Net sales of $1,070.43 million and net income of $58.29 million.
(Note: Savers Value Village filed an S-1/A dated Nov. 10, 2022, with updated financial information for the nine months that ended Oct. 1, 2022; the company did not disclose terms for its IPO. Savers Value Village filed an S-1/A dated July 14, 2022, with updated financial statements that included the three months ended April 2, 2022. Savers Value Village filed its S-1 on Dec. 22, 2021; the company filed confidential IPO paperwork on Oct. 12, 2021.)
|Industry:||Retail - Thrift stores|
|Address||11400 S.E. 6th Street, Suite 125 Bellevue, WA 98004|
|View Prospectus:||Savers Value Village, Inc.|
|Revenues||$1204.1 mil (last 12 months)|
|Net Income||$83.4 mil (last 12 months)|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$100.0 mil|
|Manager / Joint Managers||J.P. Morgan/ Goldman Sachs/ Jefferies/ UBS Investment Bank/ Baird/ CIBC Capital Markets/ Guggenheim Securities/ Piper Sandler|
|Expected To Trade:|
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