Savers Value Village Updates FY23 Total Net Sales From $1.51B To $1.49B Vs $1.51B Est.
Portfolio Pulse from Benzinga Newsdesk
Savers Value Village has updated its FY23 total net sales from $1.51B to $1.49B, slightly below the estimated $1.51B. The company also adjusted its comparable store sales growth for fiscal 2023 from 5.0% to 4.0%. Other changes include an increase in net income from $23 million to $24 million, and adjusted net income from $98 million to $99 million. The number of GAAP-based diluted weighted average common shares outstanding was reduced from 160 million to 157 million.
November 09, 2023 | 9:24 pm
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Savers Value Village's revised FY23 total net sales and comparable store sales growth could potentially impact its stock price. The increase in net income and adjusted net income, as well as the reduction in outstanding shares, may be seen as positive by investors.
The company's revised sales and growth figures could potentially impact its stock price. While the decrease in sales is a negative factor, the increase in net income and adjusted net income, as well as the reduction in outstanding shares, could be seen as positive by investors. However, the overall impact is uncertain and will depend on market reaction.
CONFIDENCE 85
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RELEVANCE 100