Savers Value Village Expects FY24 Total Net Sales Of $1.57B-$1.59B (Est $1.605B), Comparable Store Sales Growth Of 2%-3%,
Portfolio Pulse from Benzinga Newsdesk
Savers Value Village (SVV) forecasts FY24 total net sales of $1.57B-$1.59B, below the estimated $1.605B. It expects comparable store sales growth of 2%-3%, net income of ~$78M, adjusted net income of ~$123M, adjusted EBITDA of ~$340M, and capital expenditures of $105M-$115M.
March 07, 2024 | 9:30 pm
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Savers Value Village forecasts lower-than-expected FY24 net sales of $1.57B-$1.59B, with a net income of approximately $78M and adjusted EBITDA of about $340M.
The projected net sales falling short of the estimated $1.605B could negatively impact investor sentiment and stock price in the short term. The detailed financial metrics provided, including net income and adjusted EBITDA, indicate a solid financial planning but may not be sufficient to counteract the initial negative reaction to the sales forecast miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100