By Chris Wack
Savers Value Village shares were down 20% to $9 after the company reported a fourth-quarter surprise loss.
The thrift-store operator said it had a quarterly loss of $1.9 million, or 1 cent a share, compared with earnings of $43.9 million, or 27 cents a share, in the same quarter a year earlier. Analysts polled by FactSet were looking for earnings of $16.5 million, or 10 cents a share.
Sales for the quarter were $402 million, compared with last year's $382.8 million and the $402 million analysts were looking for. Sales in the U.S. increased 10.5%, while sales in Canada fell 2.7%.
The company said comparable-store sales for the quarter increased 1.6%.
For 2025, Savers Value Village is looking for sales of $1.61 billion to $1.65 billion, while analysts are forecasting sales of $1.64 billion.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 21, 2025 12:40 ET (17:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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