Savers Value Village Inc (SVV)

Shares of Savers Value Village (SVV) dropped by 11.89% from $13.79 to $12.15 in the trading on Friday, Novemeber 10, 2023. The reason why SVV down is due to mixed quarter results:

• Revenue Increase: SVV reported a revenue of $392.7 million, reflecting a 3.8% increase from the third quarter of 2022.
• Net Loss: The company reported a net loss of US$15.6 million, a significant decrease compared to the $15.5 million profit recorded in the third quarter of 2022. This marks a substantial shift from profitability to loss.
• Loss Per Share: SVV reported a loss of $0.097 per share, in contrast to a profit of $0.078 per share in the third quarter of 2022.