Segments (Tables)

9 Months Ended

Sep. 27, 2025

Schedule of Segment Reporting Information

Our segment results are presented in the tables below. In each table, “Other profit” is attributable to the Australia Retail and Wholesale operating segments which have been combined.


	Thirteen Weeks Ended September 27, 2025
(in thousands)	U.S. Retail		Canada Retail		Total
Segment sales	$	234,712	$	159,608	$	394,320
Segment expenses:
Cost of merchandise sold, exclusive of depreciation and amortization	109,038		64,379		173,417
Salaries, wages and benefits	32,459		18,095		50,554
Selling, general and administrative	45,259		31,798		77,057
Total segment expenses	186,756		114,272		301,028
Segment profit	$	47,956	$	45,336	93,292

Reconciliation of profit
Other profit					8,650
General corporate expenses					47,281
Depreciation and amortization					18,320
Operating income					36,341
Interest expense, net					17,276
Loss on foreign currency, net					3,839
Loss on extinguishment of debt					32,621
Other income, net					(66)
Loss before income taxes					$	(17,329)


	Thirteen Weeks Ended September 28, 2024
(in thousands)	U.S. Retail		Canada Retail		Total
Segment sales	$	212,470	$	151,886	$	364,356
Segment expenses:
Cost of merchandise sold, exclusive of depreciation and amortization	96,961		59,707		156,668
Salaries, wages and benefits	29,372		17,798		47,170
Selling, general and administrative	41,345		29,401		70,746
Total segment expenses	167,678		106,906		274,584
Segment profit	$	44,792	$	44,980	89,772

Reconciliation of profit
Other profit					9,257
General corporate expenses					33,094
Depreciation and amortization					17,297
Operating income					48,638
Interest expense, net					15,466
Gain on foreign currency, net					(2,443)
Other expense, net					168

Income before income taxes					$	35,447


	Thirty-Nine Weeks Ended September 27, 2025
(in thousands)	U.S. Retail		Canada Retail		Total
Segment sales	$	674,310	$	443,199	$	1,117,509
Segment expenses:
Cost of merchandise sold, exclusive of depreciation and amortization	310,961		186,897		497,858
Salaries, wages and benefits	96,599		54,667		151,266
Selling, general and administrative	131,283		91,508		222,791
Total segment expenses	538,843		333,072		871,915
Segment profit	$	135,467	$	110,127	245,594

Reconciliation of profit
Other profit					26,029
General corporate expenses					132,276
Depreciation and amortization					58,582
Operating income					80,765
Interest expense, net					48,075
Gain on foreign currency, net					(6,403)
Loss on extinguishment of debt					35,339
Other expense, net					137
Income before income taxes					$	3,617


	Thirty-Nine Weeks Ended September 28, 2024
(in thousands)	U.S. Retail		Canada Retail		Total
Segment sales	$	612,118	$	435,841	$	1,047,959
Segment expenses:
Cost of merchandise sold, exclusive of depreciation and amortization	275,595		175,425		451,020
Salaries, wages and benefits	86,274		52,271		138,545
Selling, general and administrative	116,778		84,374		201,152
Total segment expenses	478,647		312,070		790,717
Segment profit	$	133,471	$	123,771	257,242

Reconciliation of profit
Other profit					26,336
General corporate expenses					133,479
Depreciation and amortization					52,978
Operating income					97,121
Interest expense, net					47,309
Gain on foreign currency, net					(547)
Loss on extinguishment of debt					4,088
Other income, net					(222)
Income before income taxes					$	46,493

Savers Value Village, Inc. 10-Q