Savers Value Village Reports Inflection Quarter

Thrift retailer sees first year-over-year Adjusted EBITDA growth in nearly two years.

Published on Feb. 23, 2026

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Savers Value Village (NYSE:SVV) reported what management described as an inflection quarter, delivering its first year-over-year Adjusted EBITDA growth in nearly two years as both its U.S. and Canadian segments contributed higher profit. Executives pointed to accelerating thrift adoption in the U.S., stabilizing trends in Canada, and improving returns as newer stores mature.

Why it matters

Savers Value Village's results highlight the growing popularity of thrift shopping, particularly in the U.S. market, as consumers seek value amid economic uncertainty. The company's ability to drive profitability improvements across its footprint, including in Canada where trends have been more challenging, suggests its business model remains resilient.

The details

For the fourth quarter ended January 3, 2026, Savers Value Village reported a 15.6% increase in total net sales to $465 million. Adjusted EBITDA totaled $74 million, representing a 15.9% margin. The company's U.S. business saw a 20.6% increase in net sales, while the Canadian segment grew 9.1%. Executives cited strong performance in mature U.S. stores and stabilizing trends in Canada as key drivers of the improved profitability.

  • Savers Value Village reported Q4 2025 results on February 23, 2026.
  • The company's fiscal year ends on January 3, 2026.

The players

Savers Value Village

A publicly traded thrift retailer that operates a network of donation-based retail stores across North America, specializing in selling second-hand apparel, footwear, household items, and other pre-owned goods.

Michael Maher

Chief Financial Officer of Savers Value Village.

Mark Walsh

Chief Executive Officer of Savers Value Village.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The company plans to open around 25 new stores in 2026, with more than 20 in the U.S. and a slower pace of openings in Canada. Management also outlined various innovation initiatives, including the expansion of its automated book processing system and the implementation of autonomous floor scrubbers and AI-enabled HVAC integration.

The takeaway

Savers Value Village's strong fourth-quarter performance, driven by accelerating thrift adoption in the U.S. and stabilizing trends in Canada, underscores the resilience of its business model. The company's focus on store growth, operational efficiency, and innovation initiatives positions it well to navigate the evolving retail landscape and continue delivering value to its customers and shareholders.