BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Savers Value Village Inc. (SVV) on Thursday reported third-quarter profit of $21.7 million.
On a per-share basis, the Bellevue, Washington-based company said it had profit of 13 cents. Earnings, adjusted for one-time gains and costs, came to 15 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The retailer of second-hand merchandise posted revenue of $394.8 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $401.9 million.
Savers Value expects full-year revenue in the range of $1.53 billion to $1.54 billion.
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