BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Savers Value Village Inc. (SVV) on Thursday reported second-quarter profit of $18.9 million.
The Bellevue, Washington-based company said it had net income of 12 cents per share. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The retailer of second-hand merchandise posted revenue of $417.2 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $407.8 million.
Savers Value expects full-year earnings in the range of 41 cents to 48 cents per share, with revenue in the range of $1.67 billion to $1.69 billion.
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