Savers Value Village, Inc. (SVV) stock plummeted 10.96% in pre-market trading on Friday, following a disappointing third-quarter earnings report and a significant reduction in its full-year earnings forecast. The thrift store operator's shares had already tumbled 14.81% in after-hours trading on Thursday, indicating a continued negative sentiment among investors.

For the quarter ended September 27, 2025, Savers Value Village reported a net loss of $14.0 million, or $0.09 per diluted share, compared to a profit of $21.7 million, or $0.13 per share, in the same period last year. The loss was primarily attributed to a substantial $32.6 million pre-tax charge for the extinguishment of debt. Despite the negative bottom line, the company's total net sales increased by 8.1% to $426.9 million, slightly missing analyst expectations of $427.3 million. Comparable store sales showed positive momentum, rising by 5.8% overall, with a 7.1% increase in the United States and a 3.9% uptick in Canada.

Adding to investor concerns, Savers Value Village significantly lowered its full-year earnings outlook. The company now expects earnings per share of 10 cents to 13 cents, down sharply from its prior forecast of 29 cents to 36 cents. The sales forecast was also trimmed, with the company now projecting net sales between $1.67 billion and $1.68 billion, lowering the upper end of its previous range. The market's sharp reaction reflects growing apprehension about the company's profitability and debt management, despite its continued sales growth. The combination of the quarterly loss, lowered guidance, and the impact of the debt extinguishment charge appears to have overshadowed the otherwise positive sales performance, leading to the significant pre-market stock decline.