Shares of Savers Value Village, Inc. (SVV) are set to open sharply lower on Friday, plummeting 10.96% in pre-market trading following the release of disappointing third-quarter results and a significant reduction in its full-year earnings forecast. The thrift store operator's financial update, released after Thursday's market close, revealed several challenges that have shaken investor confidence.

The company reported a net loss of $14.0 million, or $0.09 per diluted share, for the quarter ended September 27, 2025, a stark contrast to the profit of $21.7 million, or $0.13 per share, in the same period last year. This loss was largely attributed to a substantial $32.6 million pre-tax charge for debt extinguishment. Despite the negative bottom line, Savers Value Village saw its total net sales increase by 8.1% to $426.9 million, narrowly 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.

However, the most significant factor driving the stock's pre-market plunge appears to be the company's drastically lowered full-year earnings outlook. Savers Value Village now expects earnings per share of 10 cents to 13 cents for fiscal 2025, 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. This substantial reduction in guidance, combined with the quarterly loss and the impact of the debt extinguishment charge, has overshadowed the otherwise positive sales performance, leading to the significant pre-market stock decline.