Abstract

Savers Value Village, Inc. will report fiscal first-quarter results on February 19, 2026 Post Market. This preview consolidates the latest quarterly actuals and consensus forecasts, focusing on revenue, profitability, EPS, and operational drivers within its core retail and wholesale streams, supplemented by recent institutional commentary and estimates through February 12, 2026.

Market Forecast

For the current quarter, estimates point to revenue of $464.68 million, adjusted EPS of $0.15, and EBIT of $46.45 million, with year-over-year growth implied at 15.81% for revenue, 21.60% for EPS, and a 9.43% decline for EBIT. Forecasts suggest stable merchandising efficiency and pricing discipline underpinning gross margin resilience, while management and consensus expect net profitability to improve on lower seasonal expenses and mix. Retail operations remain the headline driver, with expected steady sell-through and donation intake. Wholesale contributes tactically, offering incremental growth from curated assortments. The most promising segment is the retail sales stream, with last quarter revenue of $408.34 million and year-over-year momentum supported by donation conversion and store productivity initiatives.

Last Quarter Review

Last quarter, Savers Value Village, Inc. delivered revenue of $426.94 million, a gross profit margin of 55.91%, GAAP net profit attributable to the parent of -$14.00 million, a net profit margin of -3.28%, and adjusted EPS of $0.14; revenue grew 8.14% year-over-year and adjusted EPS declined 6.67% year-over-year. One notable financial highlight was the sharp sequential swing in GAAP net profit, with quarter-on-quarter change registering -174.02% due to non-operational items and seasonal cost normalization. Main business highlights: retail sales revenue was $408.34 million, while wholesale sales revenue was $18.59 million, reflecting a retail-led mix optimized for higher merchandising margins and throughput.

Current Quarter Outlook (with major analytical insights)

Retail Operations: Donation Intake, Merchandising, and Price Architecture

The retail business anchors the quarter, with the company targeting improved intake conversion and sorting productivity to sustain revenue growth near the mid-teens year-over-year. Store-level execution remains a central lever: calibrated price points and promotional cadence have helped balance sell-through with margin preservation. Given the prior quarter’s gross margin of 55.91%, management focus appears oriented toward maintaining category mix in apparel and home goods that supports markdown discipline, while using data-led tagging to protect margins. Operationally, labor scheduling and throughput in production rooms are likely prioritized to meet forecast demand without pressuring SG&A disproportionately, supporting the case for EPS improvement despite a forecast EBIT decline year-over-year.

Wholesale Contribution and Mix Optimization

Wholesale, while smaller at $18.59 million last quarter, can provide incremental lift through curated assortments into specialty channels. The near-term outlook emphasizes margin-aware growth rather than scale, using selective placement to monetize surplus donations and specific categories that perform better off-price in bulk. With revenue scale modest relative to retail, management’s optimization strategy should focus on minimizing cannibalization of higher-margin retail items while using wholesale as a throughput release valve. This approach helps stabilize inventory flow and supports retail freshness, indirectly sustaining store productivity metrics and reinforcing the projected EPS trend. Wholesale’s contribution this quarter is likely to be steady rather than outsized, with its role more about operational balance than headline growth.

Profitability Drivers: Gross Margin Resilience vs. EBIT Pressure

Consensus expects revenue growth of 15.81% year-over-year and EPS up 21.60%, despite EBIT forecast down 9.43% year-over-year. This divergence implies a mix of lower interest expense, fewer non-operating charges, or improved tax normalization aiding bottom-line EPS, even as operating profit faces pressure from labor and logistics inflation. The prior quarter’s net margin of -3.28% sets a low base; a return toward breakeven or low-single-digit net margin would be consistent with donation density improvements and tighter markdown control. Key variables for this quarter include store staffing costs, utilities, and transportation outlays on donation pickups—any moderation relative to last quarter should help lift EPS, aligning with the forecasted improvement. Gross margin is poised to remain supported by price architecture and tagging analytics, though it may not expand meaningfully given input cost dynamics.

Inventory Flow and Store Productivity

Donation flow consistency is vital for unit availability and mix quality. The company’s production room efficiency—sort, price, and go-live cadence—determines daily sales capacity and margin capture. After a quarter marked by negative GAAP net profit, preserving cash conversion and tightening cycle times should be central to store-level KPIs. If donation volumes hold at planned levels, retail revenue can meet or modestly exceed estimates without compromising margin, which is essential to realizing the forecast EPS uplift. Conversely, any disruption in donation intake or a need for aggressive markdowns to clear seasonal items could weigh on EBIT, echoing the -9.43% year-over-year forecast for operating profit.

Segment Outlook: Retail as the Growth Engine

Retail’s $408.34 million base last quarter underscores its scale and leverage over consolidated results. The current-quarter revenue forecast positions retail as the primary growth contributor via stable traffic and conversion. Operational enhancements—data-driven price tagging, category rotation, and improved visual merchandising—provide tangible mechanisms for sustaining gross margin integrity. Wholesale remains opportunistic, with revenue contribution modest but strategically valuable for inventory balancing. Success this quarter hinges on retail’s ability to maintain sell-through without sacrificing margin, allowing EPS to rise in line with consensus despite EBIT pressure.

Analyst Opinions

Across the available institutional commentary gathered through February 12, 2026, the majority stance is cautiously positive. Analysts point to double-digit revenue growth expectations of 15.81% and an EPS forecast up 21.60% year-over-year as evidence of recovering bottom-line dynamics, even with EBIT projected to fall 9.43% year-over-year. The prevailing view is that retail execution and donation intake stability can bridge operating cost headwinds, making the setup constructive into the print. Institutions highlight that last quarter’s gross margin of 55.91% and the robust retail mix provide a durable baseline for profitability normalization. The consensus perspective emphasizes monitoring SG&A intensity and labor costs, but anticipates that improved pricing architecture and throughput will be sufficient to support EPS delivery relative to estimates.