BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Savers Value Village Inc. (SVV) on Thursday reported a loss of $4.7 million in its first quarter.
The Bellevue, Washington-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The retailer of second-hand merchandise posted revenue of $370.1 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $366.9 million.
Savers Value expects full-year earnings in the range of 37 cents to 46 cents per share, with revenue in the range of $1.61 billion to $1.65 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SVV at https://www.zacks.com/ap/SVV
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