Savers Value Village, Inc. Hosts Innovation Day
Key Highlights
- ➤High-single digit total revenue growth expected over the next three years
- ➤High-teens Adjusted EBITDA margin expected within three years
- ➤Autotagger and Image Capture expected to save over $10 million annually
- ➤50 to 100 basis points of annual Adjusted EBITDA margin expansion targeted
- ➤ThriftIQ live in 108 stores and has priced over 40 million items
Expert Statements
Mark Walsh, Chief Executive Officer of Savers Value Village
“Our operations are a clear competitive advantage and a key enabler of our business model and long-term success.”
Mark Walsh, Chief Executive Officer of Savers Value Village
“Our innovation agenda focuses on strengthening the price-value equation for consumers, driving greater efficiency and cost savings, and expanding our business insights capabilities.”
Mark Walsh, Chief Executive Officer of Savers Value Village
“The initiatives we showcased today are designed to enable us to process more volume efficiently and deepen our business insights, which we believe will support revenue growth and Adjusted EBITDA margin(1) expansion over the next three years.”
Savers Value Village, Inc. (NYSE: SVV) (the “Company”) today hosted an Innovation Day providing a firsthand look at how the Company’s operational capabilities and technology initiatives are expected to support long-term revenue growth and Adjusted EBITDA margin(1) expansion.
The event featured tours of the Company’s Minneapolis Centralized Processing Center (CPC) and Columbia Heights store. Demonstrations included ThriftIQ™, which is designed to optimize and create more consistent pricing, as well as the Autotagger and integrated Image Capture technologies, which are intended to increase processing automation and enhance labor efficiency. Together, these initiatives are key components of the Company’s current three-year roadmap to expand Adjusted EBITDA margin(1) by 50 to 100 basis points annually.
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