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9.13
5.43%
0.47
Why is Savers Value Village Inc (SVV) Stock down?
We've noticed a 8.58% decline in Savers Value Village Inc (SVV) stock during the 2024-11-12 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
10 Nov, 2023:
Shares of Savers Value Village (SVV) dropped by 11.89% from $13.79 to $12.15 in the trading on Friday, Novemeber 10, 2023. The reason why SVV down is due to mixed quarter results:
- Revenue Increase: SVV reported a revenue of $392.7 million, reflecting a 3.8% increase from the third quarter of 2022.
- Net Loss: The company reported a net loss of US$15.6 million, a significant decrease compared to the $15.5 million profit recorded in the third quarter of 2022. This marks a substantial shift from profitability to loss.
- Loss Per Share: SVV reported a loss of $0.097 per share, in contrast to a profit of $0.078 per share in the third quarter of 2022.
2.63%
0.12%
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