Savers Value Village CEO Mark T. Walsh sold 207,941 shares for $2.4 million on August 5 and 6, according to an SEC filing, shortly after the company reported second-quarter U.S. comparable store sales rose 6.6%. The shares were acquired through the exercise of fully vested stock options and sold at a weighted-average price of $11.54, leaving Walsh with 47,363 directly held shares while he retains substantial equity exposure through remaining stock options. The company’s second-quarter revenue increased 7.4% to $448 million, driven by higher transactions and larger basket sizes in the U.S., and it raised the low end of its full-year earnings outlook. Savers Value Village also began rolling out an AI pricing tool called ThriftIQ, piloted in 58 stores, as part of its strategy to serve cost-conscious consumers across its network of thrift stores in the U.S., Canada, and Australia.
Savers Value Village, Inc.U.S. comparable sales rose 6.6% and revenue increased 7.4% on higher transactions and larger baskets.
