Savers Value Village Inc 2024年度报告

FORM10-K________________________________________ (Mark One) xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 28, 2024OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________Commission file number001-04321________________________________________ Savers Value Village, Inc.________________________________________ (Exact name of registrant as specified in its charter) 83-4165683(I.R.S. Employer IdentificationNo.) Delaware(State or other jurisdiction of incorporation ororganization) 11400 S.E. 6th StreetSuite 125,Bellevue,WA(Address of Principal Executive Offices) 425-462-1515Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐Nox Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesoNox Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports); and (2) has been subject to such filing requirements for the past 90 days.YesxNoo Table of Contents Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yesx No¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer Accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.x If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.¨ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes¨No x As of June 29, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate marketvalue of common equity held by non-affiliates of the registrant was $329.9million, computed using the closing price on that day of$12.24. The registrant had outstanding158,707,876shares of common stock as of February10, 2025. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Company’s Proxy Statement for the Annual Meeting of Shareholders to be held on June 4, 2025, are incorporatedby reference into Part III of this Form 10-K. Table of Contents PageSpecial Note Regarding Forward-Looking Statements3PART IItem 1. Business5Item 1A. Risk Factors14Item 1B. Unresolved Staff Comments40Item 1C. Cybersecurity Risk Management, Strategy and Governance40Item 2. Properties42Item 3. Legal Proceedings43Item 4. Mine Safety Disclosures43PART IIItem 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities44Item 6. [Reserved]44Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations45Item 7A. Quantitative and Qualitative Disclosures About Market Risk62Item 8. Financial Statements and Supplementary Data64Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosures98Item 9A. Controls and Procedures98Item 9B. Other Information102Item 9C. Disclosure Regarding Foreign Jurisdiction That Prevent Inspect