SEC Comment Letter 0000000000-23-003982 to Savers Value Village, Inc. (SVV)
Savers Value Village, Inc.
Date: April 20, 2023 · CIK: 0001883313 · Accession: 0000000000-23-003982
AI Filing Summary & Sentiment
File numbers found in text: 333-261850
Letter
United States securities and exchange commission logo April 20, 2023 Mark Walsh Chief Executive Officer Savers Value Village, Inc. 11400 S.E. 6th Street, Suite 125 Bellevue, WA 98004 Re:Savers Value Village, Inc. Amendment No. 7 to Registration Statement on Form S-1 Filed March 30, 2023 File No. 333-261850 Dear Mark Walsh: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our February 23, 2023 letter. Amendment No. 7 to Registration Statement on Form S-1 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations, page 91 1.Please analyze changes in income tax expense from period to period. Comparison of fiscal year 2022 and fiscal year 2021 Cost of merchandise sold, exclusive of depreciation and amortization, page 92 2.You state the increase in cost of merchandise sold per pound processed resulted in part due to a shift in supply mix from hard goods toward soft goods. Please explain the relative impact of these components on your cost of merchandise sold per pound.
FirstName LastNameMark Walsh Comapany NameSavers Value Village, Inc. April 20, 2023 Page 2 FirstName LastName Mark Walsh Savers Value Village, Inc. April 20, 2023 Page 2 Notes to Consolidated Financial Statements Note 15. Income Taxes, page F-30 3.Please explain to us and disclose as appropriate the relationship between the current foreign tax amounts in each year to income/loss before income taxes for foreign operations for the corresponding year shown in the tables on page F-30. You may contact Tatanisha Meadows at 202-551-3322 or Doug Jones at 202-551-3309 if you have questions regarding comments on the financial statements and related matters. Please contact Jennie Beysolow at 202-551-8108 or Jennifer López Molina at 202-551-3792 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Lawrence G. Wee
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United States securities and exchange commission logo
April 20, 2023
Mark Walsh
Chief Executive Officer
Savers Value Village, Inc.
11400 S.E. 6th Street, Suite 125
Bellevue, WA 98004
Re:Savers Value Village, Inc.
Amendment No. 7 to Registration Statement on Form S-1
Filed March 30, 2023
File No. 333-261850
Dear Mark Walsh:
We have reviewed your amended registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our February 23, 2023 letter.
Amendment No. 7 to Registration Statement on Form S-1
Management's Discussion and Analysis of Financial Condition and Results of Operations
Results of Operations, page 91
1.Please analyze changes in income tax expense from period to period.
Comparison of fiscal year 2022 and fiscal year 2021
Cost of merchandise sold, exclusive of depreciation and amortization, page 92
2.You state the increase in cost of merchandise sold per pound processed resulted in part
due to a shift in supply mix from hard goods toward soft goods. Please explain the
relative impact of these components on your cost of merchandise sold per pound.
FirstName LastNameMark Walsh
Comapany NameSavers Value Village, Inc.
April 20, 2023 Page 2
FirstName LastName
Mark Walsh
Savers Value Village, Inc.
April 20, 2023
Page 2
Notes to Consolidated Financial Statements
Note 15. Income Taxes, page F-30
3.Please explain to us and disclose as appropriate the relationship between the current
foreign tax amounts in each year to income/loss before income taxes for foreign
operations for the corresponding year shown in the tables on page F-30.
You may contact Tatanisha Meadows at 202-551-3322 or Doug Jones at 202-551-3309 if
you have questions regarding comments on the financial statements and related matters. Please
contact Jennie Beysolow at 202-551-8108 or Jennifer López Molina at 202-551-3792 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Lawrence G. Wee