Savers Value Village Inc 2025年度报告

FORM 10-K________________________________________ (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended January 3, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________Commission file number 001-04321________________________________________ Savers Value Village, Inc.________________________________________ (Exact name of registrant as specified in its charter) Delaware(State or other jurisdiction of incorporation ororganization) 83-4165683(I.R.S. Employer IdentificationNo.) 11400 S.E. 6th StreetSuite 125, Bellevue, WA(Address of Principal Executive Offices) 98004(Zip Code) 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☐No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesNo 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. YesNo 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).Yes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 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. 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 As of June 27, 2025, 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 $388.6million, computed using the closing price on that day of$10.27. The registrant had outstanding 155,056,715 shares of common stock as of February13, 2026. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Company’s Proxy Statement for the Annual Meeting of Shareholders to be held on June 10, 2026, 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 Factors15Item 1B. Unresolved Staff Comments38Item 1C. Cybersecurity38Item 2. Properties40Item 3. Legal Proceedings41Item 4. Mine Safety Disclosures41PART IIItem 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities41Item 6. [Reserved]41Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations42Item 7A. Quantitative and Qualitative Disclosures About Market Risk58Item 8. Financial Statements and Supplementary Data60Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosures99Item 9A. Controls and Procedures99Item 9B. Other Information101Item 9C. Disclosure Regarding Foreign JurisdictionsThat Prevent Inspections101PART IIIItem 10. Directors, Executive Officers and Corporate Governance102Item