Savers Value Village, Inc.

•Wholesale warehouses (two in the U.S. and one in Canada) used to process, package and distribute goods to our wholesale customers;

•Logistics warehouses (thirteen in the U.S. and two in Australia); and

•Corporate offices in Bellevue, WA and Meridian, ID.

The following table presents a split of the Company’s total square feet by property type:

(in thousands) · Square Feet

Retail stores · 9,945

Offsite processing facilities · 473

Wholesale warehouses · 245

Logistics warehouses · 240

Corporate offices · 27

Total · 10,930

As of January 3, 2026, our total consolidated selling square feet was 7.4 million. As of January 3, 2026, we operated 367 retail stores in the U.S., Canada and Australia. For more information regarding our (i) segments, see Note 11. Segments, and (ii) leases, see Note 2. Summary of Significant Accounting Policies and Note 9. Leases, of the Notes to Consolidated Financial Statements included in “Part II, Item 8. Financial Statements and Supplementary Data.”

As of January 3, 2026, we had 179 U.S. retail stores located in 30 states, as set forth below:

Alaska · 4 · Massachusetts · 14 · Ohio · 3

Arkansas · 1 · Maryland · 13 · Oregon · 1

Arizona · 8 · Minnesota · 10 · Pennsylvania · 4

California · 22 · Missouri · 6 · Rhode Island · 4

Connecticut · 4 · North Dakota · 1 · South Dakota · 1

Georgia · 4 · New Hampshire · 3 · Texas · 3

Hawaii · 2 · New Jersey · 5 · Utah · 8

Idaho · 2 · New Mexico · 5 · Virginia · 6

Illinois · 10 · Nevada · 7 · Washington · 14

Kansas · 3 · New York · 10 · Wisconsin · 1

As of January 3, 2026, we operated 170 Canada retail stores located in 10 provinces, as set forth below:

Alberta · 21

British Columbia · 24

Manitoba · 7

New Brunswick · 3

Newfoundland · 1

Nova Scotia · 7

Ontario · 77

Prince Edward Island · 1

Quebec · 24

Saskatchewan · 5

As of January 3, 2026, we operated 18 retail stores in Australia, with 9 located in Victoria, 5 in New South Wales and 4 located in South Australia.

• If we fail to manage our growth effectively and execute our business plan, our business, results of operations and financial condition could be harmed.
• We lease virtually all of our locations and must identify, obtain and retain suitable locations for our stores and processing facilities to achieve our planned growth.
• Our continued growth depends on attracting new, and retaining existing, customers, including by increasing the acceptance of thrift among new and growing customer demographics, and effective advertising.
• We have significant foreign operations, particularly in Canada, that subject us to additional operating risks and certain exchange rate risks, which we may not be able to fully hedge.
• Natural disasters, pandemics, geo-political events and other highly disruptive events can have an unpredictable and adverse impact on our business, results of operations and financial condition.
• If we are unable to successfully leverage technology to automate and drive efficiencies, our business, results of operations and financial condition could be harmed.
• Labor-related matters, including labor disputes, may adversely affect our operations.
• Acquisitions could be difficult to identify, pose integration challenges, divert the attention of management, disrupt our business, dilute stockholder value and adversely affect our results of operations and expansion prospects.
• Disruptions in the wholesale markets due to market conditions, conditions in the countries where our wholesale goods are sold or other factors may adversely affect our business.
• We may not succeed in promoting and maintaining our reputation, and our business could be negatively impacted by a failure, or perceived failure, to live up to our sustainability and corporate citizenship commitments.
• The market in which we participate is competitive and rapidly changing, and if we do not compete effectively with established companies as well as new market entrants or maintain and develop strategic relationships with NPPs, our business, results of operations and financial condition could be harmed.
• Risks Relating to Information Technology, Intellectual Property, Data Security and Privacy
• Compromises of our data security, including cyberattacks or data breaches, could cause us to incur unexpected expenses and may materially harm our reputation and results of operations.
• Our use and other processing of personal information and other data is subject to extensive and evolving laws and regulations. Changes in such laws or regulations or any actual or perceived compliance failures could adversely affect our business, results of operations and financial condition.
• Our use of artificial intelligence tools and changes to related laws or regulations could adversely affect our business.
• We may be unable to protect our intellectual property rights, and we may be accused of infringing on the intellectual property or other proprietary rights of third parties.
• We rely on software, technology and services from other parties. Defects in or the loss of access to software or services from third parties could increase our costs and adversely affect the quality of our products.
• Risks Relating to Legal, Regulatory, Accounting and Tax Matters
• Changes in Canadian, Australian or U.S. national or local regulations, including those relating or applicable to the sale of secondhand items and advertising practices, or our actual or alleged failure to comply with such regulations, may have a material adverse effect on our reputation, business, financial condition and results of operations.
• Our failure to address risks associated with payment methods, credit card fraud and other consumer fraud, or our failure to control any such fraud, could damage our reputation and brands and could harm our business, results of operations and financial condition.
• We and our directors and executive officers may be subject to litigation for a variety of claims, which could harm our reputation and adversely affect our business, results of operations and financial condition.
• Subjective estimates and judgments used by management in the preparation of our financial statements, including estimates and judgments that may be required by new or changed accounting standards, may impact our financial condition and results of operations.
• We are subject to income and other taxes in the United States and in various foreign jurisdictions.
• We are subject to various anti-corruption and export laws and regulations, violations of which could have a material adverse effect on our business, financial condition and results of operations.
• Risks Relating to Our Indebtedness and Liquidity
• The amount of our indebtedness and its rating could materially adversely affect our financial condition.
• We may not be able to generate sufficient cash to service all of our indebtedness or repay such indebtedness when due and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.
• The terms of the 2025 Senior Secured Credit Facilities restrict our current and future operations, including our ability to respond to changes or to take certain actions.
• A future increase in interest rates may increase our borrowing costs. We rely on available borrowings under the 2025 Revolving Credit Facility for liquidity.
• Risks Relating to Ownership of Our Common Stock
• The stock price of our common stock may be volatile or may decline regardless of our operating performance.
• We currently do not intend to pay dividends on our common stock, our indebtedness could limit our ability to pay dividends on our common stock and we cannot guarantee that our share repurchase program will be fully consummated or that it will enhance long-term stockholder value.
• Future issuances or sales of our common stock could cause our stock price to decline, result in significant dilution to our stockholders or dilute the voting power of our common stock.
• Risks Relating to Our Organizational Structure
• We rely on dividends, distributions and other payments from our subsidiaries to meet our obligations.
• The Ares Funds continue to control our Company, including having the right to designate nominees for election to our board of directors, and may have interests that conflict with our interests and those of other stockholders.
• Our status as a “Controlled Company” within the meaning of the NYSE rules exempts us from certain corporate governance requirements.
• Certain provisions in our certificate of incorporation and our bylaws may delay or prevent a change of control.
• Our certificate of incorporation provides that the Court of Chancery of the State of Delaware will be the exclusive forum for certain litigation that may be initiated by our stockholders, which could limit stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
• Our certificate of incorporation contains a provision renouncing our interest and expectancy in certain corporate opportunities.
• General Risk Factors
• We depend on our executive officers and other key technical, operational and sales employees, and the loss of one or more of these employees or an inability to attract and retain other highly skilled employees could harm our business.
• We may be unable to maintain an effective system of disclosure controls and procedures or internal control over financial reporting and produce timely and accurate financial statements or comply with applicable regulations.