Savers Value Village: Canada Headwinds Likely To Drag Down Overall Performance
SVVSavers Value Village(SVV) Seeking Alpha·2024-08-22 21:53
Alistair Berg/DigitalVision via Getty Images Investment overview I give a hold rating for Savers Value Village (NYSE:SVV) as I expect the Canada operations to drag down performance over the foreseeable future as household income gets pressured by higher mortgage rates. While I appreciate the robust US outlook, I don’t think it will be enough to offset the weakness in Canada. Moreover, there are better alternatives if investors want to gain exposure to the US tailwinds. Business description SVV is a lead ...