SVV: revenue $448.2M, net income $21.6M. SVV Q2 revenue +7.4%, operating income +24% on margin gains; material IT weakness remediated

Filed August 6, 2026 · Period ending July 4, 2026 · Compared to 10-Q Jul 31, 2025 · ~1 min read

Key Changes

• high

  Operating income rose 24% to $42.2M (9.4% margin) in Q2 FY25, driven by 170bp improvement in cost of merchandise sold to 43.1% of sales, reversing prior year's 270bp deterioration.

  MD&A: Operating Results verify on EDGAR →
• high

  Material weakness in IT general controls (user access, program change-management) remediated; disclosure controls now effective as of July 4, 2026, ending prior-period qualification.

  Controls and Procedures verify on EDGAR →
• high

  OSD and GreenDrop supply mix improved 640bp to 84.9% of total pounds processed (Q2) from 78.5% prior year, supporting gross margin expansion through higher-quality, lower-cost supply channels.

  MD&A: Supply Mix verify on EDGAR →