thredUP

thredUP, Inc. operates as an online clothing resale shop. It also provides shoes and handbags. The firm sells its products under the brand names J. Crew, Ann Taylor LOFT, Banana Republic, BCBGMAXAZRIA, Lululemon Athletica, Talbots, Free People, Lilly Pulitzer, and Madewell. The company was founded by James Reinhart, Chris Homer, and Oliver Lubin in January 2009 and is headquartered in Oakland, CA.

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thredUP reports solid Q4 results, eyes profitability amid market challenges

thredUP's Q4 2022 performance showed revenue growth and margin stability, with a focus on profitability.
Challenges include adjusting to changing consumer behavior and competitive promotional environments.
Opportunities lie in market optimism for resale growth, customer acquisition, and margin enhancement.
Strategic investments in operational efficiency and marketing effectiveness drive towards breakeven goals.

thredUP reports Q1 growth and operational focus for future success

thredUP's Q1 performance showed revenue growth, improved margins, and active buyer stability, with a focus on enhancing customer satisfaction and monetization.
While facing challenges in gross margins and processing times, the company is leveraging strengths in premium brand focus, cost control, and customer engagement dynamics.
Opportunities lie in cost reduction, customer segment growth, and sustained investor interest, positioning thredUP for continued strategic progress and operational success.

ThredUP reports revenue growth and margin improvement, eyes profitability

ThredUP reported solid financial performance with revenue growth and margin improvement, aiming for adjusted EBITDA breakeven in Q4 2023.
Strategic initiatives driving growth include marketplace acceptance, customer satisfaction, and expansion of Resale-as-a-Service.
Challenges lie in transitioning business models in Europe, managing competitive pressures, and adapting practices for different markets.
Opportunities exist in expanding distribution centers, adding new RaaS clients, and leveraging successful strategies for sustained growth.

ThredUp reports robust Q3 results, navigates challenges with strategic focus

ThredUp's Q3 performance reflects operational strength and strategic resilience amidst market challenges.
The company's focus on active buyer growth, margin expansion, and premium customer segments positions it for long-term success.
While facing near-term headwinds, ThredUp's strategic initiatives and evolving strategies present growth opportunities in a competitive market.

ThredUP reports revenue growth and margin improvement, eyes EBITDA breakeven

ThredUP's Q4 showed revenue growth and margin improvement, with a focus on achieving EBITDA breakeven in 2024.
Strategic AI initiatives and a shift to consignment present growth opportunities.
Challenges include consumer-related factors, but confidence in maintaining growth remains.
Overall, ThredUP is optimistic about 2024 based on past performance and strategic direction.

ThredUp reports Q1 growth, aims for AI transformation and profitability

ThredUp's Q1 performance reflects revenue growth, improved margins, and a strategic shift towards AI-powered operations.
The company's strengths include operational achievements, sustainability initiatives, and positive financial outlook for 2024.
Challenges include revenue uncertainties, marketing spend optimization, and balancing growth with profitability.
Opportunities exist in expanding services, leveraging AI technology, achieving financial stability, and driving brand growth.

ThredUp to divest EU business, focuses on U.S. growth

ThredUp faced challenges in Q2 but is taking strategic steps to address them, including divesting the EU business and focusing on the U.S. market. The company aims for EBITDA positivity in the U.S. and anticipates revenue declines in Q3 and Q4.

ThredUp excels in Q3, focuses on U.S. growth post-EU exit

ThredUp's Q3 performance in the U.S. was robust, with a focus on customer experience and operational improvements.
Exiting the European market and emphasizing U.S. operations signal a strategic shift towards growth and efficiency.
Investments in AI technology and a strong core business position ThredUp well for future revenue growth and profitability.

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thredUP, Inc. operates as an online clothing resale platform for apparel, shoes, and accessories. Its brands include J.Crew, Ann Taylor, Banana Republic, Lululemon Athletica, Talbots, and Madewell. It operates through the United States and Others geographical segments. The company was founded by James Reinhart, Chris Homer, and Oliver Lubin in January 2009 and is headquartered in Oakland, CA.

OAKLAND, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today its financial results for the first quarter ended March 31, 2024 and updated full year 2024 financial outlook.

ThredUp Announces First Quarter 2024 Results

OAKLAND, Calif. & SOFIA, Bulgaria--(BUSINESS WIRE)--ThredUp (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today announced the appointment of Florin Filote as the company's General Manager of Europe. With nearly two decades of experience in retail and ecommerce with an emphasis on building and scaling marketplace businesses, Filote will oversee the company's European business operations, which currently span nine countries in Central.

Florin Filote joins ThredUp as General Manager of Europe

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OAKLAND, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the first quarter ended March 31, 2024 will be released on Monday, May 6, 2024 after the close of the U.S. markets. ThredUp will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.

ThredUp to Report First Quarter 2024 Financial Results on May 6, 2024

OAKLAND, Calif.--(BUSINESS WIRE)--ThredUp (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today released the results of its 2024 Resale Report. Conducted by third-party retail analytics firm GlobalData, the 12th annual study serves as the most comprehensive measure of the secondhand market globally and in the U.S., with forward looking projections through 2033. It also includes new insights about trends driving online resale's growth,.

ThredUp's 12th Annual Resale Report Reveals Resale Grew 15X Faster than Retail in 2023

The online thrift store has decided to move away from purchasing inventory and instead grow its consignment revenue in Europe, Chief Executive James Reinhart said.

ThredUp Looks to Match Europe, U.S. Operations

OAKLAND, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that CEO and co-founder James Reinhart and CFO Sean Sobers will participate in the following investor conference:

ThredUp to Participate in Morgan Stanley Conference

ThredUp Inc. (NASDAQ:TDUP ) Q4 2023 Earnings Conference Call March 4, 2024 4:30 PM ET Company Participants Lauren Frasch - Investor Relations James Reinhart - Chief Executive Officer and Co-Founder Sean Sobers - Chief Financial Officer Conference Call Participants Ike Boruchow - Wells Fargo Anna Andreeva - Needham & Company Tom Nikic - Wedbush Edward Yruma - Piper Sandler Alexandra Steiger - Goldman Sachs Dana Telsey - Telsey Group Operator Good afternoon. My name is Jeremy and I will be your conference operator today.

ThredUp Inc. (TDUP) Q4 2023 Earnings Call Transcript

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With clothing demand still muted, online styling service Stitch Fix Inc. on Monday said it was trying to become a more “fun” destination for customers, while online second-hand shop ThredUp Inc. has been trying to make a bigger push into consignment sales.

Stitch Fix and ThredUp shares fall, as both companies navigate ambitious transitions

Although the revenue and EPS for ThredUp (TDUP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

ThredUp (TDUP) Reports Q4 Earnings: What Key Metrics Have to Say

ThredUp (TDUP) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.19 per share a year ago.

ThredUp (TDUP) Reports Q4 Loss, Tops Revenue Estimates

OAKLAND, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

ThredUp Announces Fourth Quarter and Full Year 2023 Results

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OAKLAND, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the fourth quarter and full year ended December 31, 2023 will be released on Monday, March 4, 2024 after the close of the U.S. markets. ThredUp will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.

ThredUp to Report Fourth Quarter and Full Year 2023 Financial Results on March 4, 2024

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NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ThredUp Inc. ("ThredUp" or the "Company") (NASDAQ: TDUP). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ThredUp Inc. - TDUP

OAKLAND, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that CEO and co-founder James Reinhart and CFO Sean Sobers will participate in the following investor conference:

thredUP to Participate in Barclays Conference

Revenue growth is going strong at 21%, but ThredUp is still reporting losses. Guidance points to a decline in revenue during the holidays, which can't be a good sign for a retailer.

Why ThredUp Stock Plunged 36% Today

ThredUP is reeling in a more upscale clientele.   “We've done a really good job as a team of focusing more of our buyer efforts on a slightly more premium shopper,” said thredUP's CEO James Reinhart during the company's Q3 2023 earnings call on Monday (Nov. 6).

ThredUP Says It's Reeling in Premium Shoppers

Although the revenue and EPS for ThredUp (TDUP) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

ThredUp (TDUP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

ThredUp Inc. (NASDAQ:TDUP ) Q3 2023 Earnings Conference Call November 6, 2023 4:30 PM ET Company Participants Lauren Frasch - Senior Director of Investor Relations and Strategic Finance James Reinhart - Co-Founder and Chief Executive Officer Sean Sobers - Chief Financial Officer Conference Call Participants Irwin Boruchow - Wells Fargo Securities, LLC Dylan Carden - William Blair & Company, LLC Edward Yruma - Piper Sandler & Co. Trevor Young - Barclays Bank PLC Anna Andreeva - Needham & Company, LLC Tom Nikic - Wedbush Securities Inc. Dana Telsey - Telsey Advisory Group Alexandra Steiger - Goldman Sachs Group Nathan Feather - Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to the ThredUp Q3 2023 Results Conference Call. At this time, all lines are in a listen-only mode.

ThredUp Inc. (TDUP) Q3 2023 Earnings Call Transcript

OAKLAND, Calif., Nov. 06, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today its financial results for the third quarter ended September 30, 2023.

thredUP Announces Third Quarter 2023 Results

OAKLAND, Calif., Oct. 09, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the third quarter ended September 30, 2023 will be released on Monday, November 6, 2023 after the close of the U.S. markets. thredUP will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.

thredUP to Report Third Quarter 2023 Financial Results on November 6, 2023

ThredUp Inc. move to place a stronger emphasis on more well-to-do consumers should allow it to maintain robust top line expansion even if the economy weakens. ThredUp thinks it can achieve EBITDA breakeven in Q4 2023 and generate positive EBITDA for full-year FY 2023. I change my rating for ThredUp Inc. to a Buy, as I think that its undemanding valuations aren't reflective of its decent revenue growth and operating profitability improvement.

ThredUp: Consider Consumer Segment Focus And Profitability Target

The RealReal

For millions, shopping thrift has become second nature. And this demand is altering what secondhand represents to many, as prices climb and outlets become saturated.

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