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., Aug. 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 conferences:

thredUP to Participate in Upcoming Investor Conferences

ThredUP topped estimates and showed signs that its cost-cutting efforts were paying off. The company is still significantly unprofitable and has a long way to go before it's growing and profitable.

Why ThredUP Stock Jumped Today

ThredUp Inc. (NASDAQ:TDUP ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants James Reinhart - Co Founder and Chief Executive Officer Sean Sobers - Chief Financial Officer Alon Rotem - Chief Legal Officer Conference Call Participants Ike Boruchow - Wells Fargo Trevor Young - Barclays Dylan Carden - William Blair Anna Andreeva - Needham & Company Ed Yruma - Piper Sandler Dana Telsey - Telsey Advisory Group Pierre Martinez - Goldman Sachs Ashley Owens - KeyBanc Rick Patel - Raymond James Operator Good afternoon, ladies and gentlemen, and welcome to the thredUP Second Quarter 2023 Results Conference Call. [Operator Instructions] This call is being recorded on Tuesday, 8th of August, 2023.

ThredUp Inc. (TDUP) Q2 2023 Earnings Call Transcript

ThredUp (TDUP) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.29 per share a year ago.

ThredUp (TDUP) Reports Q2 Loss, Tops Revenue Estimates

Report outlines company's business and brand-aligned environmental, social, and governance (ESG) strategy and highlights progress in 2022 OAKLAND, Calif. , July 26, 2023 /PRNewswire/ -- thredUP  (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today released its second annual Impact Report.

thredUP Releases Second Annual Impact Report

NASHVILLE, Tenn. & OAKLAND, Calif.--(BUSINESS WIRE)--Journeys Announces “Journeys Second-Hand,” a Resale Program Enabled by thredUP's Resale-as-a-Service®.

Journeys Announces "Journeys Second-Hand," a Resale Program Enabled by thredUP's Resale-as-a-Service®

ThredUp is well-positioned to capture growth in the US soft lines resale market, which is expected to grow at a CAGR of approximately 30% by 2027. The acquisition of Remix has expanded ThredUp's total addressable market and provides access to the $24.7 billion European secondhand and resale market. The Company's Retail-as-a-Service Strategy provides another revenue stream, with the potential to boost consignment sales in the long term as brands switch their RaaS business to a consignment model.

ThredUp: Growth Levers In Place

OAKLAND, Calif., July 11, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the second quarter ended June 30, 2023 will be released on Tuesday, August 8, 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 Second Quarter 2023 Financial Results on August 8, 2023

ThredUp is the largest fashion resale e-commerce platform and has created a moat for itself in a tough market with an ASP of under $20. It reported strong Q1 results and raised its guidance for the year and expects to achieve EBITDA breakeven by year-end. We believe its initiatives including making processing fees supply-weighted, partnerships with brands driving upscaled shoppers, as well as automation perfectly positions them for the next leg of growth.

ThredUp: Nearing EBITDA Inflection, Initiate At Buy

OAKLAND, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today announced that CEO and co-founder James Reinhart and CFO Sean Sobers will participate in the following investor conference:

thredUP to Participate in William Blair Conference

ThredUp Inc. (NASDAQ:TDUP ) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET Company Participants Lauren Frasch - Head, IR James Reinhart - CEO and Co-Founder Sean Sobers - CFO Conference Call Participants Ike Boruchow - Wells Fargo Tom Nikic - Wedbush Dylan Carden - William Blair Anna Andreeva - Needham & Company Alexandra Steiger - Goldman Sachs Trevor Young - Barclays Rick Patel - Raymond James Ed Yruma - Piper Sandler Lauren Schenk - Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to the thredUP Q1 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded today, Tuesday, May 9, 2023.

ThredUp Inc. (TDUP) Q1 2023 Earnings Call Transcript

ThredUp (TDUP) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.21 per share a year ago.

ThredUp (TDUP) Reports Q1 Loss, Tops Revenue Estimates

OAKLAND, Calif., May 09, 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 first quarter ended March 31, 2023.

thredUP Announces First Quarter 2023 Results

ThredUp is listing on the Long Term Stock Exchange, which is designed to promote sustainable principles and a long-term focus among investors and businesses.

ThredUp to list on alternative stock exchange: 'We're here to make a difference,' CEO says

OAKLAND, Calif. , May 9, 2023 /PRNewswire/ --  thredUP , the largest online resale platform for apparel, shoes, and accessories, today announced that it has dual listed its Class A common stock on the Long-Term Stock Exchange (LTSE), a subsidiary of LTSE Group.

thredUP Dual Lists on Long-Term Stock Exchange, Bolstering ESG Commitment

American Eagle Outfitters

NEW YORK--(BUSINESS WIRE)--American Eagle Outfitters, Inc. (NYSE: AEO) and thredUP (NASDAQ: TDUP) announced today the launch of RE/AE, a resale shop of secondhand and exclusive vintage American Eagle (AE) clothing, curated by the brand, and available for purchase at ae.thredup.com. RE/AE is powered by thredUP's Resale-as-a-Service® (RaaS®), which enables the world's leading fashion brands and retailers to deliver customizable, scalable resale experiences to their customers.

American Eagle Celebrates Earth Day With the Unveiling of RE/AE, a Digital Resale Shop Enabled by thredUP's Resale-as-a-Service®

OAKLAND, Calif., April 11, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: 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, 2023 will be released on Tuesday, May 9, 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 First Quarter 2023 Financial Results on May 9, 2023

The handbag and accessory brand Patricia Nash is now using thredUP's Resale-as-a-Service (RaaS) offering. With the launch of its new Rediscovered program, Patricia Nash joins 40 other brands offering resale programs through the fashion resale site's RaaS offering, Patricia Nash said in a Monday (April 10) press release.

Patricia Nash Launches Resale Program Powered by thredUP

ThredUP's 2023 annual resale report predicts that secondhand by 2027 will reach $350 billion, and the U.S.market is expected to grow to $70 billion.

ThredUp Launches New Fashion Footprint Calculator

New study finds more than half of consumers shopped secondhand apparel in 2022; 1 in 3 apparel items purchased in 2022 was secondhand. The U.S. secondhand apparel market is projected to reach $70 billion by 2027.

thredUP's 11th Annual Resale Report Reveals Consumers Continue to Embrace Secondhand Amid Economic Uncertainty

Sellers on fashion resale site ThredUp are reportedly fed up with long processing waits. The online consignment shop has for years offered customers Clean Out Kits, which lets them send in old clothing and accessories for ThredUp to resell.

ThredUp Sellers Needled by Inventory Backlog

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ThredUp (NASDAQ: TDUP ) stock is up by over 50% after the online clothing resale company reported its fourth quarter and full-year 2022 earnings. For Q4, revenue tallied in at $71.3 million, which fell 2% year-over-year (YOY) but still beat the Zacks Consensus Estimate by 13.10%.

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thredUp Inc. (NASDAQ:TDUP ) Q4 2022 Earnings Conference Call March 6, 2023 4:30 PM ET Company Participants Lauren Frasch - Head, Investor Relations James Reinhart - Co-Founder and CEO Sean Sobers - Chief Financial Officer Conference Call Participants Trevor Young - Barclays Kate Fitzsimons - Wells Fargo Anna Andreeva - Needham & Company Dylan Carden - William Blair Alexandra Steiger - Goldman Sachs Tom Nikic - Wedbush Securities Rick Patel - Raymond James Blake Anderson - Jefferies Ed Yruma - Piper Sandler Dana Telsey - Telsey Advisory Group Operator Good afternoon, ladies and gentlemen. And welcome to the thredUp Q4 2022 Earnings Conference Call.

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