TDUP Stock Recent News

OAKLAND, Calif., Oct. 07, 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 third quarter ended September 30, 2024 will be released on Monday, November 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.

The Dow Jones index closed higher by around 300 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects.

The Dow Jones index closed lower by more than 600 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects.

TDUP's Q2 2024 revenue, EBITDA loss, and net loss were worse than what the market had expected. ThredUp's decision to part ways with its European business operations will improve its financial profile and throw up potential value-accretive capital allocation opportunities. I have lowered my rating for TDUP to a Hold; this is fair, taking into account both the company's negative results and positive business restructuring moves.

ThredUp Inc. (NASDAQ:TDUP ) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Lauren Frasch - Senior Director of Investor Relations & Strategic Finance James Reinhart - Co-Founder & Chief Executive Officer Sean Sobers - Chief Financial Officer Conference Call Participants Ike Boruchow - Wells Fargo Rick Patel - Raymond James Dylan Carden - William Blair Dana Telsey - Telsey Advisory Group Operator Good day everyone and welcome to today's ThredUp Q2 2024 Earnings Call. At this time, all participants are in a listen-only mode.

ThredUp (TDUP) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.18 per share a year ago.

Amid revenue declines, ThredUp is not anticipating the financial pressure that consumers are feeling let up any time soon. The online consignment and thrift store shared in its second-quarter 2024 earnings results Monday (Aug. 5) that it saw a 4% decline in total revenue year over year, with U.S.

Second quarter revenue of $79.8 million, representing a decrease of 4% year-over-year. Second quarter gross margin of 70.4% and an increase in gross profit of 1% year-over-year.

OAKLAND, Calif.--(BUSINESS WIRE)--ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today unveiled a new suite of AI-powered shopping tools designed to revolutionize the way customers discover unique fashion finds. With these cutting-edge features, ThredUp's marketplace of more than four million items becomes even more personalized and accessible, making it easier and faster for shoppers to find exactly what they're looking for.

OAKLAND, Calif., July 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 second quarter ended June 30, 2024 will be released on Monday, August 5, 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.