TDUP Stock Recent News

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).

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 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.

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 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.

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.

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 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.

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.

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.