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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.
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.
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.
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.
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.
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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%.
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.
ThredUp (TDUP) delivered earnings and revenue surprises of 5% and 13.10%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Pre-loved fashion marketplace ThredUp Inc. has seen a huge 10% price rise as I write today. To my mind, this was overdue. ThredUp functions in a promising market, with expected growth of 10-15% over the next decade. Its own past revenues confirm the rising trends.