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The acquisition of a peer lifted shares of the online resale business.
Enlisting the help of famous Gen Z breakout star Priah Ferguson of “Stranger Things,” the thrift giant has launched a confessional that aims to to break GenZ of its wasteful habit.
Despite reporting a record gross margin in the U.S., thredUP is laying off 15% of its workforce after a big earnings miss.
A relief rally is driving the second-hand apparel purveyor higher.
Clothing reseller thredUP saw double-digit percentage increases in the number of orders and buyers on its platform during the second quarter. The company had 1.7 million active buyers and 1.7 million orders during the quarter, which represented respective year-over-year growth of 29% and 40%, according to a Monday (Aug. 15) press release.
ThredUp Inc. (NASDAQ:TDUP ) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants James Reinhart – Chief Executive Officer and Co-Founder Sean Sobers – Chief Financial Officer Conference Call Participants Trevor Young – Barclays Edward Yruma – Piper Sandler Tom Nikic – Wedbush Securities Lauren Schenk – Morgan Stanley Anna Andreeva – Needham & Company Dana Telsey – Telsey Advisory Group Ashley Helgans – Jefferies Alexandra Steiger – Goldman Sachs Dylan Carden – William Blair & Company Noah Zatzkin – KeyBanc Capital Markets Rick Patel – Raymond James Operator Good afternoon and thank you for joining us on today's conference call to discuss ThredUp Second Quarter 2022 Financial Results. With us are James Reinhart, ThredUp's CEO and Co-Founder; and Sean Sobers, CFO.
ThredUp (TDUP) delivered earnings and revenue surprises of -26.09% and 0.25%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
ThredUp's new chief marketing officer is targeting younger customers.
OAKLAND, Calif., July 18, 2022 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for women's and kids' apparel, shoes, and accessories, announced today that its financial results for the second quarter ended June 30, 2022 will be released on Monday, August 15, 2022 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.
A new thrifter consumer segment is emerging that threatens to disrupt the fashion industry. ThredUp offers fashion brands a simple way to meet thrifters's demand for more value and sustainability in fashion.