ThredUp (TDUP) FY Conference June 04, 2025 04:20 PM ET Speaker0 Nice. Military. I am Dylan Carden. I cover ThredUP for William Blair. There are disclosures on our website as it relates to compliance. We have James Reinhart, Sean Sobers, CEO and CFO respectively of the company. We're going to do this as a fireside chat, and let's begin. So because this is a generalist audience, I know you've been here several years, but, you know, every CEO should be able to pitch their business in two minutes. Just overview ...

ThredUp (TDUP) FY Conference Summary Company Overview - **Company**: ThredUp (TDUP) - **Industry**: Resale and second-hand apparel market - **Founded**: February 2009 - **CEO**: James Reinhart Key Financial Metrics - **Q1 Revenue**: $71 million - **Gross Margins**: 79% - **EBITDA Margin**: 5% - **Stock Performance**: Up over 400% year-to-date [3][14][15] Core Business Insights - ThredUp aims to transform the resale sector by leveraging technology to create the world's largest resale platform for apparel, shoes, and accessories [2][3]. - The company has processed over 200 unique second-hand items, indicating a significant scale in operations [3]. - ThredUp has achieved seven consecutive quarters of EBITDA positivity and has been cash generative for several quarters [14][15]. Market Dynamics - The resale industry has seen a shift from growth at all costs to a more disciplined approach focusing on profitability [11][14]. - The second-hand market is expected to grow at strong double-digit rates, driven by changing consumer behaviors, particularly among younger generations who view second-hand shopping as a norm [42][43]. - The company has positioned itself to benefit from potential increases in new apparel prices due to tariffs, making ThredUp a more attractive option for consumers [39][40]. Competitive Landscape - ThredUp competes with off-price retailers like TJ Maxx, but there are no current merger plans [20][21]. - The company has established itself as a marketplace rather than a traditional retailer, which provides competitive advantages [62][64]. - The rise of peer-to-peer platforms may lead to a race to zero in seller fees, impacting the overall market dynamics [48][50]. Technological Advancements - ThredUp has invested heavily in AI to improve product discoverability and customer experience, resulting in significant improvements in conversion rates [27][29][55]. - The implementation of AI-driven search capabilities has allowed for better tagging and personalization of products, enhancing the shopping experience [27][29]. - The company has seen a 95% year-over-year growth in new customer acquisition, indicating successful marketing and product strategies [18][19]. Consumer Behavior Trends - Consumers are increasingly seeking convenience, leading to a preference for platforms that simplify the selling and buying process [35][51]. - The company anticipates that the trend of laziness among consumers will continue, necessitating a focus on making the resale process as easy as possible [35][51]. Challenges and Future Outlook - The CEO acknowledges the challenges faced in the past, particularly with international operations, but is optimistic about focusing on the U.S. market moving forward [79][80]. - ThredUp's future growth will depend on its ability to leverage technology and maintain a competitive edge in the evolving resale market [80]. Additional Insights - The company has been a pioneer in the "resale as a service" (RAS) model, collaborating with various brands to enhance its market presence [24][25]. - ThredUp's efforts to destigmatize second-hand shopping have contributed to its growth and acceptance in the mainstream market [25][26]. This summary encapsulates the key points discussed during the ThredUp FY Conference, highlighting the company's performance, market dynamics, technological advancements, and future outlook.

ThredUp NASDAQ: TDUP is not a technology company per se, nor an AI-specific play, but it is a poster child representing what AI can do for a business. At face value, the lean into AI, including front- and back-of-house operations, has lifted the stock’s price from penny stock territory, gaining roughly 1,000% in less than 12 months, and has it on track to double again in the coming quarters.  ThredUp TodayTDUPThredUp$7.34 -0.02 (-0.26%) 52-Week Range$0.50▼$7.61Price Target$7.25Add to WatchlistSo what does ...

OAKLAND, Calif., May 20, 2025 (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: TD Cowen 9th Annual Future of the Consumer ConferenceTuesday, June 3, 20251:15 PM - 1:45 PM PT / 4:15 PM - 4:45 PM ET William Blair 45th Annual Growth Stock ConferenceWednesday, June 4, 20251:20 PM - 1:50 PM PT ...

Core Insights - ThredUP reported better-than-expected first-quarter earnings, indicating a growing consumer preference for secondhand clothing, with CEO James Reinhart suggesting that proposed tariffs on Chinese imports could further enhance this trend [1][3]. Financial Performance - ThredUP's revenue for Q1 reached $71.3 million, a 10.5% increase year-over-year and approximately 4% above Wall Street estimates [2] - The gross margin remained strong at 79%, with an adjusted EBITDA profit of $3.8 million, a significant improvement from the previous year's losses [2] - The net loss narrowed to $5.2 million, or $0.04 per share, and the company raised its full-year sales outlook to about $286 million, up from $275 million [2] Market Dynamics - The tightening of the "de minimis" exemption and potential broader apparel tariffs could increase the cost of new clothing, making ThredUP's secondhand offerings more attractive to consumers [3] - Higher import duties may also create a more competitive marketing environment, as major advertisers like Shein and Temu have reduced spending, leading to lower customer-acquisition costs for ThredUP [4] User Engagement - ThredUP experienced a 6% increase in active buyers, reaching 1.37 million, with new-buyer additions surging by 95%, marking the best quarter in the company's history [5] - The implementation of AI search tools, including "Shop Similar" and visual-search features, has improved conversion rates and enhanced the shopping experience [5] Market Reaction - Following the positive earnings report, ThredUP's shares rose nearly 16% in after-hours trading, reflecting investor optimism [6]

ThredUp (TDUP) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Lauren Frasch - Senior Director, IR & Strategic FinanceJames Reinhart - Co-Founder, CEO & DirectorSean Sobers - CFODana Telsey - CEO and Chief Research OfficerKunal Madhukar - Managing Director Conference Call Participants Ike Boruchow - Managing Director: Senior Analyst - Retailing, Specialty Softlines and E-commerceDylan Carden - Research AnalystBernie Mcternan - Senior Research Analyst Operator Good afternoon, ladies and g ...

ThredUp (TDUP) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Speaker0 Good afternoon, ladies and gentlemen, and welcome to the ThredUP First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Monday, May fifth of twenty twenty five. I would now like to turn the conference over to Lauren Fresh. Please go ahead. Speaker1 Good afternoon, everyone, and tha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40249 969 Broadway, Suite 200 Oakland, California 94607 (Address of principal executi ...

INVESTOR PRESENTATION First Quarter 2025 © THREDUP The following contains confidential information. Do not distribute without permission. Safe harbor This presentation and the accompanying oral commentary contains forward-looking statements within the meaning of the federal securities laws, which are statements that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forwar ...

Exhibit 99.2 ThredUp Inc. First Quarter 2025 Supplemental Financials All results reported are for continuing operations, unless otherwise noted. Key Financial Metrics for the Quarter Conference Call and Webcast • The live and archived webcast and all related earnings materials will be available at ThredUp's investor relations website: ir.thredup.com/news- events/events-and-presentations. Financial Outlook For second quarter 2025, ThredUp expects: 2 | | | | | | | ThredUp Inc. | | | | | | | | --- | --- | --- ...