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ThredUp(TDUP) - 2024 Q3 - Quarterly Results
2024-11-04 21:12
Exhibit 99.2 ThredUp Inc. Third Quarter 2024 Supplemental Financials Consolidated (US + EU) Key Financial | --- | --- | --- | |-------|-------|--------------------------------------------------------------------------------------------------------------------| | | | Metrics for the Quarter | | • | | Total revenue of $73.0 million | | | ◦ | vs. $82.0 million in 3Q23 | | | ◦ | Decline of 11.0% YoY | | • | | Gross profit of $52.0 million | | | ◦ | vs. $56.6 million in 3Q23 | | | ◦ | Decline of 8.2% YoY | | • | ...
ThredUp Announces Third Quarter 2024 Results
GlobeNewswire News Room· 2024-11-04 21:05
Third quarter Total revenue of $73.0 million, a decrease of 11% year-over-year. U.S. Total revenue of $61.5 million, a decrease of 10% year-over-year. Third quarter Gross margin of 71.2% and a decrease in Gross profit of 8% year-over-year. U.S. Gross margin of 79.3% and a decrease in U.S. Gross profit of 9% year-over-year. Active Buyers of 1.632 million and Orders of 1.553 million in Q3 2024, representing decreases of 7% and 14%, respectively, year-over-year. U.S. Active Buyers of 1.248 million and Orders o ...
ThredUp to Report Third Quarter 2024 Financial Results on November 4, 2024
GlobeNewswire News Room· 2024-10-07 20:05
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 live and archived webcast and all related earnings materials will be availa ...
ThredUp: Results Miss And Europe Exit Draw Attention (Rating Downgrade)
Seeking Alpha· 2024-08-07 10:53
Jorg Greuel/DigitalVision via Getty Images I downgraded my rating for ThredUp Inc. (NASDAQ:TDUP) stock to a Hold. TDUP is no longer deserving of a Buy, after assessing its second quarter metrics and its full-year prospects. But ThredUp's move to leave the European market will enhance its future financial profile and possibly allow for value-accretive capital allocation opportunities. This explains why a Sell rating for TDUP isn't warranted. My earlier March 7, 2024 update touched on ThredUp's performance fo ...
ThredUp(TDUP) - 2024 Q2 - Earnings Call Transcript
2024-08-06 03:05
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 ti ...
ThredUp(TDUP) - 2024 Q2 - Quarterly Report
2024-08-05 20:18
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 June 30, 2024 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 ThredUp Inc. (Exact name of registrant as specified in its charter) Delaware 26- ...
ThredUp(TDUP) - 2024 Q2 - Quarterly Results
2024-08-05 20:09
Exhibit 99.2 ThredUp Inc. Second Quarter 2024 Supplemental Financials Key Financial Metrics for the Quarter • Revenue of $79.8 million ◦ vs. $82.7 million in 2Q23 ◦ Decline of 3.5% YoY • Gross profit of $56.1 million ◦ vs. $55.7 million in 2Q23 ◦ Growth of 0.7% YoY • Gross margin of 70.4% ◦ vs. 67.4% in 2Q23 • GAAP net loss of $14.0 million ◦ vs. net loss of $18.8 million in 2Q23 • Adjusted EBITDA loss of $1.5 million ◦ vs. loss of $5.0 million in 2Q23 • Adjusted EBITDA loss margin of 1.9% ◦ vs. loss margin ...
ThredUp to Report Second Quarter 2024 Financial Results on August 5, 2024
Newsfilter· 2024-07-08 20:05
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. About ThredUp Media Contact Laura Hogya media@thredup.com 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 Mond ...
ThredUp to Report Second Quarter 2024 Financial Results on August 5, 2024
GlobeNewswire News Room· 2024-07-08 20:05
Investor Contact Lauren Frasch ir@thredup.com 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. About ThredUp Media Contact Laura Hogya ...
ThredUp to Participate in William Blair Conference
Newsfilter· 2024-05-22 20:05
OAKLAND, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- ThredUp (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 conference: William Blair 44th Annual Growth Stock Conference Wednesday, June 5, 2024 8:40 AM - 9:10 AM PT / 11:40 AM - 12:10 PM ET The event will be webcast live on ThredUp's investor website at https://ir.thredup.com/. A repl ...