OAKLAND, Calif., Jan. 06, 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 conference: 27th Annual Needham Growth ConferenceWednesday, January 15, 202512:00 PM - 12:40 PM PT / 3:00 PM - 3:40 PM ET The event will be webcast live on ThredUp’s investor website at https://ir.thredup.com/. A replay wi ...

Core Insights - ThredUp has divested its European business to concentrate on its domestic U.S. market, following a management buyout led by Florin Filote, the new general manager for European operations [1][4][7] Company Overview - Founded in 2009, ThredUp specializes in secondhand clothing and accessories, raising over $300 million prior to its 2021 IPO. However, its market cap has significantly declined from $1.3 billion at IPO to a low of $60 million last month [2] Financial Performance - In Q2 2024, ThredUp reported an 18% year-on-year decline in European revenue to $13 million, with gross profit falling 25% to $3.6 million [3] - Following better-than-expected Q3 earnings, ThredUp's shares surged, bringing its market cap to nearly $200 million [4] Transaction Details - ThredUp confirmed a non-binding agreement for the buyout of Remix, with Filote acquiring 91% of the common stock for just €1, while ThredUp made a final cash investment of $2 million to support Remix as an independent entity [5] - The transaction includes a convertible promissory note issued to ThredUp by Remix for €61.6 million ($64.7 million), representing the investment made by ThredUp since acquiring Remix [6] Strategic Implications - The divestment allows ThredUp to focus on its core U.S. business, with confidence expressed in Remix's future under Filote's leadership [7]

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 ...

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 ...

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 replay will be available for 30 days following the event. 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 conferen ...

ThredUp Inc. (NASDAQ:TDUP) Q1 2024 Earnings Conference Call May 6, 2024 4:30 PM ET Company Participants Lauren Frasch - Senior Director of Investor Relations & Strategic Finance James Reinhart - Co-Founder & CEO Sean Sobers - CFO Conference Call Participants Ike Boruchow - Wells Fargo Dylan Carden - William Blair Rick Patel - Raymond James Anna Andreeva - Needham Operator Good day everyone and welcome to today's ThredUp Q1 2024 Earnings Call. At this time, all participants are in a listen-only mode. [Operat ...

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, 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 ...

Exhibit 99.2 ThredUp Inc. First Quarter 2024 Supplemental Financials Key Financial Metrics for the Quarter 2 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 2024, ThredUp expects: For fiscal year 2024, ThredUp expects: 1 • Revenue of $79.6 million ◦ vs. $75.9 million in 1Q23 ◦ Growth of 4.8% YoY • Gross profit of ...

ThredUp Inc. Exhibit 99.1 ThredUp Inc. Q4 2023 Earnings Call PRESENTATION: Operator^ Good afternoon. My name is Jenny and I will be your conference operator today. At this time, I would like to welcome everyone to the ThredUp Fourth Quarter 2023 Earnings Conference Call. (Operator Instructions) I would now like to hand the conference over to Lauren Frasch, Head of Investor Relations. Please go ahead. Lauren Frasch^ Good afternoon. Thank you for joining us on today's Conference Call to discuss ThredUp's four ...

ThredUp Inc. (NASDAQ:TDUP) Q4 2023 Earnings Conference Call March 4, 2024 4:30 PM ET Company Participants Lauren Frasch - Investor Relations James Reinhart - Chief Executive Officer and Co-Founder Sean Sobers - Chief Financial Officer Conference Call Participants Ike Boruchow - Wells Fargo Anna Andreeva - Needham & Company Tom Nikic - Wedbush Edward Yruma - Piper Sandler Alexandra Steiger - Goldman Sachs Dana Telsey - Telsey Group Operator Good afternoon. My name is Jeremy and I will be your conference oper ...