Core Insights - ThredUp announced the appointment of Kelly Bodnar Battles to its Board of Directors, effective December 1, 2025 [1] - Battles will take on the role of Audit Committee Chair, indicating a focus on enhancing financial governance within the company [1] Company Developments - The appointment of Battles reflects ThredUp's commitment to strengthening its financial governance as it accelerates its growth strategy [1]

Core Insights - Dillard's reported a rise in net income and sales for the third quarter, indicating strong performance in a competitive retail environment [1][2] Financial Performance - The company posted net income of $129.8 million, or $8.31 per share, reflecting a 4.2% increase from $124.6 million, or $7.73 per share, in the same period last year [2] - Total retail sales increased by 3% to $1.4 billion from $1.36 billion in the prior year [2] - Comparable-store sales also rose by 3% [2] - Retail gross margin improved to 45.3% of sales, up from 44.5% in the previous year [4] Sales by Category - Significant increases were noted in women's apparel, accessories, lingerie, juniors', and children's apparel compared to the prior year [3] - Moderate sales growth was observed in shoes, while slight increases were seen in home, furniture, men's apparel, accessories, and cosmetics [3] Operational Insights - The company plans to close its 240,000-square-foot store in Plano, Texas, in January, while currently operating 272 Dillard's stores, including 28 clearance centers across 30 states [5] - CEO William Dillard 2nd expressed optimism about sales strength continuing through the holiday season [4] Market Position - Neil Saunders from GlobalData praised Dillard's for its merchandising and execution, noting that the results highlight the department store's ability to drive growth in a challenging sector [6] - The growth in retail revenue, while not extraordinary at 3.3%, is considered respectable, especially with rising margins and profitability [6] - The ability to encourage shoppers to buy across multiple departments is seen as a key factor in Dillard's success [6]

Core Insights - Dillard's, Inc. reported stronger-than-expected third-quarter results, with earnings per share of $8.31, surpassing the analyst consensus estimate of $5.79 [1] - The company demonstrated solid retail momentum, with quarterly sales of $1.469 billion exceeding the expected $1.438 billion [2] - Dillard's outlined a disciplined spending outlook for the upcoming year, indicating a focus on maintaining financial health [1] Financial Performance - Total retail sales and comparable store sales each increased by 3% [2] - Retail gross margin improved to 45.3% of sales, up from 44.5% [2] - Operating expenses rose to $440.4 million, representing 30.0% of sales, compared to $418.9 million or 29.4% of sales previously [2] Sales Breakdown - Significant year-over-year sales growth was observed in ladies' accessories and lingerie, juniors' and children's apparel, and ladies' apparel [3] - Moderate growth was noted in shoes, while home and furniture, men's apparel and accessories, and cosmetics experienced slight gains [3] - Inventory increased by 2% year-over-year as of November 1 [3] Balance Sheet Metrics - Dillard's ended the quarter with cash and equivalents totaling $1.149 billion [4] - Merchandise inventories rose to $1.718 billion from $1.682 billion a year ago [4] - Long-term debt decreased to $225.7 million from $321.6 million [4] Future Outlook - The company projected depreciation and amortization at $180 million for the year ending January 31, 2026, slightly above the previous year's $178 million [5] - Rental expense is expected to be $20 million, down from $21 million in the prior year [5] - Capital expenditures are forecasted at $100 million, a decrease from the actual spending of $105 million last year [5] Stock Performance - Dillard's shares rose by 9.69% to $664.70 in premarket trading [6]

Core Insights - On Holding AG reported record net sales and profitability for the third quarter and nine-month period ended September 30, 2025, driven by strong global demand and effective execution of strategic priorities [3][4][7]. Financial Performance - Net sales increased by 24.9% year-over-year to CHF 794.4 million, and by 34.5% on a constant currency basis [3][5]. - Direct-to-Consumer (DTC) sales channel net sales rose by 27.6% to CHF 314.7 million, or by 37.5% on a constant currency basis [5][36]. - Wholesale sales channel net sales increased by 23.3% to CHF 479.6 million, or by 32.5% on a constant currency basis [5][36]. - Gross profit margin reached a new high of 65.7%, up 510 basis points year-over-year, reflecting operational efficiencies and favorable foreign exchange effects [3][5]. - Adjusted EBITDA increased by 49.8% to CHF 179.9 million, with an adjusted EBITDA margin of 22.6% [5][28]. Regional Performance - The Asia-Pacific region experienced a remarkable net sales increase of 94.2%, with a constant currency growth of 109.2% [5][39]. - Net sales in Europe, Middle East, and Africa (EMEA) rose by 28.6% to CHF 213.3 million, while the Americas saw a 10.3% increase to CHF 436.2 million [5][39]. Product Category Growth - Apparel category net sales surged by 86.9%, or 100.2% on a constant currency basis, indicating strong demand across all channels and regions [3][5]. - Net sales from shoes, apparel, and accessories increased by 21.1%, 86.9%, and 145.3%, respectively [5][36]. Strategic Outlook - Following the strong performance, On raised its full-year 2025 guidance, expecting constant currency net sales growth of 34% year-over-year, implying reported net sales of CHF 2.98 billion [3][11]. - The gross profit margin outlook is now around 62.5%, reflecting sustainable efficiencies and a favorable cost environment [3][11].

Core Insights - ThredUp Inc. reported its financial results for Q3 2025, showcasing a fourth consecutive quarter of accelerating revenue growth, driven by new buyer acquisition and order growth [2][3] - The company launched a fully rebranded experience, enhancing its platform with new products and features aimed at creating a more personalized shopping experience [3] Financial Highlights - Q3 2025 revenue reached $82.2 million, marking a 34% increase year-over-year [6][7] - Gross profit for the quarter was $65.2 million, also up 34% year-over-year, with a gross margin of 79.4% [6][7] - Active buyers totaled 1.57 million, reflecting a 26% year-over-year growth, with new buyer growth at 54%, the highest in the company's history [6][7] Financial Outlook - For Q4 2025, ThredUp expects revenue in the range of $76.0 million to $78.0 million, representing a 14% year-over-year increase at the midpoint [7] - The full fiscal year 2025 revenue is projected to be between $307.0 million and $309.0 million, an 18% year-over-year increase at the midpoint [7] Operational Metrics - Adjusted EBITDA from continuing operations for Q3 2025 was $3.8 million, or 4.6% of revenue, compared to $0.3 million, or 0.5% of revenue, in Q3 2024 [7][17] - The company ended Q3 2025 with cash and cash equivalents of $56.1 million, consistent with the previous quarter [6] Market Position - ThredUp is positioned as one of the largest online resale platforms for apparel, shoes, and accessories, emphasizing sustainability and value for consumers [19] - The company has processed over 200 million unique secondhand items, indicating a strong operational capacity and market presence [19]

Core Insights - Optimist Fund reported a return of +9.1% in Q3 2025, outperforming the benchmark return of 7.9% [1] - The fund is focusing on cyclical holdings that have experienced multi-year downswings while also paying attention to developments in AI [1] Company Performance - ThredUp Inc. (NASDAQ:TDUP) is highlighted as a key stock, with a one-month return of -8.59% but a remarkable 1,458.21% increase in value over the past 52 weeks [2] - As of October 30, 2025, ThredUp's stock closed at $8.62 per share, with a market capitalization of $1.062 billion [2] - ThredUp's revenue grew by 16% year-over-year to $77.7 million, marking its fastest growth in several years, and adjusted EBITDA increased by approximately 100% year-over-year [3] Market Position - ThredUp Inc. was held by 25 hedge fund portfolios at the end of Q2 2025, an increase from 13 in the previous quarter [4] - Despite its growth potential, the company is not among the 30 most popular stocks among hedge funds, and certain AI stocks are considered to have greater upside potential with less downside risk [4]

Product Issue - Swiss shoe company On is facing a lawsuit due to squeaky shoes [1] - Customers allege the squeak is noisy and embarrassing [1] - On has allegedly refused compensation, leaving customers to fix the issue themselves [1] Company Response - On has refused to comment on the lawsuit [1]

Core Insights - ThredUp released its 2025 Holiday Report, indicating a significant shift towards circular shopping among consumers [1] - Despite economic uncertainty, holiday spending is expected to remain resilient, with consumers planning to allocate nearly 40% of their total holiday budgets to secondhand gifts, an increase from the typical 30% [1] Company Overview - ThredUp is recognized as one of the largest online resale platforms for apparel, shoes, and accessories [1] Consumer Behavior Trends - The study, conducted by GlobalData, surveyed 2,000 consumers, highlighting a growing trend in secondhand shopping during the holiday season [1] - The increase in budget allocation for secondhand gifts reflects changing consumer attitudes towards sustainability and cost-effectiveness [1]

To virtually try on a pair of shoes, users need to tap on any product listing on Google, select the "try it on" button and then add a full length photo themselves. https://t.co/XeRrQomqqX ...

Core Insights - ThredUp will release its financial results for Q3 2025 on November 3, 2025, after U.S. market close [1] - A conference call and live webcast will be held on the same day at 1:30 p.m. PT / 4:30 p.m. ET [1] Company Overview - ThredUp is a leading online resale platform for apparel, shoes, and accessories, promoting the idea of thinking secondhand first [3] - The platform has processed over 250 million unique secondhand items from 60,000 brands across 100 categories [3] - ThredUp's proprietary operating platform supports its managed marketplace, utilizing distributed processing infrastructure, proprietary software, and data science expertise [3] - The company offers a Resale-as-a-Service model, enabling major brands and retailers to create customizable resale experiences [3] - ThredUp aims to extend the lifecycle of clothing, contributing to a more sustainable future for the fashion industry [3]