ThredUp Inc. is an online consignment and thrift store that specializes in the buying and selling of secondhand clothing
The platform enables consumers to sell their gently used apparel, shoes, and accessories, promoting sustainable fashion by extending the lifecycle of garments. ThredUp curates a vast selection of items from various brands, making it easy for shoppers to find pre-owned clothing at reduced prices. The company emphasizes environmental consciousness and cleaner consumption by encouraging shoppers to choose secondhand products, thereby reducing waste and the demand for new clothing production. Through its innovative platform, ThredUp aims to make thrift shopping accessible and appealing to a broader audience.
Online fashion resale marketplace ThredUp (NASDAQTDUP) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 17.4% year on year to $67.27 million. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $68.5 million at the midpoint, or 4.7% above analysts’ estimates. Its GAAP loss of $0.19 per share was significantly below analysts’ consensus estimates.
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Shares of online fashion resale marketplace ThredUp (NASDAQTDUP)
jumped 44.2% in the afternoon session after the company reported stronger-than-expected preliminary fourth-quarter results, signaling a return to growth. ThredUp anticipates Q4 2024 revenue for the US market between $66.7 million and $67.2 million, marking a 9% year-on-year increase, a sharp turnaround from its earlier forecast of a 6% to 2% sales decline. Gross margin is also expected to improve to between 80.2% and 80.4%. The improved sales and gross profits are expected to drive an Adjusted EBITDA margin of 6.4% to 6.9% (vs. previous guidance of 0.0% to 2.0%).
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Carter's (NYSECRI) and its peers.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including ThredUp (NASDAQTDUP) and its peers.
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ThredUp’s stock price has taken a beating over the past six months, shedding 36.7% of its value and falling to $1.31 per share. This might have investors contemplating their next move.
Shares of online fashion resale marketplace ThredUp (NASDAQTDUP)
jumped 37.9% in the afternoon session after the company reported a "beat and raise" quarter. Third-quarter earnings blew past analysts' EBITDA and revenue estimates.
Despite reporting declines in revenue and active buyers, ThredUp provided an optimistic outlook as it raised full-year 2024 revenue and EBITDA guidance, signaling improved confidence in the near-term growth prospects.
Online fashion resale marketplace ThredUp (NASDAQTDUP) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 11% year on year to $73.02 million. On the other hand, next quarter’s revenue guidance of $68.2 million was less impressive, coming in 3.7% below analysts’ estimates. Its GAAP loss of $0.22 per share was 57.1% below analysts’ consensus estimates.
