Core Insights - ThredUp Inc. (TDUP) has reported strong preliminary fourth-quarter 2024 results, driven by a U.S.-focused strategy and AI-powered operational improvements, reinforcing its growth trajectory in the resale apparel industry [1][3][4] - The company's stock has gained 55.9% in the past month, significantly outperforming the industry, which declined by 3.6% [1] Financial Performance - Preliminary revenues are estimated between $66.7 million and $67.2 million, reflecting a 9% year-over-year increase and surpassing earlier guidance of $58-$60 million [3] - Gross margin is projected to be between 80.2% and 80.4%, exceeding the forecasted range of 78.5%-79.5% [3] - Adjusted EBITDA margin is expected to be between 6.4% and 6.9%, well above the original estimate of flat to 2% [3] Strategic Focus - The company has shifted its focus solely to the U.S. market after divesting its European operations, which are now classified as discontinued [4] - Enhanced operational efficiency and improved customer engagement in the U.S. market are key drivers of growth [4] Analyst Sentiment - The Zacks Consensus Estimate for the current quarter has improved by 5 cents to a loss of 8 cents per share, indicating positive sentiment around ThredUp [5] - Analysts highlight strong new buyer growth, improved retention rates, and robust Lifetime Value-to-Customer Acquisition Cost ratios as factors contributing to optimism [7][8] Operational Improvements - Significant enhancements in sourcing strategy and pricing algorithms have led to attractive deals for customers, driving strong sales and improved contribution margins [8] - The integration of advanced AI tools is enhancing customer experience through features like Image Search and AI-driven style recommendations [9] Business Model Transition - ThredUp's transition to a consignment-based model has improved operational efficiency and cash flow, positioning the company well for scalability and growth opportunities in the resale market [10] Investment Outlook - With strong customer acquisition strategies and innovative use of AI, ThredUp is well-positioned for growth despite broader market challenges [11]

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Has ThredUp (TDUP) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.ThredUp is one of 181 companies in the Consumer Staples group. The Consumer Staples group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Ran ...

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ThredUp Inc. (TDUP) , one of the largest online resale platforms for apparel, shoes and accessories, delivered preliminary fourth-quarter 2024 results that exceeded all previously issued guidance. The company returned to solid growth in its core business.Last year in November, ThredUp divested its European business, Remix Global EAD (“Remix”), to streamline the company’s operations and concentrate exclusively on the U.S. market. As a result, the company’s fourth-quarter performance now emphasizes U.S. busin ...

OAKLAND, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today provided preliminary unaudited financial results for the fourth quarter ended December 31, 2024. “I am encouraged by our preliminary fourth quarter results that exceeded all elements of our guidance, and the return to solid growth in our core business,” said ThredUp Co-Founder and CEO James Reinhart. “The exclusive focus on our U.S. ...

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 ...

Fashion resale marketplace ThredUp has divested its European business to focus on its core domestic U.S. market. ThredUp expanded into Europe in 2021 with the acquisition of Remix, a Bulgarian startup that operates across a handful of central and eastern European markets. Back in May, ThredUp announced a new general manager, Florin Filote, to lead its European operations‚ and Filote is now leading a management buyout of the unit he leads. Founded in 2009, ThredUp specializes in secondhand clothing and acce ...

Financial Data and Key Metrics Changes - Consolidated revenue for Q3 2024 totaled $73 million, a decrease of 11% year-over-year [35] - U.S. net revenue was $61.5 million, down 9.6% compared to last year [35] - Consolidated gross margin was 71.2%, a 220-basis-point increase year-over-year [36] - U.S. gross margin improved to 79.3%, a 70-basis-point increase from last year [36] - GAAP net loss for Q3 was $25 million, while adjusted EBITDA loss was $2.5 million [37] - U.S. generated $700,000 of adjusted EBITDA in Q3, marking the fifth consecutive quarter of positive adjusted EBITDA [37] Business Line Data and Key Metrics Changes - Consignment revenue now constitutes over 90% of U.S. revenue, expected to trend towards the mid-90s in 2025 [20] - Active buyers in the U.S. were 1.2 million, with orders also at 1.2 million, reflecting declines of 7.3% and 10.5% respectively [35] - Repeat rates for new customers increased by 12% over recent months [16] Market Data and Key Metrics Changes - Gross merchandise value (GMV) grew 7% year-over-year, from $426 million in 2023 to $457 million in 2024 at midpoint [13] - The company expects a seasonal decline of only 4% from Q3 to Q4, compared to a historical average of 6% [12] Company Strategy and Development Direction - The company is focusing on U.S. marketplace growth and has made significant progress in the divestiture of its EU business [9][10] - Investments in AI technologies are a priority, with advancements expected to enhance the secondhand shopping experience [25] - The company aims to be the underlying infrastructure for the majority of resale on the internet [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to growth and profit targets, citing improved customer acquisition and retention metrics [14][16] - The company anticipates a highly promotional Q4 but is optimistic about underlying fundamentals returning [39] - For 2025, the company expects U.S. net revenue growth to be flat to slightly up, with plans for free cash flow positivity [40] Other Important Information - The company is targeting to close the EU divestiture transaction by year-end [10] - Cash flow from operations in the U.S. was positive, with expectations for full-year positive cash flow in 2024 [18][38] Q&A Session Summary Question: What KPIs give confidence for raising expectations for Q4? - Management highlighted improved gross margins and contribution margins as key indicators of confidence [47] Question: How will resources be allocated in a U.S.-only business? - Focus will be on U.S. fundamentals, with increased investments in marketing and operations to drive growth [52][54] Question: Is AI driving new buyers and retention? - AI initiatives are enhancing customer experience and conversion rates, contributing to improved buyer acquisition and retention [55] Question: Will marketing investments increase next year? - Management plans to continue investing in marketing while maintaining efficiency in customer acquisition costs [62]

ThredUp (TDUP) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -46.67%. A quarter ago, it was expected that this online seller of secondhand clothing would post a loss of $0.10 per share when it actually produced a loss of $0.13, delivering a surprise of -30%.Over the last four quarters, the ...

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 September 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) Delawar ...