ThredUpNASDAQ: TDUP

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:

ThredUp (TDUP) reported a quarterly loss of $0.15 per share, slightly lower than the expected loss of $0.14 per share according to the Zacks Consensus Estimate. This is an improvement from the loss of $0.19 per share reported a year ago.

ThredUp noticed that consumers are becoming more cautious with their spending on clothing, including lower-cost secondhand items, due to economic pressures affecting their budgets. During a call with analysts to discuss its first-quarter 2024 earnings, the resale platform mentioned that shoppers are being more conservative with their purchases.

OAKLAND, Calif., April 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 first quarter ended March 31, 2024 will be released on Monday, May 6, 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.

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 operator today.

Although the revenue and EPS for ThredUp (TDUP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

ThredUp (TDUP) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.19 per share a year ago.

Revenue growth is going strong at 21%, but ThredUp is still reporting losses. Guidance points to a decline in revenue during the holidays, which can't be a good sign for a retailer.

ThredUP is reeling in a more upscale clientele.   “We've done a really good job as a team of focusing more of our buyer efforts on a slightly more premium shopper,” said thredUP's CEO James Reinhart during the company's Q3 2023 earnings call on Monday (Nov. 6).