ThredUp: Further Pain Ahead And No Light At The End Of The Tunnel [Seeking Alpha]
ThredUp Inc. - Class A (TDUP)
Company Research
Source: Seeking Alpha
seeks to gain market share and develop a marketplace in a highly competitive industry. We struggle to see how TDUP can develop into a lucrative business. The industry is attractive, but the inability to develop a meaningful moat and heavy competition limit shareholder returns. TDUP is spending 90% of its revenue on S&A, while its GPM has shown minimal improvement. We see a negative spiral if costs are cut rapidly, with revenue declining. TDUP will likely need to raise financing in the near future to fund its operations as the company continues to burn cash. The company is not noticeably overvalued or undervalued in our view, although it is facing near-term headwinds due to weak economic conditions. Introduction and thesis ThredUP ( NASDAQ: TDUP ) is a leading online thrift store and fashion resale platform founded in 2009. It operates in the secondhand fashion market, allowing consumers to buy and sell high-quality, gently used clothing, shoes, and accessories. TDUP has
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TDUP
News
- Vinted Profits As ThredUp And Depop Declare Second-Hand The New Cool [Forbes]Forbes
- Rebag Unveils Membership Program That Increases Customer Purchasing Power by 27 Percent [Yahoo! Finance]Yahoo! Finance
- How To Shop Frugally at Thrift Stores Despite Rising Prices [Yahoo! Finance]Yahoo! Finance
- ThredUp Inc. (NASDAQ:TDUP) is favoured by institutional owners who hold 60% of the company [Yahoo! Finance]Yahoo! Finance
- Forbes Daily: World Awaits Israel's Decision On Iran Drone Attack [Forbes]Forbes
TDUP
Earnings
- 3/4/24 - Miss
TDUP
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- TDUP's page on the SEC website