Rent the Runway rallies as Q4 loss narrows, revenue beats expectations [Seeking Alpha]
ThredUp Inc. - Class A (TDUP)
Company Research
Source: Seeking Alpha
The company also expects initiatives set in place this year will result in a “transformative year” in 2024. “2023 was a year of significant improvements to the customer experience that we believe have set the foundation for a milestone fiscal year 2024,” said CEO and co-founder Jennifer Hyman, adding that these initiatives will position the company for growth and to be free cash flow breakeven in fiscal 2024. Shares were up more than 60% The company, which rents designer clothes, reported a loss of $7.02 which narrowed from $8.07 a year ago but was wider than Street expectations by $1.13. Total sales increased 0.5% and beat estimates by $1.39M. Adjusted EBITDA increased by 58% to $11.2M while adjusted EBITDA margin widened to 14.8% from 9.4% year-over-year. Gross margin for Q4 was down to 39.4% from 44.2%. Net loss for 2023 narrowed to $11.2M from $138.7M, driving net loss as a percentage of revenue down to -38.0% versus -46.8% a year ago. The closely-watched subscriber metr
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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