Why ThredUp (TDUP) Shares Are Sliding Today [Yahoo! Finance]
ThredUp Inc. - Class A (TDUP)
Company Research
Source: Yahoo! Finance
with its operating margin, EPS, and active buyers falling short of Wall Street's estimates. This isn't great as the company is unprofitable, and its number of active buyers is a proxy for the health of its platform. On the other hand, ThredUp provided full-year revenue guidance that slightly topped analysts' expectations. In addition, its revenue narrowly outperformed Wall Street's estimates during the quarter. The mixed topline performance was driven by weak product revenue (down 25% year on year), which fell below expectations, offsetting the outperformance in consignment revenue (up 49% year-on-year). The company expects the trend to continue and guided for "outsized growth in consignment and declines in product revenue throughout 2024." However, it is encouraging to know that consignment revenue is expected to grow to about 80% for the full year, minimizing the headwinds from the product business. Overall, the results could have been better. The stock market overreacts to news
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TDUP
News
- 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
- Rent the Runway rallies as Q4 loss narrows, revenue beats expectations [Seeking Alpha]Seeking Alpha
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