ThredUp Inc. is an online consignment and thrift store that specializes in the buying and selling of secondhand clothing
The platform enables consumers to sell their gently used apparel, shoes, and accessories, promoting sustainable fashion by extending the lifecycle of garments. ThredUp curates a vast selection of items from various brands, making it easy for shoppers to find pre-owned clothing at reduced prices. The company emphasizes environmental consciousness and cleaner consumption by encouraging shoppers to choose secondhand products, thereby reducing waste and the demand for new clothing production. Through its innovative platform, ThredUp aims to make thrift shopping accessible and appealing to a broader audience.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at apparel and accessories stocks, starting with Hanesbrands (NYSEHBI).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel and accessories industry, including Guess (NYSEGES) and its peers.
Shares of online fashion resale marketplace ThredUp (NASDAQTDUP)
jumped 44.2% in the afternoon session after the company reported stronger-than-expected preliminary fourth-quarter results, signaling a return to growth. ThredUp anticipates Q4 2024 revenue for the US market between $66.7 million and $67.2 million, marking a 9% year-on-year increase, a sharp turnaround from its earlier forecast of a 6% to 2% sales decline. Gross margin is also expected to improve to between 80.2% and 80.4%. The improved sales and gross profits are expected to drive an Adjusted EBITDA margin of 6.4% to 6.9% (vs. previous guidance of 0.0% to 2.0%).
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Carter's (NYSECRI) and its peers.
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.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including ThredUp (NASDAQTDUP) and its peers.
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:
Telsey Advisory Group analyst Dana Telsey on Tuesday provided an overview of which consumer sectors were the best performers in the third-quarter and highlighted some "stocks with potential."
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the apparel and accessories stocks, including Oxford Industries (NYSEOXM) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Kontoor Brands (NYSEKTB) and its peers.
ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that it entered into a binding agreement to divest its European business, Remix, in a management buyout led by Florin Filote, the General Manager of Remix. The divestiture closed simultaneously with the signing of the agreement. ThredUp retains a minority interest in the Remix business and prior to the closing of the transaction, Remix received a final cash investment of $2 million from ThredUp to help fund operations as Remix continues its fundraising process independently. This strategic transaction allows both ThredUp and Remix to focus on their respective core markets and strengths.
ThredUp’s stock price has taken a beating over the past six months, shedding 36.7% of its value and falling to $1.31 per share. This might have investors contemplating their next move.
ThredUp Inc. (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today announced the appointment of fashion tech executive, Danielle Vermeer, to the newly created role of Head of Social Commerce, effective January 2025. Vermeer will spearhead ThredUp's efforts to make resale more engaging and accessible to a wider audience through innovative shopping experiences.
Shares of online fashion resale marketplace ThredUp (NASDAQTDUP)
jumped 37.9% in the afternoon session after the company reported a "beat and raise" quarter. Third-quarter earnings blew past analysts' EBITDA and revenue estimates.
Despite reporting declines in revenue and active buyers, ThredUp provided an optimistic outlook as it raised full-year 2024 revenue and EBITDA guidance, signaling improved confidence in the near-term growth prospects.
Online fashion resale marketplace ThredUp (NASDAQTDUP) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 11% year on year to $73.02 million. On the other hand, next quarter’s revenue guidance of $68.2 million was less impressive, coming in 3.7% below analysts’ estimates. Its GAAP loss of $0.22 per share was 57.1% below analysts’ consensus estimates.
OAKLAND, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today its financial results for the third quarter ended September 30, 2024 and updated full year 2024 financial outlook.
OAKLAND, Calif., Oct. 07, 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 third quarter ended September 30, 2024 will be released on Monday, November 4, 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.
