The company also expects Q2 gross margin in the range of 78.5%-79.5% and an adjusted EBITDA margin of approximately 5.2%. “As we look ahead, we remain focused on executing our growth plan amidst an ever-changing consumer environment,” said CEO James Reinhart.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDUP:
- ThredUP reports Q1 EPS (5c), consensus (6c)
- Is TDUP a Buy, Before Earnings?
- Oliver Chen Raises thredUP Price Target to $5.50 and Reiterates Buy on Strengthening Growth and Profitability Outlook
- Netflix upgraded, Carvana downgraded: Wall Street’s top analyst calls
- ThredUP initiated with a Buy at TD Cowen
