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ATRenew Inc. Sponsored ADR (RERE)
:RERE
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.05Last Year’s EPS
<0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 18, 2021
|% Change Since: 7.32%
|Next Earnings Date:Aug 17, 2021
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with strong revenue growth, successful partnerships, and strategic expansion plans. Despite concerns about slowing consumer spending and limited subsidies for smartphones, the company's achievements and future outlook are promising.Company Guidance
During the ATRenew Inc. Third Quarter 2024 Earnings Conference Call, the company highlighted its robust performance with total revenue reaching RMB 4.05 billion, marking a 24.4% year-over-year increase. Product revenue saw a 25.6% rise, while the core recycling business in Mainland China surged over 30%. The physical store network expanded to 1,637 AHS stores, facilitating the growth of the recycling business. Notably, trading services through JD.com experienced a year-over-year value increase of 246% during Singles Day promotions. The multi-category recycling business also flourished, with a transaction value increase of 270% year-over-year. On the profitability front, ATRenew reported a non-GAAP operating income of RMB 104 million and a GAAP operating income of RMB 24.9 million, indicating significant progress in operational efficiency and economies of scale. For the fourth quarter, the company forecasts total revenues between RMB 4,740 million and RMB 4,840 million, reflecting a 22.4% to 24.9% increase year-over-year.Strong Revenue Growth
Total revenue for the third quarter reached RMB 4.05 billion, achieving year-over-year growth of 24.4%.
Core Recycling Business Performance
Core recycling business revenue in Mainland China increased by over 30% year-over-year.
Expansion of AHS Stores
At the end of the third quarter, there were 1,637 AHS stores nationwide, with plans to accelerate store openings in the next 2 to 3 years.
JD.com Partnership Success
The value of goods collected through JD.com increased by over 40% year-over-year, with trading services doubling year-over-year.
Multi-category Recycling Business Growth
Transaction value of goods in multi-category recycling increased by 270% year-over-year, contributing significantly to service revenue.
First GAAP Operating Income
Reported first GAAP operating income of RMB 24.9 million, reflecting economies of scale.
Share Buyback Program
Repurchased approximately 8.2 million ADSs, returning USD 20.1 million to shareholders as of September 30, 2024.
Positive Fourth Quarter Outlook
Anticipated total revenues for Q4 2024 to be between RMB 4,740 million and RMB 4,840 million, representing an increase of 22.4% to 24.9% year-over-year.
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RERE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RERE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $2.46 | $2.80 | +13.82% |
| Aug 20, 2024 | $2.84 | $2.52 | -11.27% |
| May 20, 2024 | $2.83 | $2.71 | -4.24% |
| Mar 12, 2024 | $1.19 | $1.51 | +26.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ATRenew Inc. Sponsored ADR (RERE) report earnings?
ATRenew Inc. Sponsored ADR (RERE) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is ATRenew Inc. Sponsored ADR (RERE) earnings time?
ATRenew Inc. Sponsored ADR (RERE) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RERE EPS forecast?
RERE EPS forecast for the fiscal quarter 2024 (Q4) is 0.05.
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