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Thredup, Inc. (TDUP)
:TDUP
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Earnings Data
Report Date
Mar 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 10, 2021
|% Change Since: 326.42%
|Next Earnings Date:May 12, 2021
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with significant improvements in acquisition and retention metrics, financial performance, and technological advancements, despite the challenges in the EU market and a decline in U.S. revenue and active buyers.Company Guidance
During the ThredUp Q3 2024 earnings call, the company provided updated guidance and performance metrics, highlighting positive momentum and strategic shifts. CEO James Reinhart announced that ThredUp exceeded its own expectations for Q3 and is raising estimates for Q4, despite an anticipated 4% seasonal decline in Q4 sales compared to a typical 6% dip. The U.S. gross merchandise value (GMV) showed a 7% year-over-year increase, from $426 million in 2023 to $457 million in 2024 at the midpoint. ThredUp's U.S. operations achieved a gross margin of 79.3%, up 70 basis points year-over-year, and a positive adjusted EBITDA for the fifth consecutive quarter. The company is also making significant progress in divesting its European business, with plans to fund Remix with a final $2 million investment and retain a minority interest. Additionally, Reinhart emphasized improvements in customer acquisition, with new buyer retention up 12% and LTV-to-CAC ratios trending 15% better than the previous year. The company expects U.S. net revenue growth to be flat to slightly up in 2025, with a focus on leveraging AI technologies to enhance the shopping experience.Strong Acquisition and Retention Metrics
Q3 was the strongest new buyer acquisition quarter in over two years, with repeat rates for new customers up 12% over the last few months and LTV-to-CAC ratios improving by 15% year-to-date.
Improved Financial Performance
Despite a top line contraction, ThredUp generated more cash flow from operations year-over-year in Q3 and expanded adjusted EBITDA by nearly 100 basis points, with gross margins up 70 basis points year-over-year to 79.3%.
AI and Technological Advancements
ThredUp introduced several AI-driven product enhancements, including AI search functionality, Style Chat, Image Search, and 360-degree high-definition photos, aimed at improving customer experience and operational efficiency.
Positive Outlook for U.S. Business
Raised estimates for Q4 revenue in the U.S. with expectations of being free cash flow positive on an annual basis in 2025.
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TDUP 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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TDUP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $0.53 | $0.84 | +58.49% |
| Aug 05, 2024 | $1.73 | $0.64 | -63.01% |
| May 06, 2024 | $1.86 | $1.95 | +4.84% |
| Mar 04, 2024 | $2.36 | $1.97 | -16.53% |
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 Thredup, Inc. (TDUP) report earnings?
Thredup, Inc. (TDUP) is schdueled to report earning on Mar 10, 2025, TBA Not Confirmed.
What is Thredup, Inc. (TDUP) earnings time?
Thredup, Inc. (TDUP) earnings time is at Mar 10, 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 TDUP EPS forecast?
TDUP EPS forecast for the fiscal quarter 2024 (Q4) is -0.16.
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