ThredUp (TDUP) Misses Q1 EPS by 1c; Guides Lower

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Go back to ThredUp (TDUP) Misses Q1 EPS by 1c; Guides Lower

ThredUP Announces First Quarter 2022 Results

May 9, 2022 4:05 PM EDT

Quarterly revenue of $72.7 million, representing 31% growth year-over-year.First quarter gross margin of 69.1% and gross profit growth of 26% year-over-year.Record number of Active Buyers of 1.7 million in Q1 2022 and Orders of 1.6 million in Q1 2022, representing growth of 33% and 45% year-over-year, respectively.Launched the Recommerce 100 in April, a comprehensive and objective review of branded recommerce that tracks brands adoption of resale and their potential impact on the planet.

OAKLAND, Calif., May 09, 2022 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for womens and kids... More