ThredUp (TDUP) Misses Q2 EPS by 8c; Lowers Outlook

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Go back to ThredUp (TDUP) Misses Q2 EPS by 8c; Lowers Outlook

thredUP Announces Second Quarter 2022 Results

August 15, 2022 4:05 PM EDT

Quarterly revenue of $76.4 million, representing 27% growth year-over-year.Second quarter gross margin of 68.9% and gross profit growth of 19% year-over-year. Record gross margins in our US business of 74.2%.Active Buyers of 1.7 million and Orders of 1.7 million in Q2 2022, representing growth of 29% and 40% year-over-year, respectively.Published the 10th Annual Resale Report in May, revealing that the U.S. secondhand market is projected to more than double by 2026, reaching $82 billion.

OAKLAND, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale... More