ThredUp (TDUP) Misses Q3 EPS by 7c, Beats on Revenue; Offers FY24 Revenue Guidance

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Go back to ThredUp (TDUP) Misses Q3 EPS by 7c, Beats on Revenue; Offers FY24 Revenue Guidance

ThredUp Announces Third Quarter 2024 Results

November 4, 2024 4:05 PM EST

Third quarter Total revenue of $73.0 million, a decrease of 11% year-over-year. U.S. Total revenue of $61.5 million, a decrease of 10% year-over-year. Third quarter Gross margin of 71.2% and a decrease in Gross profit of 8% year-over-year. U.S. Gross margin of 79.3% and a decrease in U.S. Gross profit of 9% year-over-year. Active Buyers of 1.632 million and Orders of 1.553 million in Q3 2024, representing decreases of 7% and 14%, respectively, year-over-year. U.S. Active Buyers of 1.248 million and Orders of 1.172 million in Q3 2024,  representing a... More