ThredUp Reports Better-Than-Expected Q2 Earnings, Upbeat Outlook

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ThredUp Reports Better-Than-Expected Q2 Earnings, Upbeat Outlook

Benzinga2021-08-11

ThredUp Inc (NASDAQ:TDUP) reported second-quarter FY21 revenue growth of 26.7% year-on-year, to $59.96 million, beating the analyst consensus of $54.31 million.
The consignment revenue increased 39.2% Y/Y, and product revenue fell 8.5%.
Active Buyers grew 8% Y/Y to 1.34 million, and Orders improved 22% to 1.22 million.
Gross profit increased 33.7% Y/Y to $44.1 million with a 390 basis points expansion in profit margin to 73.6%.
The operating loss widened to $(13.9) million. The Adjusted EBITDA loss was $(9) million.
The company held $173.1 million in cash and equivalents as of June 30, 2021.
Loss per share of $(0.15) beat the analyst consensus of $(0.17).
Outlook: ThredUp sees Q3 sales of $60 million - $62 million, versus the consensus of $57.36 million.
The company expects FY21 sales of $236 million - $241 million (prior $223 million - $229 million), versus the consensus of $226.35 million.
Price Action: TDUP shares closed lower by 6.66% at $21.43 on Tuesday.

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Jrrr92
·2021-08-11
good
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2
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kevinlaisq
·2021-08-11
Pls comment and like
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6
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- RainbowMouse:
  okay, sure
  2021-08-11
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- peachespicks:
  ok
  2021-08-11
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- Mooimooi:
  nice
  2021-08-11
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KopiLim
·2021-08-11
For like
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4
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- Melvinchew:
  .
  2021-08-11
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Alicialai
·2021-08-11
Good
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8
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- Alicialai:
  Liked
  2021-08-11
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SkylerTan
·2021-08-11
[齜牙] [齜牙] [齜牙] [齜牙]
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- SkylerTan:
  Doing daily misson
  2021-08-11
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NadNad
·2021-08-11
Please like
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- Zuoshiling:
  Ok
  2021-08-11
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- cammietang90:
  Done too
  2021-08-11
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股你怕么
·2021-08-11
Please like
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- NadNad:
  Done
  2021-08-11
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