- United States
- /
- Specialty Stores
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- NasdaqGS:TDUP
ThredUp Second Quarter 2024 Earnings: Misses Expectations
ThredUp (NASDAQ:TDUP) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$79.8m (down 3.5% from 2Q 2023).
- Net loss: US$14.0m (loss narrowed by 26% from 2Q 2023).
- US$0.13 loss per share (improved from US$0.18 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ThredUp Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 27%.
Looking ahead, revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in the US are expected to grow by 4.8%.
Performance of the American Specialty Retail industry.
The company's shares are down 69% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with ThredUp (at least 1 which is significant), and understanding them should be part of your investment process.
Valuation is complex, but we're here to simplify it.
Discover if ThredUp might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About NasdaqGS:TDUP
ThredUp
Operates an online resale platform in the United States and internationally.
Undervalued with excellent balance sheet.