ThredUp (TDUP) Misses Q1 EPS by 1c, provides guidance

ThredUp (NASDAQ: TDUP) reported Q1 EPS of ($0.15), $0.01 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $79.6 million versus the consensus estimate of $80.38 million.

GUIDANCE:

ThredUp sees Q2 2024 revenue of $81-83 million, versus the consensus of $86 million.
Gross margin in the range of 71.0% to 73.0%, representing gross profit dollar growth of 6% year over year at the midpoint of revenue and gross margin guidance.
Adjusted EBITDA margin in the range of 1.0% to 3.0%.

For the full fiscal year 2024, ThredUp expects:

Revenue in the range of $328.0 million to $338.0 million, versus the consensus of $379.7 million.
Gross margin in the range of 71.0% to 72.0%, representing gross profit dollar growth of 11% year over year at the midpoint of revenue and gross margin guidance.
Adjusted EBITDA margin in the range of 2.0% to 4.0%.

For earnings history and earnings-related data on ThredUp (TDUP) click here.

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