ThredUp (TDUP) Misses Q2 EPS by 2c, provides guidance

ThredUp (NASDAQ: TDUP) reported Q2 EPS of ($0.13), $0.02 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $79.8 million versus the consensus estimate of $82.49 million.

GUIDANCE:

ThredUp sees Q3 2024 revenue of $69-71 million, versus the consensus of $84.66 million.
U.S. Revenue in the range of $59 million to $61 million.

Consolidated Gross margin in the range of 69.8% to 71.8%.

U.S. Gross margin in the range of 77.5% to 79.5%.

Consolidated Adjusted EBITDA margin in the range of (6.0)% to (4.0)%

U.S. Adjusted EBITDA margin in the range of (1.0)% to 1.0%.

For the fourth quarter 2024, ThredUp expects:

Consolidated Revenue in the range of $70 million to $72 million, versus the consensus of $86.58 million.

U.S. Revenue in the range of $57 million to $59 million.

Consolidated Gross margin in the range of 68.8% to 70.8%.

U.S. Gross margin in the range of 77.5% to 79.5%.

Consolidated Adjusted EBITDA margin in the range of (4.5)% to (2.5)%

U.S. Adjusted EBITDA margin in the range of 0.0% to 2.0%.

For the full fiscal year 2024, ThredUp expects:

Consolidated Revenue in the range of $298 million to $302 million, versus the consensus of $333.6 million.

U.S. Revenue in the range of $247 million to $251 million.

Consolidated Gross margin in the range of 69.6% to 70.6%.

U.S. Gross margin in the range of 78.5% to 79.5%.

Consolidated Adjusted EBITDA margin in the range of (3.3)% to (2.3)%

U.S. Adjusted EBITDA margin in the range of 1.0% to 2.0%.

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

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