ThredUp (TDUP) Tops Q4 EPS by 1c, Offers Guidance

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Go back to ThredUp (TDUP) Tops Q4 EPS by 1c, Offers Guidance

thredUP Announces Fourth Quarter and Full Year 2022 Results

March 6, 2023 4:06 PM EST

Quarterly revenue of $71.3 million, representing a 2% decline year-over-year. Fourth quarter gross margin of 63.1% and gross profit decline of 7% year-over-year.
Full year revenue of $288.4 million, representing 15% growth year-over-year. Full year gross margin of 66.7% and gross profit growth of 8% year-over-year.Active Buyers of 1.7 million and Orders of 1.5 million in Q4 2022, representing year-over-year declines of 2% and 8%, respectively. Record annual orders of 6.5 million, representing growth of 22% year-over-year.Reached 42 Resale-as-a-Service (RaaS) brand clients by year-end 2022,... More