thredUP to Report First Quarter 2023 Financial Results on May 9, 2023

Rhea-AI Summary

ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform, announced the upcoming release of its financial results for Q1 2023, set for May 9, 2023, after U.S. markets close. A conference call and live webcast will follow at 1:30 p.m. PT / 4:30 p.m. ET. ThredUp focuses on secondhand apparel, shoes, and accessories, having processed over 137 million unique items from 55,000 brands. The company aims to promote sustainable fashion by enabling easy buying and selling of secondhand goods. It operates a proprietary platform supporting a managed marketplace and Resale-as-a-Service for brands, enhancing their resale capabilities. Investors can access earnings materials on ThredUp's investor relations website.

Positive

• Positioned as one of the largest online resale platforms with over 137 million unique items processed.
• Leverages proprietary technology and data science expertise to drive its managed marketplace.

Negative

• None.

OAKLAND, Calif., April 11, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the first quarter ended March 31, 2023 will be released on Tuesday, May 9, 2023 after the close of the U.S. markets. thredUP will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.

The live and archived webcast and all related earnings materials will be available at thredUP’s investor relations website: ir.thredup.com/news-events/events-and-presentations.

About thredUP

thredUP is transforming resale with technology and a mission to inspire a new generation of consumers to think secondhand first. By making it easy to buy and sell secondhand, thredUP has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers love thredUP because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With thredUP's Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. thredUP has processed over 137 million unique secondhand items from 55,000 brands across 100 categories. By extending the life cycle of clothing, thredUP is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.

Investor Contact
Lauren Frasch
ir@thredup.com

Media Contact
Christina Berger
media@thredup.com

FAQ

When will ThredUp report its Q1 2023 financial results?

ThredUp will release its Q1 2023 financial results on May 9, 2023, after the close of U.S. markets.

What time is the ThredUp conference call on May 9, 2023?

The conference call will take place at 1:30 p.m. PT / 4:30 p.m. ET on May 9, 2023.

How can I access ThredUp's earnings materials?

Earnings materials will be available on ThredUp’s investor relations website at ir.thredup.com/news-events/events-and-presentations.

What is ThredUp's business model?

ThredUp operates as an online resale platform for secondhand apparel, shoes, and accessories, focusing on sustainability and consumer convenience.