ThredUp’s Loss Expands on Higher Sales, Revises Guidance
The apparel and footwear resale marketplace’s net loss deepened 15% to $5,935,000 from $5,176,000 in the second quarter, on 17% higher sales of $90,767,000, up from $77,657,000, as active buyer count grew 21% to 1.77 million. Gross margin increased 40 basis points to 79.9%, but higher operating expenses deleveraged 40 b.p. to 86.6% of the top line. Adjusted ... Log in to view full article.
