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RERE - ATRenew Non-GAAP EPS of -$0.03 misses by $0.02 revenue of $348.1M beats by $10.56M; issues Q2 revenue guidance
AiHuiShou International Co. Ltd. American Depositary Shares (every three of which representing two Class A)
ATRenew press release (NYSE:RERE): Q1 Non-GAAP EPS of -$0.03 misses by $0.02. Revenue of $348.1M (+45.7%Y/Y) beats by $10.56M. Total Gross Merchandise Volume increased by 51.6% to RMB9.4 billion from RMB6.2 billion in the first quarter of 2021. Number of consumer products transacted increased by 31.3% to 8.4M from 6.4M in the first quarter of 2021. For the second quarter of 2022, the company currently expects its total revenues to be between RMB2,000.0 million and RMB2,050.0 million vs. estimated growth of 47.74% Y/Y.