2024-03-07 02:33:58 ET
Summary
- ThredUp's actual EBITDA loss for Q4 2023 was wider than expected as a result of a non-recurring inventory write-off.
- TDUP's new FY 2024 EBITDA margin guidance of 1.0% is higher than the market's consensus forecast of 0.7%.
- ThredUp stock is still rated as a Buy, as I think that investors should look beyond its below-expectations fourth quarter EBITDA and focus on its positive guidance.
Elevator Pitch
My investment rating for ThredUp Inc. ( TDUP ) shares is a Buy. I wrote about TDUP's efforts to target a new consumer segment and its operating profitability prospects in my prior update written on September 19, 2023....
Read the full article on Seeking Alpha
For further details see:
ThredUp: Look Beyond Q4 EBITDA Miss