TDUP ThredUp Inc - Ordinary Shares - Class A

$TDUP “TDUP’s September 23rd Wells Fargo Conference was constructive but candid about a weaker consumer backdrop. Q2 was a record quarter, with revenue +17% and buyers/orders up 20%+, while EBITDA and cash flow continued improving. Since June, budget-conscious shoppers have become more price-sensitive, so TDUP is accepting lower unit margins to preserve customer engagement rather than risk costly reacquisition. Management believes pricing can recover when conditions normalize. Traffic, buyers, sellers and conversion remain healthy, supporting its view that the weakness is macro-driven. Strategically, TDUP is accelerating Direct Listings, live/social commerce and AI-agent shopping. Management sees its 10+ years of data, structured inventory and processing infrastructure as a meaningful competitive advantage.” So, basically, they need the war to end and oil prices to come back down.

$TDUP I just keep adding it’ll benefit from a slowing economy. Why pay full retail when you can pay a fraction when money is tight. There is a thriving 2nd hand economy and it’s only going to get busier.