SAN FRANCISCO - ThredUp (NASDAQ:TDUP) Inc. (NASDAQ:TDUP, LTSE:TDUP), a prominent online resale platform for clothing and accessories, saw its shares jump 25% following the announcement of preliminary financial results for its fourth quarter, which ended on December 31, 2024.
The preliminary data indicates a robust performance in core U.S. operations, highlighted by significant growth and improved margins. ThredUp's focus on the domestic market and the implementation of AI-driven enhancements to its platform have been credited with contributing to the quarter's success.
These strategic moves have not only spurred growth but have also resulted in more efficient operations, as evidenced by the positive impact on the company's margins.
ThredUp's Co-Founder and CEO, James Reinhart, expressed optimism about the company's trajectory, noting the acceleration of momentum throughout the quarter and the benefits of long-term investments in infrastructure and the marketplace. He anticipates that the company will maintain this positive momentum into 2025.
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