ThredUp Inc (NAS:TDUP)
$ 1.88 -0.05 (-2.59%) Market Cap: 207.28 Mil Enterprise Value: 230.44 Mil PE Ratio: 0 PB Ratio: 2.21 GF Score: 67/100
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ThredUp Inc at Wells Fargo Consumer Conference Transcript

Sep 21, 2022 / 06:20PM GMT
Release Date Price: $2.2 (-9.09%)
Irwin Bernard Boruchow
Wells Fargo Securities, LLC, Research Division - MD and Senior Specialty Retail Analyst

Thanks, everyone, for being here. So again, my name is Ike Boruchow from Wells Fargo. It's our Fifth Annual Consumer Conference here in Laguna Beach. Excited to sit down with the thredUP team, James Reinhart, Sean Sobers. Good to see you.

Questions & Answers

Irwin Bernard Boruchow
Wells Fargo Securities, LLC, Research Division - MD and Senior Specialty Retail Analyst

I feel like such a dynamic environment right now that it's always great to talk with a founder-led business. I mean, James, you were -- let's just start with the macro, the big picture. I feel like you and thredUP, you guys were the first ones to kind of call out that there seems to be some pressure building on the low end.

Can you talk about your consumer base? Just what exactly maybe you started to see a couple of months ago, how you've seen that play out with the different cohorts in the marketplace, the value consumer versus the higher end. Let's start there.

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