Roughly $7 million of second-half promotional headwinds -- disclosed only when ThredUp (NASDAQ: TDUP) cut its full-year revenue outlook -- sent TDUP shares lower and left shareholders holding the losses. If you lost money on TDUP, you are encouraged to submit your information now . You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
The guidance reduction came alongside second-quarter revenue growth of 16.9% to approximately $90.8 million. Management attributed the lowered outlook to a more price-sensitive customer base and to promotional pressure quantified at approximately $7 million for the back half of the year. The prior full-year outlook did not carry that figure.
Levi & Korsinsky is investigating whether ThredUp adequately disclosed the promotional cost pressures underlying its forward outlook before the reduction. The investigation is focused on the gap between the Company's earlier full-year revenue expectations and the revised figures.
Shareholders who purchased TDUP and suffered a loss may have their losses reviewed at no cost , or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.
Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com
Frequently Asked Questions About the TDUP Investigation
Q: When did ThredUp allegedly mislead investors? A: The investigation concerns forward-looking statements made before the Company reduced its full-year revenue outlook and quantified approximately $7 million of second-half promotional headwinds.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether ThredUp made materially false or misleading statements regarding its full-year revenue outlook and the promotional cost pressures underlying it. When the Company disclosed the reduced outlook, the stock price declined.
Q: Who is eligible to participate in the TDUP investigation? A: Investors who purchased TDUP stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do TDUP investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at jlevi@levikorsinsky.com or (212) 363-7500.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my TDUP shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought TDUP and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to participate. Securities investigations and any resulting actions are generally handled on a contingency basis. No retainer, and no out-of-pocket costs.
Q: What if I live outside the United States? A: U.S. securities investigations generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20260812275712/en/
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