TDUP Investor Alert: Levi & Korsinsky Notifies Investors of Investigation Into ThredUp (TDUP)

ThredUp guided investors to a full-year revenue outlook that it later reduced, citing roughly $7 million of promotional headwinds in the second half. Levi & Korsinsky is investigating potential securities law violations on behalf of TDUP shareholders who lost money.

NEW YORK--(BUSINESS WIRE)--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 [e-mail] or by telephone at [phone].

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 [e-mail] or [phone].

Levi & Korsinsky, LLP | Top 50 Securities Firm | [phone] | 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 [e-mail] or [phone].

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.

Attorney Advertising. Prior results do not guarantee similar outcomes.