joining us third James I'm everyone. thredUP's Reinhart, CEO you and for afternoon, for thredUP. XXXX Good of earnings Co-Founder quarter call. Thank
broader our review XXXX. then fiscal today's perspective touch strategy I'll environment question-and-answer will final business some our the marketplace and our our detail and on offering. our with is from share with financial close key Financial a our our financials and As we're progress provide with we're on our quarter quarter operations Officer, Chief changes highlights product in Resale-as-a-Service outlook call we're follow how Sean year what and And evolving. our the seeing We'll I'll and to internationally. in excited a in of quarter. more third results we how session. of then scaling I'll experience, dynamics with the what head into discuss doing for Sobers, year, retail the finally, we're fourth out our and start
Let's start results. the with
For active record the we and third consecutive achieved record revenue, profit, quarter, orders. gross record record buyers
and the an growth orders Our quarter increase buyers time. third to gross we metrics increased Active faced while headwinds $XX of These profits sustainable year-over-year and to growth. revenue is of gross to throughout investment resilience revenue underscore will the our million XX% grew XX%, million. XX% long-term of profit This is over accelerating $XX XX% and thredUP's and growth respectively. strategy pandemic indicate lead that our
We broader in sector. concur the quarter me in with Let consensus we've in a seeing at was there amidst been address the concerns. retail a was retail variant what with into September sentiment that beginning robust overall dip of third But sales. consumer Delta spending significant that rise consumer first the
continued to this how has a see prices impacts that, higher pressure temporary labor take inflationary rather unique. surcharges as changes consumer and costs changes. thredUP said the and and having Now toll, is shortages, And structural logistics than supply we for
ready and of on always on direct means ever-fresh stock to not a in consumers exposure. not that domestically from to are supply forced already do retailers XXX% items vast hand This sellers, raise find our entirely rely same sourced is U.S. While site, second we supply. selection of for pressure, the to do have many thredUp's have and manufacturing been and ship. or our we can of which due inflation chain business prices level
the in customer result, wallet a see near a acquisition and opportunity share we term. compelling As
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in our to They lower period see prices. same in this last You average were the can listed QX clearly time this of year. XX% on year compared average
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supply. to turn me Let
side, On continue service. supply to cleanout for demand strong our the we see
center network. bags processing distribution more our processing times still yet managing around keep average are and on to weeks ever across We XX than bag
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in facility processing Grapevine We items in begin expect the new to QX XXXX.
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ultimately overall drive revenue processing history shows rates in our quarters. potential our J-curve-like thus that and However, expenses future up these
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clients, deepen lower as cost. our long-term brands Out Clean sign As at supply we Kit more on advantages
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launch premium usage services Second, for who on side cleanout side, fees. either shop enterprise the platform we the recurring a wish brands and or resale on charge resale or to
marketing, enterprise data premium repair of include or examples experiences. Some pricing deeper control, offerings packaging, omnichannel or intelligence, branding,
by marketplace our sell-through supply amplifies RaaS increases expands on our infrastructure, revenue. metrics our return sources high-margin assets summary, in profitability advantage, adding So and our long-term using and of
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expansion transaction on Europe's of resale agreement Remix, companies. to Moving fashion announced closed October. in officially phase initial our strategy Last international one we The to international. leading with quarter, of the acquire the
hand to X and hand their Remix to to growth $XX single-SKU operates logistics we in Data foothold Remix automation millions that the billion estimates by will items established enables that leverage technology introduce We currently countries where plans market Global custom Central process can second Our gain XXXX. and thredUP's plan And Remix' will acquisition our Eastern accelerates time, of second strengthen over offerings. Europe. us of efficiently. an in grow across Europe, international to
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