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ATRenew Inc. Sponsored ADR (RERE)
NYSE:RERE
Earnings Data
Report Date
May 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
-0.08Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: -6.92%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Positive
ATRenew reported strong revenue and profitability growth for 2024, exceeding targets and showcasing success in 1P consumer sales and multicategory recycling expansion. Despite challenges in overseas business and increased operating expenses, the company's strategic investments in brand building and market expansion provided positive momentum.Company Guidance
During the earnings call for ATRenew Inc.'s fourth quarter and full year 2024, the company reported that it exceeded its revenue targets, with fourth-quarter revenues growing by 25.2% year-over-year to RMB 4.85 billion and full-year revenues reaching RMB 16.33 billion, marking a 25.9% increase. Non-GAAP operating income for the fourth quarter was RMB 130 million, with a full-year figure of RMB 410 million, reflecting respective growth rates of 61% and 62.8%. The non-GAAP operating margins were 2.7% for the fourth quarter and 2.5% for the year. The total number of transactions surpassed 35.3 million, driven by strong government support and subsidies. Additionally, the company's one PtoC sales achieved a new milestone with a GNV of RMB 5.5 billion in 2024, with retail revenue accounting for 29% of net product revenues in the fourth quarter, an 8-percentage-point increase from the previous year. The company plans to focus on expanding its store network and fulfillment capabilities, aiming to establish 5,000 stores and a 5,000-member service team over the next three years. For the first quarter of 2025, ATRenew anticipates revenues between RMB 4,550 million and RMB 4,650 million, representing a year-over-year increase of 24.6% to 27.4%.Record Revenue Growth
Total net revenues for full year 2024 reached RMB16.33 billion, representing a 25.9% year-over-year growth. Fourth quarter revenues exceeded guidance, growing 25.2% year-over-year to RMB4.85 billion.
Significant Profitability Increase
Non-GAAP income from operations for the full year 2024 was RMB410 million, growing 62.8% year-on-year. Fourth quarter non-GAAP income was RMB130 million, increasing 61% year-over-year.
Strong 1P to Consumer Sales
Total GNV of 1P to consumer sales reached RMB5.5 billion in 2024. Retail revenue as a percentage of net product revenues was 29% in the fourth quarter, up by 8 percentage points year-on-year.
Expansion of Multicategory Recycling
Multicategory recycling services grew in existing stores, with transaction volume increasing nearly threefold year-over-year, contributing 8.6% of total service revenue.
Brand Building and Marketing Success
Spent 100 million Yuan on new media marketing to increase brand exposure, establishing AHS Recycle as a prominent brand in the second-hand industry.
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RERE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RERE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | $3.18 | $3.48 | +9.43% |
| Nov 20, 2024 | $2.46 | $2.80 | +13.82% |
| Aug 20, 2024 | $2.84 | $2.52 | -11.27% |
| May 20, 2024 | $2.83 | $2.71 | -4.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ATRenew Inc. Sponsored ADR (RERE) report earnings?
ATRenew Inc. Sponsored ADR (RERE) is schdueled to report earning on May 27, 2025, TBA Not Confirmed.
What is ATRenew Inc. Sponsored ADR (RERE) earnings time?
ATRenew Inc. Sponsored ADR (RERE) earnings time is at May 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RERE EPS forecast?
RERE EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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