55.00 -1.78 (-3.13%)
Pre-market: 4:27AM EST
|Bid||0.00 x 3100|
|Ask||0.00 x 800|
|Day's range||55.50 - 63.50|
|52-week range||55.50 - 104.98|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
REDWOOD CITY, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDAQ: POSH) today announced it will release its fourth quarter and fiscal year 2020 financial results on Thursday, March 11, 2021, after market close. Poshmark will also host a conference call and earnings webcast at 1:45pm Pacific Time/4:45pm Eastern Time on the same day to discuss the results. The call will be hosted by Manish Chandra, founder & CEO, and Anan Kashyap, CFO. To access the live webcast and related press release, please visit Poshmark’s Investor Relations website at investors.poshmark.com. A replay of the webcast will be available after the event and archived on the investor relations section of the Poshmark website. About Poshmark, Inc.Poshmark is a leading social marketplace for new and secondhand style for women, men, kids, pets, home, and more. By combining the human connection of physical shopping with the scale, ease, and selection benefits of ecommerce, Poshmark makes buying and selling simple, social, and sustainable. Its community of more than 70 million registered users across the U.S., Canada, and Australia, is driving the future of commerce while promoting more sustainable consumption. For more information, please visit www.poshmark.com, and for company news and announcements, please visit investors.poshmark.com. You can also find Poshmark on Instagram, Facebook, Twitter, TikTok, Pinterest, and YouTube. Investor Contactir@poshmark.com Media Contact firstname.lastname@example.org
(Bloomberg) -- Poshmark Inc. is heading to Australia in the fashion marketplace operator’s first expansion since its January public offering.The Redwood City, California-based company, which runs an online platform for selling second-hand apparel, currently is available only in the U.S. and Canada. But Poshmark is looking for “long-term growth through international expansion” and will start with English-speaking countries, according to a statement.Australia was chosen as Poshmark’s first market outside of North America because it has a well-established thrift-shop culture, high rates of e-commerce adoption and environmentally conscious consumers, Chief Executive Officer Manish Chandra said in an interview.Poshmark, which promotes its shopping as a way to form social ties, also wants to expand the merchandise categories that its users can buy and sell, and announced last week the addition of pet-related goods.The company says its platform consists of 70 million users, about 43% of whom are active users. Along with competitors like ThredUp Inc. and RealReal Inc., Poshmark is growing quickly as consumers embrace new forms of e-commerce. Online marketplaces have gained popularity because they give shoppers access to premium brands for a discount. Use of secondhand apparel is also seen as more environmentally friendly, since the fabrication of new garments uses vast quantities of water and contaminates waterways.Poshmark plans to launch in new countries “on a periodic basis,” Chandra said. “We believe that our platform has relevance in all of the major markets in the world.”Poshmark shares were little changed in New York trading on Tuesday. The stock has gained about 86% since the company went public in January.(Updates share trading in last paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Poshmark (NASDAQ: POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more, today announced it will be available to Australians who are looking for a more social and sustainable way to shop, sell and connect. The move is part of Poshmark's strategy to drive long-term growth through international expansion, starting with English-speaking countries. Poshmark Australia is another step towards the company's mission to create a truly global social marketplace that puts people at the heart of commerce, empowering everyone to thrive.