The business announced adjusted earnings of 0.13 per share for the quarter, ahead of analyst projections of earnings of 0.07 per share and above earnings of 0.07 per share reported a year earlier.
The company reported quarterly sales of 893.00 million, improving by 39.25% from 641.30 million reported during the same quarter last year and exceeding analyst estimates.
Sharing its expectations for the upcoming period, ATRenew sales targets for the second quarter of fiscal year 2026 between 900.86 million and 915.30 million.
Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, stated, “ATRenew achieved accelerated growth across multiple dimensions in the first quarter of 2026. Total net revenue reached RMB6,160.1 million, representing a 32.4% year-on-year increase. We deepened our self-operated capabilities across the value chain.”
In pre-market trading, ATRenew is up 5.99% to a price of $4.78. The stock’s 52-week trading range stands between $2.41 and $6.47.
