Welcome to our dedicated page for The RealReal news (Ticker: REAL), a resource for investors and traders seeking the latest updates and insights on The RealReal stock.
The RealReal, Inc. (symbol: REAL) is the world's largest online marketplace for authenticated, resale luxury goods. Founded by e-commerce veteran Julie Wainwright, the company offers a premier luxury resale store experience by curating, evaluating, and authenticating high-end designer fashion, fine jewelry, watches, and art. With a portfolio that includes brands such as Chanel, Hermès, Manolo Blahnik, and Cartier, The RealReal ensures every item is genuine, eliminating the uncertainty of purchasing luxury goods online.
The RealReal operates on a consignment model, allowing individuals to sell their luxury possessions with minimal effort. The process involves free virtual appointments, in-home pickups, drop-offs, and direct shipping. The company handles all steps from authentication, pricing, and photographing, to listing, shipping, and customer service. With over 35 million members and a team of hundreds of in-house gemologists, horologists, and brand authenticators, The RealReal inspects thousands of items daily, supporting a circular economy by giving new life to luxury items.
In 2023, The RealReal generated $1.7 billion in gross merchandise volume (GMV). The company continues to refine its business model, focusing on the higher-margin consignment segment. This strategic shift resulted in significant improvements, including a higher take rate, better gross margin rates, and positive Adjusted EBITDA by the end of 2023. The RealReal's strong financial performance has placed it on track to achieve positive Adjusted EBITDA on a full-year basis in 2024.
Recent notable achievements include partnerships with brands like Gucci, Stella McCartney, and Burberry, along with collaborations such as the Manhattan Vintage Show in January 2024. These initiatives highlight The RealReal's commitment to sustainability and expanding the vintage luxury market.
The company also engages in strategic debt exchange transactions to strengthen its financial position, such as the recent exchange that reduced its indebtedness by over $17 million, creating capital structure flexibility for future growth.
The RealReal’s forward-looking strategy includes leveraging advanced technologies like AI and machine learning for optimal pricing, enhancing user experience, and maintaining rigorous authentication standards. The company continuously updates its financial guidance and remains transparent with its investors through regular earnings releases and conference calls.
The RealReal (REAL) has announced the opening of its newest store in Houston's Montrose Collective, marking its fifteenth brick-and-mortar location and second in Texas. The 2,727 sq. ft. store is strategically positioned alongside premium retailers like Reformation, Ganni, Mejuri, and Buck Mason. The location will offer comprehensive consignment services, including personalized consultations and expert evaluations of luxury handbags, fine jewelry, and watches.
Chief Merchandising Officer Samantha McCandless highlighted Houston's strong growth in both consignor and customer base as key factors in choosing this location. The expansion builds on the success of their Dallas store and aims to strengthen The RealReal's presence across Texas while supporting the circular economy.
The RealReal (REAL) has opened its fourteenth brick-and-mortar store in Miami's Design District, marking its second location in Florida. The 1,972 sq. ft. store features responsibly sourced materials and local artistic elements, including a hand-painted tile mural. The new location offers consignment services with expert evaluations for luxury items, including handbags, fine jewelry, and watches. Chief Merchandising Officer Samantha McCandless emphasizes the store's localized approach with a frequently updated inventory, chosen to serve Miami's active customer and consignor base.
The RealReal (REAL) reported strong Q3 2024 financial results with revenue reaching $148 million, up 11% year-over-year. The company's GMV increased 6% to $433 million, while consignment revenue grew 14%. Net loss improved to $(18) million from $(23) million in the prior year. Notable improvements include Adjusted EBITDA of $2.3 million (1.6% of revenue) compared to $(7.0) million last year, and gross margin expansion to 74.9%. Active buyers increased 7% to 389,000, with orders up 4% to 829,000. The company raised its full-year guidance based on strong Q3 performance and positive supply trends.
The RealReal (REAL) has appointed Rati Sahi Levesque as President and CEO, replacing John Koryl who has departed the company. Levesque, who helped found The RealReal in 2011 and most recently served as President and COO, brings 13 years of experience across multiple areas of the business.
The company also reported preliminary Q3 2024 results exceeding guidance, with GMV of $433.1 million, Total Revenue of $147.8 million, and Adjusted EBITDA of $2.3 million. The company has updated its FY 2024 guidance, raising expectations for GMV to $1.810-$1.826 billion, Revenue to $595-$602 million, and Adjusted EBITDA to $4.5-$7.5 million.
The RealReal, the world's largest online marketplace for authenticated luxury resale goods, launches its second star-studded sale in partnership with Conservation International. The sale features 230 luxury pieces from influential women including Kate Moss, Julianne Moore, and others. The RealReal will donate $25,000 to Conservation International to support environmental protection efforts.
The collection includes high-end ready-to-wear, handbags, shoes, and jewelry, with prices ranging from $50 to $3,350. Available online and at The RealReal's Soho Boutique, this initiative aims to promote sustainable fashion and combat textile waste, noting that nearly 95% of discarded clothing could be reused or recycled.
The RealReal (Nasdaq: REAL), the world's largest online marketplace for authenticated, resale luxury goods, has announced the timing of its Third Quarter 2024 Earnings Conference Call. The company will release its financial results for the quarter ended September 30, 2024, after the market closes on November 4, 2024. A conference call will be hosted at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to review the financial results. Investors can access a live webcast of the conference call at investor.therealreal.com, where an archived version will also be available shortly after the call.
The RealReal (Nasdaq: REAL), the world's largest online marketplace for authenticated, resale luxury goods, has announced its participation in the Wells Fargo 7th Annual Consumer Conference. CEO John Koryl and CFO Ajay Gopal will engage in a fireside chat on Thursday, September 19, at 10:15am PT (1:15pm ET).
Investors and interested parties can access the event webcast through The RealReal's investor website at investor.therealreal.com. A replay of the presentation will be available for 180 days following the event, providing an extended opportunity for stakeholders to gain insights into the company's strategies and performance.
The RealReal, the world's largest online marketplace for authenticated, resale luxury goods, has released its seventh annual 2024 Luxury Resale Report. The report analyzes data from 37 million members, revealing key trends in luxury resale. Investment-worthy pieces like high-value fine jewelry and timeless handbags dominated, alongside trends influenced by TikTok and nostalgic TV shows.
Key findings include:
- Top 10 most searched brands focus on universality
- Fine jewelry saw the biggest growth, with sales up 22% YoY for pieces $5,000+
- Handbags priced $1,000-3,000 experienced a 13% YoY buyer growth
- Vintage brands went mainstream, with searches for Issey Miyake up 100% YoY
- Street style shifted towards business attire, with suiting sales up 25%
- 'New Americana' trend emerging, combining boho and utilitarian styles
The RealReal introduced a new 'As Is' condition category to meet customer demand for value-driven shopping.
The RealReal (REAL) reported Q2 2024 financial results, showing significant improvements:
- Revenue increased 11% year-over-year to $145 million
- Net loss improved by $25 million to $(17) million
- Adjusted EBITDA improved by $21 million to $(1.8) million
Key highlights include:
- GMV grew 4% to $441 million
- Gross profit increased by $21 million
- Gross margin improved by over 800 basis points to 74.1%
- Active buyers increased 9% to 381,000
- Orders grew 4% to 820,000
CEO John Koryl emphasized the company's progress, focus on operational excellence, and potential to benefit from AI advancements in the luxury resale market.
The RealReal (Nasdaq: REAL), a leading online marketplace for authenticated, resale luxury goods, has scheduled the release of its financial results for the second quarter of 2024. The report will be available after market close on August 6, 2024. Following the release, a conference call for investors and analysts will be held at 2:00 p.m. PT / 5:00 p.m. ET. Participants can access the call through the provided registration link or via a live webcast on The RealReal’s investor relations website. An archived version of the webcast will be available shortly after the call.
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